Xtreme Posts Record Revenue for 4th Quarter & FY 2005
Friday April 14, 6:32 pm ET
WASHINGTON, Mo., April 14 /PRNewswire-FirstCall/ -- Xtreme Companies, Inc. (OTC Bulletin Board: XTME - News) today announced record revenue for both the fourth quarter and full year 2005. Revenue for both the three month and twelve month periods ended December 31, 2005 was $828,655 and $1,783,626 respectively, a significant increase vs. $53,860 and $164,712 for the same periods in 2004. Net loss for both the three month and twelve month periods ended December 31, 2005 was (.02) and (.14) per share respectively vs. (.02) and (.21) for the same periods in 2004. The Company's complete results can be viewed on its Form 10-KSB by visiting www.sec.gov.
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Xtreme CEO Kevin Ryan stated, "Although 2005 was a year of significant transition, I am pleased that we could still report to our shareholders a year of record top line growth. Additionally, having officially closed on the Challenger acquisition in March, we will look to further those gains in 2006, as well as continuing to focus aggressively on increasing our production efficiency which we believe will assist us in achieving positive cash flow and profitability over the intermediate term."
About Xtreme Companies, Inc.
Xtreme Companies, Inc. produces first responder Fire-Rescue and Patrol boats used in emergency, surveillance and defense deployments as well as commercial semi-custom fiberglass boats of 19' to 97' in length, which include leisure, high performance, fishing and motor yachts under the 'Challenger Offshore' brand. Internationally known boat racer and designer Don Aronow, credited as being the architect of the performance boat industry, along with Harry Schoell, world-renowned marine engineer, designed and created some of the hull technologies today used by Challenger Offshore.
Xtreme also holds the exclusive rights to the revolutionary DDC hull for boats up to 40 feet in length. The DDC hull is a patented revolutionary design which incorporates two hulls into one, resulting in a constant planning surface enhancing stability and generating greater transom lift. This enables the hull to run faster in rougher seas while providing a dry, safe and comfortable ride.
For more information you may visit www.xtremecos.com and www.challengeroffshore.com. Xtreme's public financial information and filings can be viewed at www.sec.gov.
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