Marine Growth Ventures, Inc Announces Registration with State of Florida for Timeshare Sales
Company Executes on Longstanding Cruise Timeshare Business Plan
CAPE CANAVERAL, Fla., Aug 27, 2007 (BUSINESS WIRE) -- Marine Growth Ventures, Inc. ("MGV") (OTCBB: MGRW) a growth focused diversified marine holding company, announced that Marine Growth Canada, Ltd. and Marine Growth Finance & Charter, Inc. both wholly owned subsidiaries of MGV filed registration documents with the State of Florida in order to commence Timeshare sales on its M/V Pacific Aurora, a Canadian flagged vessel. Euro Oceans Company ("Euro") has commenced Timeshare sales.
Marine Growth Canada purchased the M/V Pacific Aurora in May, 2007 and completed its shipyard renovations in Vancouver, Canada.
"Sales efforts have now commenced aboard the 90 passenger cruise ship," said Barry Jones, President of Euro Oceans Company. "Euro is leading the marketing and sales activities for this Timeshare project. We are excited to get underway."
The M/V Pacific Aurora will cruise Canadian waters offering both summer and winter itineraries. Timeshare owners will enjoy seven day cruises for time periods of their choosing in some of the most exotic and beautiful marine areas in the world.
"I am delighted to enter the selling phase for this project in fulfillment of our longstanding business plan," said Tim Levensaler, Executive Vice President of Marine Growth Ventures, Inc. "It is an important milestone for our company which promises to provide a unique cruising experience to individual timeshare owners."
"The acquisition of the M/V Pacific Aurora firmly positioned our company in the business of providing time share at sea," said Craig Hodgkins, President and Chief Executive Officer of Marine Growth Ventures, Inc. "We expect our marketing of these units to accelerate in upcoming weeks."
"As we continue to execute on our longstanding timeshare business plan, we will begin to explore strategic and organic growth opportunities through our marine subsidiaries," said David Marks Chairman of Marine Growth Ventures, Inc.
About Marine Growth Ventures, Inc. (www.MarineGrowthVentures.com):
Marine Growth's mission is to find, develop, and place in service operating businesses related to our oceans; our vision is to build successful businesses while respecting and protecting our most important environmental resource - our oceans. Marine Growth Ventures seeks marine related opportunities in transportation, freight, aggregates, technology, energy, and homeland security.
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SOURCE: Marine Growth Ventures, Inc.
CONTACT: Marine Growth Ventures, Inc.
Media Relations:
Blois Olson, 651-221-1999
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(information via Pinksheets.com)