LTDI News this AM :-) Chart looks very good IMO. Watching L2's prior to market opening this AM
Latitude Industries, Inc. Shareholder Update
MIAMI, FL--(Marketwire - May 16, 2008) - Latitude Industries, Inc. (PINKSHEETS: LTDI), a manufacturer of high-performance, center console powerboats, would like to update current and prospective shareholders of the current share structure as recently updated on Pink Sheets.
Latitude Industries' share structure as of May 15th, 2008 is as follows:
2,000,000,000 Authorized Shares
847,408,357 Shares Free Trading
500,000,000 Control Block in certificate form issued 5/8/08 under an escrow agreement
632,359,482 restricted shares
619,088,215 shares currently in CEDE as of May15, 2008 -- this number represents the float of LTDI.
Carolina Hernandez, the company's CEO, comments, "Management is very excited about the direction of the company and felt that it was important that all current and future investors receive accurate information. We are pleased to disclose that management has not sold any of its shareholdings.
"We are a fast growing company that is now moving into the national spotlight of the power boating industry. We affirm that we are on the right path to obtain the projected 6 million in yearly revenue figure given in a PR earlier this week."
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.
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