JMIH.OB Expansion plans...
On December 10, 2004 the Company entered into a Commercial Lease and Purchase Option (the "Agreement") with 3333 Aventura Realty Corporation for the lease and potential purchase of additional operating facilities. The Company has entered into the Agreement in an effort to expand its manufacturing and production capacity. Under the Agreement the Company has agreed to lease certain property and facilities in Florida for a term of one year at $14,500 per month. The facilities will provide the Company with approximately 50,000 square feet of additional manufacturing and production space.
http://biz.yahoo.com/e/050104/jmih.ob8-k.html
This expansion announcement seems to confirm the order increase announced 12-16-04
FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 16, 2004--Jupiter Marine International Holdings, Inc. (JMIH.OB), a leading manufacturer of high quality, semi-custom center console boats under the Jupiter(TM) brand name, announced today that it received orders for 12 new boats with an estimated retail value of approximately $2,000,000 during, and in the weeks subsequent to, its appearance at the 45th Annual Ft. Lauderdale International Boat Show. This year's show was held from October 28th to November 1st.
"The orders placed at this year's show were a record in terms of both the quantity of boats and estimated retail value," stated Carl Herndon, Jupiter Marine's President. "We believe that this reflects growing recognition of the Jupiter Marine brand."
http://biz.yahoo.com/bw/041216/165331_1.html
Looks like business is good !
Dick Milde