Xtreme! Initial ORDER!
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Xtreme Announces $1 Million Order From Wayton Marine International
MONDAY, FEBRUARY 13, 2006 7:01 AM
- PR Newswire
WASHINGTON, Mo., Feb 13, 2006 /PRNewswire-FirstCall via COMTEX/ -- Xtreme Companies, Inc. (XTME) today announced the receipt of a $1 million order from Texas-based Wayton Marine International. The purchase order is for 10 Challenger Z-Series boats.
Wayton Marine CEO Sean Wayton stated, "We are excited to be working with an organization that offers a world class product and look forward to expanding the Xtreme and Challenger presence throughout Texas."
Xtreme CEO Kevin Ryan added, "On behalf of Ron DiBartolo, we are thrilled to have the Wayton team on board as a major distributor and believe that given their reputation and the size of their initial order, we could not have partnered with anyone better to represent us in that region."
jetzt noch günstig rein... derzeit berlin 0,11 im bid
usa: 0,121 bei 442.233 !!!!!
sehen heute kurse leicht bei 0,14 - 0,15 usd
0,085 in Berlin .. ich denke jetzt ist ein guter Zeitpunkt für nen Einstieg
news werden kommen... geduld
schon + 15% in USA (RT 0,15) .. noch günstig in Berlin zu haben für 0,13
reiiiin!
top news..
Xtreme Companies Acquires Challenger Offshore for $4.3 Million
WASHINGTON, Mo., March 2 /PRNewswire-FirstCall/ -- Xtreme Companies, Inc. (OTC Bulletin Board: XTME) today announced the acquisition of 100% of the outstanding shares of semi-custom boat manufacturer Marine Holdings, Inc. d/b/a Challenger Offshore ('Challenger'). In exchange for $4.3 million in cash, Xtreme received the Challenger business and assets including its gross order backlog of $1.6 million, boat inventory, boat molds and real estate which includes Challenger's 65,000 square ft. boat manufacturing facility located on 12 acres in Washington, MO. The transaction was financed with conventional loans provided by a Missouri-based regional bank.
Xtreme CEO Kevin Ryan stated, "This is a watershed moment in Xtreme's short history. By acquiring Challenger, we have secured one of the truly up and coming brands in the commercial marine craft business today. One year ago, we commenced our partnership with Challenger by procuring the exclusive distribution rights to their entire marine line in exchange for stock, operational and expansion capital, and personnel. The relationship has proven to be extremely successful and rewarding for both parties. I believe we have delivered a tremendous opportunity for our investors and shareholders, that should produce significant short-term and long-term benefits."
Ron DiBartolo former President of Marine Holdings, Inc., commented, "Over the past twelve months, the Xtreme - Challenger partnership has blossomed and is now I believe poised to become a significant player in the commercial marine craft industry. Some of our recent achievements include: the addition of several key distributors and dealers, significant increase in sales orders, increases in production capacity, improvements in production inefficiencies and the continued success of our high performance racing boats on the national circuit including a victory at the high profile Florida Grand Prix, which was broadcast on Fox Sports." He added, "The foundation for the Company has been laid and I believe the future is a bright one."
Challenger also holds the exclusive rights to a revolutionary hull technology for boats 40 feet in length and under. The 'DDC' hull patent is the brain child of legendary designer Harry Schoell. The DDC design enables Challenger to produce extremely efficient hull shapes that out can perform its competitors by providing a stable and safe, high speed platform. The Challenger DDC hulls possesses superior capabilities in rough water and its design, combined with modern construction techniques enables boats to run faster in higher sea states.