[announcement] Veltec Sports announces price increase for Colnago, Sidi and Vredestein Carson City, NV - Veltec Sports today announced an increase in the wholesale prices of the following European brands: Colnago, Sidi and Vredestein. Effective June 1, 2008, a 10% increase will go into effect in order to partially offset substantial increases in the cost of these products as a result of a steeply increased Euro/Dollar exchange rate. Other than a very small price increase earlier this year, Veltec has kept its prices largely constant throughout the season, even though the US Dollar has devalued over 16% against the Euro during that period. [/announcement] Just kidding James. I was just showing everyone what the bicycling industry is in for. Most mfg guys are saying 12 - 20% for '09. Ouch. They aren't done yet. I expect tires and tubes to continue to increase dramatically.