Xtreme Companies Changes Name to Challenger Powerboats, Inc.; New Ticker Symbol 'CPWB'
WASHINGTON, Mo., Nov 21 /PRNewswire-FirstCall/ -- Xtreme Companies, Inc. (OTC Bulletin Board: XTME) announced today that shareholders have approved a corporate name change to Challenger Powerboats, Inc. This signals a new beginning for the organization which has completed a sweeping corporate restructuring and a successful integration of Marine Holdings, Inc., which it acquired earlier this year. The Company will begin trading under its new ticker symbol 'CPWB' beginning on Tuesday, November 21, 2006.
Challenger CEO Laurie Phillips stated, 'As a result of winding down the old fire-rescue and patrol boat business, and focusing on our core business, we believe that the name Xtreme is no longer indicative of who we are as an organization. This combined with our fresh approach and new direction, was the right time to introduce Challenger Powerboats to reinforce our commitment to this long-term strategy.'
About Challenger Powerboats, Inc.
Challenger Powerboats, Inc., produces high end, semi-custom fiberglass sport cruiser and high performance boats. Challenger 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 by world-renowned marine designer Harry Schoell, 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 more comfortable ride.
AI
