Challenger Announces Record Boat Shipments in February
WASHINGTON, Mo., March 6 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. ('Challenger') (OTC Bulletin Board: CPBI), a manufacturer of powerboats, tow boats and water-jet powered sport boats announced that it shipped a record 48 boats in the month of February 2008.
Challenger CEO Laurie Phillips stated, 'Coming on the heels of our record January, we are more than thrilled to report another record month of boat shipments. Our final February count could have been even higher but not for some weather related issues as well as backordered parts in our supply chain. Those particular boats will now be shipped with our March orders.'
She added, 'It is encouraging to see growth in our jet boat and tow boat categories despite the macro economic environment. We believe that these two categories at the lower end of the market provide us with a solid hedge as recreational boaters are still seeking quality at fair pricing. The jet boat segment is one of the fastest growing sectors in the boating industry and we believe Sugar Sand is a best of breed product. The higher end of the market will be serviced by our new limited edition high performance Challenger-Pininfarina PF 36, where our targeted end user is indiscriminate with regard to pricing in exchange for luxury, power and style. The customer in this demographic may typically own or has owned a Ferrari or Maserati sports car of Pininfarina pedigree.'
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