Challenger Power Boats (fka CPBI)

[dffhogs]

Is this the same company?


CHALLENGER POWERBTS (XCVA.DE)

http://finance.yahoo.com/q?s=XCVA.DE

[Screamer]

I contacted the author of this article for more information, and he forwarded this site to me: http://www.auctionmidwest.com/




Tom,
I haven't written anything about Challenger since then, but the case is still making its way slowly through the bankruptcy court. I've been on vacation for a couple of weeks and am not completely up to date, but the trustee is posting all legal notices at www.auctionmidwest.com .

Thanks for your interest.

David Nicklaus
Business columnist
St. Louis Post-Dispatch
Weblog: www.stltoday.com/moundcitymoney

From: xxxxxxxxxxxxxxxxxxx
Sent: Friday, August 01, 2008 1:49 PM
To: David Nicklaus
Subject: Challenger Powerboat

Sir,

Your informative June 8th article regarding Challenger Powerboats was much appreciated. Has there been any other information available since that time?

Disgruntled shareholder,

xxxxxxxxxxxxx

Naples, Fl

[dffhogs]

Very interesting, thanks for posting.

[Screamer]

St. Louis Post-Dispatch David Nicklaus column: Lawyers fish for answers from boat manufacturer

Sunday, June 08, 2008; Posted: 01:13 PM

Jun 08, 2008 (St. Louis Post-Dispatch

Jeff Gayer was driving a company truck, on his way back from delivering a boat to Washington state, when he learned that his employer was going under.

Gayer says Laurie Phillips, the chief executive of Challenger Powerboats, called him on Friday, April 18, to tell him he was terminated immediately.

"I said, 'That isn't going to work,'" recalled Gayer, Challenger's sales manager. "You can either pay me through Monday or I will park your truck at the Cheyenne, Wyoming, airport and fly home."

He ultimately got paid to drive to Challenger's offices in Washington, Mo., and clean out his desk the next Monday. The boat manufacturer filed for bankruptcy the next Friday, leaving millions of dollars in debts and several puzzling questions in its wake.

Gayer's biggest question concerns the gap between his team's boat sales and the company's financial performance. After a successful winter boat-show season that resulted in orders for 600 boats, he said, the company had 175 unfilled orders when it closed its doors.

Mark Overbye, a competitive water skier from Minnesota who sold his Gekko boat business to Challenger in January 2007, wonders how a seemingly successful company could get in trouble so quickly. "I find it absolutely staggering," he said. Overbye's immediate concern is whether he'll ever see the $250,000 he's owed from the sale.

At a meeting Wednesday in Bankruptcy Court, creditors' lawyers had questions, too. They grilled Phillips about Challenger's relationship with Dutchess Private Equities Fund, a Boston investment group that repeatedly provided the boat maker with loans convertible into Challenger stock.

Many of the questions concerned Challenger's sale last August of another boat brand, Sugar Sand, to Execute Sports of Torrance, Calif., which sells wet suits and other water-sports accessories.

Execute acquired the Sugar Sand trademarks and molds, and simultaneously hired Challenger to manufacture and market the boats. Operationally, nothing changed. When Challenger made and sold a boat, Phillips said, it was recorded as a sale to Execute, and Execute then technically sold the boat to the ultimate buyer.

What's piquing the interest of creditors' lawyers is the fact that this wasn't entirely an arms-length transaction. Dutchess was financing both Execute and Challenger, and it had at least two representatives on each company's board. Phillips -- remember, she is Challenger's CEO -- told the lawyers that terms of the $5 million deal were dictated to her by Michael Novielli, a Dutchess managing director who served as chairman of Challenger.

According to former employees, the Sugar Sand sale occurred as Challenger was suffering severe production problems. It moved Gekko production to Washington from Fargo, N.D., last summer, and Gayer says the Missouri plant delivered only one boat in three months.

The boats had quality problems even after production ramped up, former employees say. One dealer reportedly put a boat in the water only to watch it begin to sink. Another f-ueled up a boat and watched the gasoline leak out a hole in the tank.

"The talent to build the boats in Washington, for whatever reason, was not as good as the talent in Fargo," Gayer said.

As I've mentioned before, Challenger also had problems with its financial reporting. It miscounted the number of boats it sold in February and let its shares continue trading for a full day before reporting its bankruptcy to the Securities and Exchange Commission.

Was this just a gang that couldn't sail straight? Perhaps, but I'll wager that many more interesting questions will be asked as this bankruptcy progresses. With luck, people like Gayer and Overbye might even get some answers.

[Blind Bus Driver]

Challenger Powerboats files for Chapter 7

St. Louis Business Journal - by Patrick L. Thimangu
Friday, May 2, 2008

Challenger Powerboats Inc., a Washington, Mo.-based company that has struggled to remain afloat over the last three years, has sunk into bankruptcy.

Challenger filed for Chapter 7 liquidation in U.S. Bankruptcy Court in St. Louis on April 25. The company, which manufactures sports boats and high-powered speedboats, took the step after failing to meet "growing monthly obligations," according to court filings.

Challenger's bankruptcy filing came a day after Michael Novielli and Douglas Leighton, the company's majority shareholders through their investment firm Dutchess Capital Management LLC of Boston, quit as its only two remaining board members. Challenger's stock is listed on the over-the-counter bulletin board.

Calls to Novielli's office in New York and Leighton's office in Boston were not returned. Laurie Phillips, chief executive and chief financial officer of Challenger, did not return messages left at the company's headquarters. David Sosne and Bonnie Clair, who are attorneys at Clayton-based Summers, Compton, Well & Hamburg PC, which is representing Challenger in the bankruptcy, also did not return calls.

Challenger's demise comes three years after its predecessor company, Xtreme Cos. Inc., got into the high-end sport boat business by acquiring a 100 percent stake in Marine Holdings Inc. from St. Louis-area residents Ronald and Gailynn DiBartolo in a deal worth $4.3 million. Marine Holdings was the original maker of the Challenger Offshore line of sports boats. Xtreme changed its name to Challenger Powerboats Inc. in November 2006.

Bankruptcy court filings state that an entity affiliated with Dutchess Capital invested about $20 million in Challenger between September 2003 and October 2007. In all, Dutchess entities control nearly 99 percent of Challenger's stock, according to the company's annual report, filed April 15 with the Securities and Exchange Commission.

Despite that investment, Challenger never turned a profit. The company reported a loss of more than $4.6 million last year, on revenue of about $7.4 million, compared to a loss of $9.1 million in 2006 on revenue of about $238,000. The company had assets totaling $6.4 million and liabilities of $11.3 million at the end of 2007.


http://stlouis.bizjournals.com/stlouis/stories/2008/05/05/story13.html

[Blind Bus Driver]

Stock PPS now UP 1,373.68% on the day at .14

This gain sure looks great but I am bewildered as to what is going on here. Does anyone have any idea what might be driving this?

This company is currently in Bankruptcy Chapter7 which is liquidation. If it were in Chapter11 reorganization I might think this is a reasonable gamble from here, because it could eventually come out of BK in better shape and continue. But Chapter7 is the end of the company. It is going to be busted into pieces and sold off to cover the debts. There will be no follow on company and nothing left for the shareholders to own.

So does anyone have any ideas?

bbd

[Blind Bus Driver]

As of May14 Challenger Powerboats has changed its symbol...

...from CPBIQ to CPBQE

[Blind Bus Driver]

8K filed on April28

"BANKRUPTCY OR RECEIVERSHIP

On April 25, 2008, Challenger Powerboats, Inc. (“Challenger”), and its wholly-owned subsidiaries, IMAR Group, LLC (“IMAR”) and Marine Holdings, Inc. (“Marine”, together with IMAR and Challenger, the “Company”), each filed voluntary petitions for relief under of the Chapter 7 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Missouri, case numbers 08-42946-705, 08-42948-705 and 08-42950-705, respectively. Judge Rendlen has been assigned to the cases and the date jurisdiction was assumed is April 25, 2008. The bankruptcy trustee for all three entities is E. Rebecca Case and the date of her appointment is April 25, 2008.

In connection with the filings, the Company has ceased all business activity and operations. The Company believes that its assets will be insufficient to satisfy the claims of all creditors and it is unlikely that the Company's shareholders will be eligible to participate in any distributions of the Company's assets as a result of the Bankruptcy. Upon liquidation, the Company will cease operations and wind up its business."


http://knobias.10kwizard.com/filing.php?repo=tenk&ipage=5624976&doc=1&total=&back=2&g=&attach=on

[Screamer]

Reckoning Day is Monday.

[Screamer]

Challenger Announces Record Boat Shipments in February

WASHINGTON, Mo., March 6 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. ('Challenger') (OTC Bulletin Board: CPBI), a manufacturer of powerboats, tow boats and water-jet powered sport boats announced that it shipped a record 48 boats in the month of February 2008.

Challenger CEO Laurie Phillips stated, 'Coming on the heels of our record January, we are more than thrilled to report another record month of boat shipments. Our final February count could have been even higher but not for some weather related issues as well as backordered parts in our supply chain. Those particular boats will now be shipped with our March orders.'

She added, 'It is encouraging to see growth in our jet boat and tow boat categories despite the macro economic environment. We believe that these two categories at the lower end of the market provide us with a solid hedge as recreational boaters are still seeking quality at fair pricing. The jet boat segment is one of the fastest growing sectors in the boating industry and we believe Sugar Sand is a best of breed product. The higher end of the market will be serviced by our new limited edition high performance Challenger-Pininfarina PF 36, where our targeted end user is indiscriminate with regard to pricing in exchange for luxury, power and style. The customer in this demographic may typically own or has owned a Ferrari or Maserati sports car of Pininfarina pedigree.'

[Screamer]

Some interesting recent filings:


On February 5, 2008, our board of directors accepted a letter of resignation from Theodore Smith resigning his position as our Director and Treasurer.


On January 10, 2008, we entered into a Settlement Agreement with Kevin Ryan and Alicia Fox (collectively “Ryan”) pursuant to which litigation between us and Ryan in the United States District
Court for the Eastern District of Missouri was dismissed and all claims between us and Ryan were released.
Pursuant to the terms of the Settlement Agreement, we paid to Ryan $9,000, and in consideration for this payment, Ryan transferred to us 15,000 shares of our common stock, which were previously 300,000 shares prior to a 20 to 1 reverse split.


On January 21, 2008, we entered into a Settlement Agreement with Mike Thomas pursuant to which litigation between us and Mr. Thomas pending in Franklin County, Missouri and all claims between us were released. Pursuant to the terms of the Settlement Agreement, we and Mr. Thomas agreed to mutually release all claims arising out of the occurrences and events alleged in the litigation.


On February 20, 2008, we entered into a Separation Agreement and Release with Jack Clark, our Chief Operating Officer.
Pursuant to the terms of the Separation Agreement, effective February 20, 2008, Mr. Clark resigned his position as our Chief Operating Officer. Upon execution of the Separation Agreement, we paid Mr. Clark $7,476.92 in salary and accrued vacation pay. Further under the terms of the Separation Agreement, we agreed to pay Mr. Clark one month’s pay in two equal payments on March 14, 2008 and March 31, 2008.

[Screamer]

Challenger Receives Initial 14 Boat Orders From New 'Tier One' Dealer

WASHINGTON, Mo., Feb. 27 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. ('Challenger') (OTC Bulletin Board: CPBI), a manufacturer of powerboats, tow boats and water-jet powered sport boats, received an initial 4 boat order and then a follow on 10 boat order from Shawano, WI - based American Marine and Watersports, one of the largest independent boat dealers in the U.S.

Challenger CEO Laurie Phillips stated, 'Procuring 'tier one' dealers of American Marine's stature is important to our overall growth strategy given the potential degree of business which exists, upon our execution, delivery and performance to such high volume customers. We look forward to a long and rewarding relationship with them.'

[Screamer]

Ask just went from .60 to .75

Somethings brewing.

[Alyssa]

That would be great, and spring-summer is coming. I don't know why anything in this market game should shock me anymore, but when people were just letting their shares go at 25 cents, I was shocked still again! Ah, but it's always one of those bad-yet-good things!

(lol)

[Screamer]

And a follow-up PR with good news about the PF36 at the Miami Boatshow should give us a good bump here.

[Alyssa]

Challenger Ships Record 38 Boats for the Month of January

Feb 20, 2008 16:05:00 (ET)


WASHINGTON, Mo., Feb 20, 2008 /PRNewswire-FirstCall via COMTEX/ -- Challenger Powerboats, Inc. ("Challenger") (CPBI, Trade ), a manufacturer of powerboats, tow boats and water-jet powered sport boats, announced that it shipped a record 38 boats for the month of January.

Challenger Powerboats CEO Laurie Phillips stated, "Despite the current slower pace of growth within the industry, we are experiencing record demand, production, and shipments for all three lines, Sugar Sand, Gekko and Challenger. We believe this is a testament to the quality of our product offering as well as our aggressive marketing and sales strategy. This all comes without any penetration whatsoever yet into Florida, the number one recreational boating market in the U.S. We have recently embarked on a strategy to establish premier distribution channels within the Florida marketplace, and which we believe should add significantly to our current growth."

About Challenger Powerboats, Inc.

Challenger Powerboats, Inc. designs and manufactures high performance 'go fast' offshore racing boats, family sport cruisers, jet boats and water ski tow boats under the brands 'Challenger Powerboats', 'Sugar Sand' and 'Gekko', which target the recreational boating market. Proven world-class technology is incorporated into the manufacturing of our award winning boats at the Company's 65,000 sq. ft. facility located on our 12 acre complex in Washington, Missouri and 80,000 sq. ft facility in Fargo, North Dakota. The Company's boats are sold through our dealer network in the United States, Canada, Mexico, Europe, Australia, the Middle East and Japan. In 2006, Gekko was selected as an official tow boat for the World Barefooting Championships, and the European Barefooting Championships in 2005.

To find out more about Challenger Powerboats, Inc. (OTC Bulletin Board: CPWB) please visit http://www.challengerpowerboats.com , http://www.sugarsand.com , http://www.gekkosports.com or http://www.sec.gov to view the Company's public financial information and filings.

Forward-Looking Statements

This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.


Contact:
Michael Novielli
845-575-6770
for Challenger Powerboats, Inc.



SOURCE Challenger Powerboats, Inc.

[Screamer]

pf36:

http://www.challengerpowerboats.com/pf36.cfm

[VistaViewer]

It is interesting that the PPS made a nice move up a few days BEFORE the first of three PRs.

That is after a 2.5 month dry period with no news.

It could not be more obvious that someone was buying based on insider information.

That point is something worth remembering for future referrence.

All just my opinion...

VV

[VistaViewer]

Pininfarina Extra and Challenger Powerboats Announce the Unveiling of the PF 36 Limited Edition Luxury Powerboat

MIAMI, Feb 13, 2008 /PRNewswire via COMTEX/ -- Pininfarina Extra, the product and interior design arm of Italian design pioneers Pininfarina, in collaboration with US powerboat manufacturer, Challenger Powerboats, Inc., will launch the new and exclusive PF 36 Limited Edition Powerboat at the Miami International Boat Show on February 14th, 2008. The sleek vessel is designed with the technical attributes of Challenger's race-caliber powerboats, coupled with the revolutionary styling of Pininfarina, a name synonymous with the finest Italian sports cars, from Ferrari to Maserati.

On the eve of the much anticipated launch, Pininfarina Extra President and CEO, Paolo Pininfarina, said, "Working on this project, our goal was to design a prestigious sports boat in which the focus would be on freedom -- freedom to navigate a boat that combines the stunning beauty of avant-guard styling with the reliability and performance available from today's technologically advanced engineering. On the PF 36, sportiness and style blend to create unique and distinctive lines, in complete harmony with the nautical landscape."

Outstanding design and performance features of the 36' (11 meter) PF 36 Limited Edition include:

-- A Duo-Delta Conic hull design, which stealthily incorporates two hulls into one for the optimal stability, handling and speed.
-- Twin Mercury EU662sci and 662HP engines, 494 kW each -- the highest horsepower marine sterndrive engine available for sale in the EU.
-- A top speed of 90-95 MPH.
-- A fully loaded cabin outfitted with the latest Cantalupi LED RGB adjustable indirect lighting controlled by touch screen, flat screen TV, DVD and iPod ready sound system, a bar complete with sink/refrigerator and Dock Side air-conditioning, finished with luxury Pininfarina styled upholstery.
-- Pininfarina styled Bolster seats in the cockpit.
-- Electrically controlled Spoilers.

PF 36 Limited Edition lead designer and Pininfarina USA Vice President and Managing Director, Franco Lodato, said, "Performance, styling and innovation are the key points we wanted to express in the design of this boat. We approached these issues from a unique perspective and sought to re-think the whole experience around power boating. The result: a powerful, yet stylish ride."

With the introduction of the PF 36 into the American boat market, Pininfarina Extra seeks to infuse Italian style sensibility with the brute strength and expertise of American boat design, and follows Pininfarina Extra USA's celebrated success in private aviation and hotel design.

Ayesha Khan
954-527-3367
[e-mail]
Pininfarina USA

About Pininfarina Extra

Pininfarina Extra is a division of the Pininfarina Group, specializing in product and interior design, from yachts and private aircraft in the transportation industry to designs in the electronics, consumer, home and office, sport, and architecture and interiors industries. Based in Turin, Italy, Pininfarina Extra's US flagship office is in Ft. Lauderdale, Florida.

About Pininfarina Group

Founded in 1930, Pininfarina is known for its cutting-edge designs, primarily of sports cars, most notably Ferrari and Maserati. Headquartered in Turin, Italy, the Pininfarina Group employs more than 3,000 talented individuals throughout the world and has operations in Italy, France, Germany, Sweden, United States, Morocco and China.

[Screamer]

http://www.challengerpowerboats.com/whats_new.cfm


Website is updated.

[Screamer]

Challenger Powerboats to Exhibit at the Miami International Boat Show
Company to introduce new Pininfarina designed, high performance cruiser at show

WASHINGTON, Mo., Feb. 11 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. ('Challenger') (OTC Bulletin Board: CPBI), a manufacturer of powerboats, tow boats and water-jet powered sport boats, will exhibit its line of boats at the Miami International Boat Show, produced by the National Marine manufacturers Association, taking place February 14-18, which spans over three venues: the Miami Beach Convention Center, the Sea Isle Marina and Yachting Center and the Miamarina at Bayside.

The Company chose the site of the world's largest boat show to premiere its luxury, high performance cruiser created by the Italian design group, Pininfarina, the Challenger Limited Edition PF36. Pininfarina, most notably known for its unique designs of Ferrari and Maserati sport cars, as well as yachts and private jets, has designed a 36 foot boat, using Challenger's patented Duo-Delta Conic ('DDC') hull design, sleek carbon fiber architecture, twin Mercury 662 horse power engines and a luxuriously appointed cabin. Challenger will introduce its new model on VIP day (February 14) at booth 3781. Production of the Pininfarina designed boat will be limited to 25 boats during its introduction year and offered only at selected locations around the world.

Commenting on the event, Challenger's CEO, Laurie Phillips, said, 'Through our collaboration with Pininfarina, we have created a magnificent boat with sleek design elements, unique power configuration and carbon technology, to produce a rare experience in boating. We strategically chose the Miami International Boat Show to introduce our luxury, high performance cruiser because of the eclectic crowd of boat connoisseurs, sportsman and pleasure that it attracts from around the world. We believe boat lovers will equally recognize our boat for its matchless design and high performance capabilities -- a must own for the discerning buyer.

'The unique style of the boat, couple with our DDC hull, delivers smooth rides even in the roughest waters, while promoting ease of control at high speeds, in addition to looking incredible.'

Ms. Phillips added, 'We will also be displaying our world class line of tow boats marketed under the Gekko brand, the water-jet powered open bow cruisers of our Sugar Sand brand, and our off-shore, family performance series Challenger brand. Considering the significant rise in demand for our boats over the last six months, we're expecting a banner year for 2008. We are actually ramping up production to address increased demand and to ensure ample inventory for upcoming boat shows for our expanding dealer network. The addition of the Pininfarina boat is expected to contribute to our success this year. Since production of the Pininfarina will be limited in it introductory year, we intend to offer them in very limited quantity in strategic locations around the world to ensure that the boats will retain their distinguished identity and exclusivity in their respective geographic markets.'

The Miami International Boat Show is considered the 'greatest boat show in the world'. It will take place February 14-18, 2008. For more information on the show, visit: http://www.miamiboatshow.com.

[VistaViewer]

Challenger Powerboats Sets Strategic Initiatives for 2008, Company reviews key accomplishments of 2007

WASHINGTON, Mo., Feb 06, 2008 /PRNewswire-FirstCall via COMTEX/ -- Challenger Powerboats, Inc., a manufacturer of powerboats, tow boats and water-jet powered sport boats, announced its strategic initiatives for 2008 and summarized its key achievements for the past year.

Key achievements and events during 2007 include:

-- Acquisition of IMAR Group (Sugar Sand) and the assets and technology of Gekko Sports in January.

-- Posting $5.8 million of record revenue for the nine month period ended September 30, 2007 versus negative revenue for the same period 2006.

-- Major restructuring of the Company's balance sheet, whereby liabilities decreased by $19.4 million and equity increased by $15.1 million through September 30, 2007.

-- The Company's first ever dealer meeting held in September which yielded $4.5 million in new boat orders.

-- Partnership with world-renown Italian engineering design firm Pininfarina to create high end limited edition high performance boat series.

Challenger's CEO, Laurie Phillips, stated, "2007 was a milestone year for Challenger. Beginning with our acquisition of the IMAR Group and the assets and technology of Gekko Sports in January, we added two exciting boat brands, 'Sugar Sand' and 'Gekko' to our product offering. Additionally, we procured approximately $10 million of floor plan financing and expanded domestic and international distribution to over 130 dealers.

Though it has taken most of the year to fully integrate the acquisition, we believe 2008 will prove to be the breakout year for Challenger in terms of accelerated top and bottom line growth."

Strategic initiatives and goals for 2008:

-- Achieve a year-over-year total revenue growth of at least 100%, while improving gross margins to achieve or exceed industry average.

-- Achieve net profitability for the year.

-- Continue to expand international distribution channels to increase international sales to up to 20% of total sales to exploit foreign currency buying power.

-- Unveil the 36 foot Challenger- Pininfarina special edition performance prototype at the Miami Boat Show in February 2008.

-- Consider other strategic acquisitions that will support the company's profitability objective.

Ms. Phillips added, "We are restructuring our production operation to institute additional efficiency procedures in an effort to increase production. Our sales backlog is growing at a pace that requires a significant improvement in output. We are also reinforcing our customer relations effort and quality control to ensure that our dealers receive superior service. This will be supported by an updated company website." Ms. Phillips concluded, "Our ultimate objective is to continue the growth momentum that was instituted in 2007 to deliver profitability in 2008. We expect a strong reception to the new, high performance boats designed by Pininfarina, which should further our efforts to delivering solid earnings for this year."
About Challenger Powerboats, Inc.

Challenger Powerboats, Inc. designs and manufactures high performance 'go fast' offshore racing boats, family sport cruisers, jet boats and water ski tow boats under the brands 'Challenger Powerboats', 'Sugar Sand' and 'Gekko', which target the recreational boating market. Proven world-class technology is incorporated into the manufacturing of our award winning boats at the Company's 65,000 sq. ft. facility located on our 12 acre complex in Washington, Missouri and 80,000 sq. ft facility in Fargo, North Dakota. The Company's boats are sold through our dealer network in the United States, Canada, Mexico, Europe, Australia, the Middle East and Japan. In 2006, Gekko was selected as an official tow boat for the World Barefooting Championships, and the European Barefooting Championships in 2005.

[VistaViewer]

Up another 28.5% today.

I am guessing they have finally turned over their books to their accountants to prepare the next SEC filing. The results look good and some junior clerk is now buying on insider information.

"Whatever floats your boat...", as they say.

VV

[Screamer]

No news in 2 1/2 months.

Maybe something soon???


WASHINGTON, Mo., Oct. 3 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. ('Challenger') (OTC Bulletin Board: CPWB) today announced that it has engaged the services of Italian design group Pininfarina to create two boats in its high performance series. The Company unveiled illustrations of the newly designed boats during its annual dealer meeting last week and expects to have boats ready for delivery in early 2008. The redesigned boats will be 36 foot models.

[Screamer]

Don't know, but it's a nice change of pace. They even raised the bid. Good sign.

[VistaViewer]

Any ideas why the stock is up 60% today?

I don't see any PR or filing. And we're long overdue.

Could this be buying on insider info?

Just my opinion...

VV

[Screamer]

Since the split, the spread has purposely remained wide to halt anybody from buying or selling.

Anybody have any opinions why?

[Screamer]

In the past, Challenger has always pr'd upcoming boat shows, as they showed committment to marketing and sales. There has been absolutely no mention of ANY boatshows for the future.

Inquiries by e-mail have gone unanswered, something that has never happened in the past.

Something is not right here.

[VistaViewer]

Brand New 2007 Challenger DDC33 For Sale on eBay for $225K

From the many pictures and specs she looks like a very beautiful and impressive boat, inside and out:

http://cgi.ebay.com/ebaymotors/NEW-CHALLENGER-DDC33-TWIN-525-MERCS-84MPH-ON-GPS_W0QQitemZ270197349258

For most of us longs this may be as close as we can ever get to one of these. Take a look...

And Happy New Year...

VV

[VistaViewer]

It looked like someone really wanted out bad today.

I tried to snag 1000 at .35 with my standing AON GTC order.

I got filled at .25 just before it dropped to .24

I desperately tried to place annother order to buy more at .25 but before I could get the order sent the Ask went to .30

There were no more trades for the rest of the day.

If you look at the chart you will see that today's 18,650 shares was the Highest Volume Day going all the way back to Oct23. And the float is only about 3,964,000

http://stockcharts.com/h-sc/ui?s=CPBI&p=D&yr=0&mn=3&dy=0&id=p53361201987

Baring any bad news coming, I do believe this may be pre-staging for a pop sometime soon. Of course, I have been known to be wrong about these things.

I am a pre-Baby Boomer, so I have been retired for 5+ years. The mainstream of the Baby Group are just now retiring; MILLIONS of them. Plus I love boats and I own a boat. And I will be "in the martket" to buy a new boat next spring. I believe I am in a very large and rapidly expanding demographic consummer group. This can ONLY HELP this company over the next two years or more.

So, I think I will buy some more of this soon, as a long-term keeper.

Good Luck.

VV

[dffhogs]

You may have a point but I dont think there are any funds or money managers interested in this stock.

They should have never done the R/S without having enough material ready to PR to keep the price up. IMO, the only reason for them to R/S would be to uplist. They are no where near ready for that yet.

[Screamer]

No, but most funds and major money managers can’t buy a stock priced under a dime, but they can buy something above 50 cents. It's important that we stay close to .50

Crazy spread on the BxA. If I but 50 shares tomorrow it will jump from .24 to .52 instantly. I haven't figured that out yet.

[dffhogs]

Did you ask her why she did the R/S?

[Screamer]

She's good. 5 for 5 now. She usually answers within a week.

[dffhogs]

I am suprised you got an answer from the CEO. Have you ever contacted her before?

[Screamer]

Got an answer. It's old news.


Mr. xxxxxxxxxx,

Thank you for your interest in our company. The information was issued in a Challenger press release, as part of the overall results from our Sept dealer meeting.

Regards,
Laurie A. Phillips
President & CEO
Challenger Powerboats, Inc.

[dffhogs]

Not sure if you will get an answer but thanks for taking the time. If they respond, please post it.

Thanks again...

[Screamer]

i sent an e-mail requesting an answer. This veil of silence is getting annoying.

[dffhogs]

Damn good question...

[Screamer]

Big question: Why didn't Challenger PR this?



Execute Sports' Sugar Sand Jet Boat Division Receives Orders for 114 boats
Dec 14, 2007 7:00:00 AM
2007 PrimeNewswire, Inc.
ADVERTISEMENTView More AdsTORRANCE, Calif., Dec. 14, 2007 (PRIME NEWSWIRE) -- Execute Sports Inc. ("Execute") (OTCBB:EXCS), a company engaged in the design, manufacturing and sale of water sports products, today announced that its marketing agent, Challenger Powerboats Inc., has received orders for Execute's Sugar Sand line of boats totaling 114 boats or $2.4 million.

The orders were generated as a result of a dealer meeting organized by Challenger, which is an annual event, during which boat manufacturers display their new models to dealers and, normally, generate approximately 30 to 35 percent of annual sales. Sugar Sand boats, as well as Challenger's performance series line and tow boat line, were demonstrated during the two day event.

Geno Apicella, CEO of Execute Sports, said, "Challenger's dealer show was successful in generating an aggregate 430 orders for Sugar Sand, Gekko and Challenger boats. We are expecting increased demand for the Sugar Sand line as its dealers market their inventories at winter boat shows around the country and need to restock for the 2008 boating season. We are very encouraged by the dealer reception. Our marketing partner, Challenger, intends to expand its distribution in Europe, Central and South America and Asia over the coming months."

Execute's Sugar Sand line of jet driven boats use the same propulsion techniques as jet fighters. The boats range from the 14 foot Sting model to the 23 foot Oasis model, and are all designed for extreme water sports, speed or just leisure cruising. The boats can be used in shallow waterways and are highly maneuverable, bringing their sports capabilities to the extreme. In addition to the Sting and the Oasis, Execute's Sugar Sand line of boats also includes the Tango Xtreme and the Tango Super Sport (both 16.5 feet), the Mirage and Mirage Fun and Fish (both 18 feet), and the Calais (19.5 feet).

[VistaViewer]

dffhogs, This PR did not appear on my TDA streaming news thingy.

But the 10Q released the other day, did.

Go figure!

VV

[dffhogs]

You would think that this PR would have created some volume...

[Screamer]

Company announces the receipt of orders for 430 boats, including a 250 boat backlog, in front of introduction of new Pininfarina designed performance powerboats

WASHINGTON, Mo., Nov. 20 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. ('Challenger') (OTC Bulletin Board: CPBI), a manufacturer of powerboats, tow boats and water-jet powered sport boats, today filed its third quarter, ended September 30, 2007, financial results on SEC form 10-Q. The Company, which entered the recreational boat industry during the first quarter of this year, completed its first nine months with $5.8 million in revenue. In October, the Company was successful in converting $16.9 million in long-term debt it incurred during the development of its boat design technology and the acquisitions of International Marine and Recreation ('IMAR') Group, creators of the Sugar Line of water-jet powered boats, and Gekko Sports Corporation, into preferred equity. The Company also executed a reverse split of its shares of common stock resulting in 3,944,179 shares outstanding and 36,154,739 diluted shares.

Challenger conducted its first dealer meeting on September 11 and 12, during which it demonstrated the craftsmanship of its three boat line. As a result of the meetings and the continued expansion of its dealer network, the Company has received orders for 430 boats to date, with a backlog of 250 boat orders, and the Company continues to receive additional orders weekly, for delivery over the next several months. The Company is currently in full production in preparation for the upcoming winter boat shows, where dealers normally generate approximately 30% to 40% of their annual boat sales.

The Company is also scheduled to introduce its new Pininfarina designed boats during the first quarter of 2008. Pininfarina is a cutting-edge design company, most notably known for its designs of Ferrari and Maserati automobiles, as well as yachts and private jets. Pininfarina has designed two boats for Challenger: an open bow family performance boat and an offshore powerboat boat, both 36 feet long. Both boats will incorporate the patented revolutionary Duo Delta-Conic ('DDC') hull.

Laurie Phillips, Challenger's president and CEO, commented, 'We spent the first half of the year fine tuning our production operations and creating a critical mass of dealers and distributors. The order flow for all our lines of boats has maintained a steady growth since the dealer meetings, which was one of the first opportunities for us to demonstrate the quality of our Challenger boat line, especially the DDC line. Dealer response to our Gekko tow boats, considered the world's best tracking towboat, and our innovative water-jet powered Sugar Sand boats has exceeded our expectations. The production capacities of our Washington, Missouri and Fargo, North Dakota plants are equipped to handle significantly increased volume, while maintaining costs efficiencies and delivering exceptional quality. The company is positioned to have a strong 2008.'

[VistaViewer]

The 3rd Quarter 10Q has been released.

http://knobias.10kwizard.com/contents.php?ipage=5293017&repo=tenk&back=1

VV

[Screamer]

Prominent Boat Industry Veteran Joins Challenger Powerboats' Newly Formed Executive Advisory Committee


New committee member, Mike Phillips, has been instrumental in building three start-up boat manufacturers to worldwide prominence

WASHINGTON, Mo., Nov 06, 2007 /PRNewswire-FirstCall via COMTEX/ -- Challenger Powerboats, Inc. ("Challenger") (OTC Bulletin Board: CPBI) today announced that it has created an Executive Advisory Committee to assist its management team in the Company's expansion phase and the introduction of its soon to be introduced Pininfarina powerboat. The Executive Advisory Committee currently consists of three seasoned professionals, including Michael Phillips, a renowned powerboat industry authority who was instrumental in the creation and success of three prominent boat companies, Crownline Boats, Mariah Boats, and Celebrity Boats.
Mr. Phillips entered the boat manufacturing industry approximately 25 years ago when he joined Celebrity Boats, then a three year old company. During his six-year tenure with Celebrity, the company grew from a $9 million in revenue to $70 million, producing 6,000 boats, annually. He joined start-up boat manufacturer, Mariah Boats, in its third month of operations, and during its first years he focused on product design and engineering, marketing strategy and sales distribution. During Mariah's first year of operation, it shipped 600 boats to 70 dealers. Recognizing a similar opportunity, Mr. Phillips joined colleagues to found Crownline Boats. He authored the company's five year strategic plan and, over a ten year period, he was instrumental in developing Crownline into one of the largest powerboat manufacturers in the world, building and distributing over 33,000 boats to 150 dealers in the United States, Canada, South America and Europe and generating over $618 million in sales.

Mr. Phillips has served as a board member for the National Marine Manufacturers Association (NMMA) and for the National Association of Boat Manufacturers and was a sub-committee member of NMMA's Boat Show Committee. He received his Bachelor of Science degree from Cumberland College (Williamsburg, KY) and earned his masters degree from Xavier University (Xavier, OH).

Commenting on Michael Phillips' appointment and the formation of the committee, Challenger's president and CEO, Laurie Phillips (no relation to Michael Phillips), said, "Challenger is undergoing an impressive growth period, even though industry sales in general have moderated. The dealer meeting held in September was highly successful. With the new Pininfarina line set for introduction in early 2008 and increased sales in all our boat lines, Challenger, Gekko and Sugar Sand, the company's Board of Directors felt the addition of an Executive Advisory Committee would further ensure effective execution of our strategic plans."

Ms. Phillips concluded, "We are excited to include a boat industry executive with Mike Phillips' background on the committee. Mike has agreed to dedicate the time necessary at our plants in Washington, Missouri and Fargo, North Dakota to support our management team and assist in evaluating operations and strategic opportunities."

Michael Phillips added, "I first reviewed Challenger's operations over 18 months ago and recognized the quality and distinctive attributes of the boat line. The addition of Sugar Sand water jet powered boats and the well-known Gekko tow-boats made the business model even more compelling. I was delighted to be given the opportunity to again work with a boat company positioned to become a worldwide name in the boat industry, and look forward to working directly with Challenger's management team and its Board of Directors to realize the company's growth potential."

[Screamer]

I thought so too.

Pink Sheets/ Company info

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=cpbi


71,508,579 Divided by 20

[VistaViewer]

Screamer, That is a ridiculously LOW float.

Just curious where you got that number.

Also, note that the symbol on our forum title has been updated, Thanks to Matt. Moving right along...

Good Luck...

VV

[Screamer]

Outstanding Shares
3,575,429 as of Oct 31, 2007

[Screamer]

I would rather wait on any future investing until they tell us what the hell is going on.

[njshoregent]

Friends,

We finally have a few trades and the value has landed back in the $0.6 range. We have an amazing opportunity here with this stock. The market cap is low, and the company will do well. The Miami boat show in Feb will set the stage. Hopefully they will have the Pinninfarina boat ready!! This stock sees $1 by then! IMO