Challenger Power Boats (fka CPBI)

[VistaViewer]

NEWS: Challenger Powerboats Completes First Dealer Meeting Receiving $5.5 million in New Orders

WASHINGTON, Mo., Oct 02, 2007 10:03am

Challenger Powerboats, Inc. today announced that it held its first ever dealer meetings on September 11-12 at Chateau-on-the-Lake Resort at the Table Rock Lake in Branson, Missouri. Boat dealers had the opportunity experience first hand, the comfort and performance, and unique engineering of its world class designed boats. As a result of these meetings, Challenger received orders valued at approximately $5.5 million.

Challenger displayed its DDC line of boats built with the patented Duo Delta-Conic hull designed by world-renown marine architect Harry Schoell. The design incorporates two hulls (the structural body of the boat that rests in the water) to deliver a constant planing surface to enhance stability and handling. It also showcased its Family Performance Series of open bow boats with mid-cabins and its line of world class tow boats, the Gekko Revo and GT series, with the copyrighted, innovative hull design that delivers superior wakes shapes, excellent tracking and rocket-like acceleration. Finally, the Company exhibited the Sugar Sand line of water jet powered boat, for which it has the exclusive right to manufacture and market for Execute Sports Inc. Sugar Sand jet boats range from the 16.5 foot Tango that holds six people to its 23 foot Oasis that holds up to 10 people.

Commenting on the success of the dealer meeting, Challenger's president and CEO, Laurie Phillips, stated, "The management team of Challenger went through a reorganization last year and, as a result, did not conduct a dealer meeting, which is typically done annually, and can represent approximately 30% of a manufacturer's annual sales. Our two day event provided existing and new dealers with the opportunity to experience the quality and performance of our boats, first hand. We were thrilled with the feedback and responses we received from the dealers and extremely pleased with the results."
Ms. Phillips concluded, "In addition to our strategic drive to grow sales, we are concurrently working towards making our manufacturing operations more efficient to ensure we offer the highest quality boat available in the market at competitive prices. We are also enhancing our customer service effort to ensure that our dealer network and customers get a level of service and support that will enhance their experience with Challenger. Additionally, we also expect to introduce new, innovative products in the near future, utilizing our leading-edge engineering, that extend to a luxury class of cruisers."
About Challenger Powerboats, Inc.

Challenger Powerboats, Inc. designs and manufactures high performance 'go fast' offshore racing boats, family sport cruisers, jet boats and water ski tow boats under the brands 'Challenger Powerboats', 'Sugar Sand' and 'Gekko', which target the recreational boating market. Proven world-class technology is incorporated into the manufacturing of our award winning boats at the Company's 65,000 sq. ft. facility located on our 12 acre complex in Washington, Missouri and 80,000 sq. ft facility in Fargo, North Dakota. The Company's boats are sold through our dealer network in the United States, Canada, Mexico, Europe, Australia, the Middle East and Japan. In 2006, Gekko was selected as an official tow boat for the World Barefooting Championships, and the European Barefooting Championships in 2005.


About Execute Sports, Inc.
Based in Torrance, California, Execute Sports, Inc. develops performance products including wetsuits, vests, and rash guards for the action sports industry. The Company's brands include Execute Wetsuits, Vests, Accessories and Wakeskates. For more information, go to http://www.executesports.com.