Replies to post #15824 on Water Technologies International Inc (WTII)

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Press Release Source: Latitude Industries, Inc.


Latitude Industries, Inc. Shareholder Update
Wednesday July 2, 7:00 am ET


MIAMI, FL--(MARKET WIRE)--Jul 2, 2008 -- Latitude Industries, Inc. (Other OTC:LTDI.PK - News), a manufacturer of high-performance, center console powerboats, would like to update current and prospective shareholders due to excessive phone calls, e-mails, and speculations in regards to the share structure.
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Latitude Powerboats' latest share structure has remained as follows: 1,979,767,839 shares outstanding with 1,347,408,357 shares free trading and 632,359,482 shares restricted.

"In the following week we will be updating and clarifying our shareholders in regards to Honda and the possible Buy Out status," said Orlando Hernandez, CEO of Latitude Powerboats.

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 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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We should find out what is taking or not taking place here. It will take all this to regenerate interest. There is no room for anything else than the buyout, there is no elbow room for a f/s, so either the buyout comes and creates the buying momentum or it doesn't occur, when things don't pan out as investors have hoped for with bigger and better ideas from the buyer, or the buyer takes it private or incorporates it into their private or public enterprise investors become awfully wary of future Pr's indicating another interested buyer, 2nd time around falls on deaf ears. Guess we have to wait it out a bit, but it shouldn't be with ongoing discussion that last for weeks or months. It will or won't happen. Retailers won't bite a second time around when we have all witnessed the decline in shareprice. We have to go back an take a look from the time of the announcement till the present to see what has occurred to the stock price. Its lost 2/3 of its value, which doesn't make sense if shareholders were holding out to see if the deal was gonna take place.........who else would be selling if not the retailers?