SAUSALITO -- The U.S. Consumer Product Safety Commission today announced Perfect Fitness has agreed to pay a $425,000 civil penalty relating to a defect in a prior version of its Perfect Pullup exercise device.

The commission voted 5-0 to provisionally approve the settlement agreement [download as a PDF]. In settling, Sausalito-based Perfect Fitness denies allegations that it knowingly violated federal law requiring immediate reporting -- within 24 hours -- of potentially hazardous product defects, according to the commission.

The agreement resolves staff allegations that the company knowingly failed to report a defect with the Perfect Pullup product that could cause the handles of the initial version in 2008 to break at an average weight of 158 pounds and exerciser to fall.

The company reported the defect in December 2010. By that time, the company had received 45 complaints of injury from handle breakage and 2,000 product-return requests. In March 2010, Perfect Fitness posted a notice on its website about free handle replacement. A recall was issued for 7,000 units in February of this year.

About 10,000 of the Perfect Pullup systems were sold for $80 to $100 in stores and online between January 2008 and when the company pulled the original product off the market that August, according to the commission document. The company had the product tested after receiving a complaint and about 2,000 requests for returns, concluded that June the product was defective and had redesigned the handles a month later.

The commission is seeking consumer input on the product via or its recall hotline, 800-638-2772.

[caption id="" align="alignnone" width="500" caption="Click the image to access the Perfect Fitness recall page."][/caption]