CPWB(.04) Receives Orders for 53 of its Sugar Sand and Gekko Boats
Company has started shipping orders, which represent $1.4 million in sales
WASHINGTON, Mo., June 23 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. ('Challenger') (OTC Bulletin Board: CPWB) today announced that it has received orders for 36 Sugar Sand and 17 Gekko boats, some of which are in the process of being shipped. The Company's Sugar Sand line of jet driven boats, which uses the same propulsion techniques as jet fighters, range from the 14 foot Sting model to the 23 foot Oasis model, and are all designed for extreme water sports, speed or just leisure cruising. And because of their water jet engineering, the boats can be used in shallow water ways and are highly maneuverable, bringing their sports capabilities to the extreme. Challenger's Gekko innovative line of boats, engineered with the most advanced engineered aerospace technology and exceptional strength, range from 20 feet two inches to 23 feet three inches and offer Mercury powered, 315 horse powered engines (standard). Gekko's superior handling and performance are empowered by its patented keel-forward hull design that tames rough water.
Challenger's Sugar Sand line of boats includes the Sting (14 feet), the Tango Xtreme and the Tango Super Sport (both 16.5 feet), the Mirage and Mirage Fun and Fish (both 18 feet), the Calais (19.5 feet) and the Oasis (23 feet). Its jet-powered propulsion consumes less fuel, has no outdrive or transmission, resulting in 100% of the power going directly to driving velocity, minimal maintenance and easy operation.
Challenger's Gekko boats are a line of world class tow boats, built to deliver the smoothest ride and produce symmetrical wakes that are essential for water sports. Using its patented deep forward keel design, Gekko boats slice through the roughest water to eliminate spray and promote acceleration. The 2006 World Barefoot Championships chose Gekko as its pull boat, while its Gekko Rev 6.7 has become the standard for wakesurfing testing. Challenger's Gekko line includes the Revo 7.1 (23.25 feet), Revo 6.7 (22.17 feet), Revo 6.7i (22.17 feet), GTX22, GTR22 and GTO 22 (all 21.58 feet), and the GTS (20.17 feet), which all come with a 310 horse power PCM.
Challenger's president and CEO, Laurie Phillips, stated, 'The market is beginning to recognize the quality of our boats and their competitive price points. Our increased distribution effort is starting to have a positive impact on sales volume, and interest in our boat lines is growing both here and overseas.' Ms. Phillips, added, 'The Company's marketing advantages include quality, leading-edge engineering, and competitive cost of ownership. We believe these attributes are paramount to securing a critical mass in market share. Concurrent with our increased marketing and sales effort, we are in the process of heightening our cost management discipline in an attempt to maximize gross margins. In addition to increasing sales, we intend to expand gross margin to further our drive to profitability.'
