NCVM NEWS Nova Communications Introduces Jet-Powered Personal Watercraft -- X Board
05:00 EDT Monday, September 27, 2004
TORRANCE, Calif. (Business Wire) -- Nova Communications Ltd. (OTCBB:NCVM) today introduced a new personal watercraft product to be known as the X Board. A jet-powered watercraft that is shaped like a surfboard but powered by a jet propelled engine, X Board allows riders of all skill levels to experience the exhilaration of surfing anywhere, anytime. Photos and more information are available at the Company's web site (www.NCVM.net).
X Board was developed by Nova's majority-owned subsidiary, Aqua Xtremes Inc., a four-year-old Nevada corporate entity. Water sports enthusiasts worldwide have been waiting for a motorized board that brings the freedom of surfing to their playgrounds on lakes and rivers. The X Board design team has responded with a revolutionary jet-powered surfboard that combines innovative hull design and a powerful, EPA conforming engine.
Ken Owen, Nova Communications CEO, commented, "After having invested a great deal of energy in the personal watercraft industry over the last several quarters, we are proud to introduce our own Xtreme personal watercraft product, X Board, the ultimate water sports-riding machine."
X Board will be launched at the world's largest boat show in Ft. Lauderdale, Fla., on October 28. It is on schedule for full production in early 2005 and will be available to leading boat and watercraft dealers across North America and internationally. It is priced competitively with personal watercraft and will be available to demo at major resorts and water sport rental services.
Concurrently, Nova announced that the timeline has expired to close the merger with PowerSki International, and that the companies at this time do not plan to close the merger as outlined in the previously executed Memorandum of Understanding.
Learn More About Nova's X Board
To learn more about X Board, please visit www.NCVM.net. Additionally, investors and media are encouraged to sign up for the free company newsletter that will provide updates on news, Company developments, and periodic shareholder updates from Nova CEO Ken Owen.
Cautionary Statement for the Purpose of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:
Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the telecommunications industry, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
Nova Communications has and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on Nova Communication's results of operations and financial condition. However, no assurances can be given that Nova Communications will be successful in these efforts.
Company Reporter, Inc.
Mike Long, 281-565-5983
mike@companyreporter.com
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