Victory Marine Holdings Corp (VMHG)

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Excalibur Trailers USA, Corp, a Wholly Owned Subsidiary of VMHG, Receives Approval From SAE International to Build New Boat TrailersPress Release | 08/02/2018

MIAMI, Aug. 02, 2018 (GLOBE NEWSWIRE) -- Excalibur Trailers USA, a wholly-owned subsidiary of Victory Marine Holdings (OTCPK.VMHG), announced today that they received approval from SAE International (Society of Automotive Engineers) to build new custom trailers for recreational boats, as well as for commercial boat transport.

“We have received approval and designation from SAE to manufacture custom recreational boat trailers including utility trailers,” Orlando Hernandez, CEO of the parent company VMHG, said in a statement. “As we continue to push forward on our business plan, we are venturing into the marine aluminum trailer business with the creation of our new subsidiary Excalibur Trailers USA. We are seeing a growing opportunity in this sector due to the increasing demand for recreational boat trailers.”

A recent published article by the National Marine Manufacturers Association (NMMA) shows an ever increase in recreational boat sales for 2018, positioning us in the number one state in USA, Florida with powerboats, trailers and accessories sales topping almost $3 billion followed by Texas and Michigan.

Excalibur Trailers USA has filed the necessary paperwork to trademark their brand name and logo, also their website has commenced to take shape and the next task is to find a suitable manufacturing facility for their boat trailer in South Florida.

https://www.otcmarkets.com/stock/VMHG/news/Excalibur-Trailers-USA-Corp-a-Wholly-Owned-Subsidiary-of-VMHG-Receives-Approval-From-SAE-International-to-Build-New-Boat?id=199819