LTDI News Latitude Industries, Inc. Exceeds $600,000.00 in P...
Wednesday, May 14, 2008 10:30 AM
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News for 'LTDI' - (Latitude Industries, Inc. Exceeds $600,000.00 in Powerboat Sales Since January 1; Projects Total 2008 Revenues of $6 Million)
MIAMI, FL, May 14, 2008 (MARKET WIRE via COMTEX) -- Latitude Industries, Inc.
(PINKSHEETS: LTDI), a manufacturer of high-performance, center console
powerboats, is pleased to announce that it has recorded sales of approximately
$600,000.00 since January 1, 2008.
"This is an increase of almost fifty percent from last year's sales during the
same period. These sales have been generated from the Miami International Boat
Show and Texas International Boat Show along with various marketing strategies
that are currently being implemented throughout the nation," stated Jonathan
Giner, Director of Marketing and Sales.
Latitude Industries will be presenting their Latitude 28ss and Latitude 35ss at
the upcoming South Florida Boat Show, June 13th-16th, 2008, at the Miami Beach
Convention Center.
Latitude CEO Carolina Hernandez said, "We feel the South Florida show will have
a greater impact on the company's revenue than previous shows. The hottest
boat-buying season is now upon us and Latitude is busting onto the scene full
force. Having built 40 powerboats for the U.S. Homeland Security has not only
given us a platform to showcase our boats, it has also established our
credibility as one of the finest powerboat builders in the world. Powerboat
enthusiasts are sitting up and taking notice that Latitude is a powerful force
within the multi-billion dollar powerboating industry. Based on current orders
and the demand that we're receiving from boat shows and favorable press like the
Hot Boat Magazine feature, we are conservatively setting a projection of
achieving $6 million in revenue for 2008."
About Latitude Industries
Latitude Industries, Inc. was founded by the Hernandez family in December of
1995 under Stealth Marine Inc.; the company built more than 30 boats between
1995 and 1998. In 1998, a joint venture between Midnight Express and Navigator
Powerboats, a subsidiary of Latitude Industries, Inc., was founded to build the
39' and the 37' Wide Body Midnight Express. Since 1998 to the present, we have
built more than 200 boats.
This venture led to a government contract to build more than 40 Midnight Express
39' Center Consoles for the U.S. Customs and Homeland Security to patrol the
coast of the United States, the Caribbean, and the Gulf of Mexico.
Forward-Looking Statements
This release contains forward-looking statements, including, without limitation,
statements concerning our business and possible or assumed future results of
operations. Our actual results could differ materially from those anticipated in
the forward-looking statements for many reasons including: our ability to
continue as a going concern, adverse economic changes affecting markets we
serve; competition in our markets and industry segments; our timing and the
profitability of entering new markets; greater than expected costs, customer
acceptance of our products or difficulties related to our integration of the
businesses we may acquire; and other risks and uncertainties as may be detailed
from time to time in our public announcements and SEC filings. Although we
believe the expectations reflected in the forward-looking statements are
reasonable, they relate only to events as of the date on which the statements
are made, and our future results, levels of activity, performance or
achievements may not meet these expectations. We do not intend to update any of
the forward-looking statements after the date of this document to conform these
statements to actual results or to changes in our expectations, except as
required by law.
Contact:
Carolina Hernandez
President and CEO
Telephone: 305-758-BOAT (2628)
SOURCE: Latitude Industries, Inc.
Copyright 2008 Market Wire, All rights reserved.
-0-
SUBJECT CODE: Aerospace and Defense:Marinecraft
Lifestyle and Leisure:Recreation
Automotive:Other passenger vehicles
Source: Comtex Wall Street News
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