|
1.877.885.1650
|
 |
Z Yachts Inks
Distribution Deal with Challenger Offshore
Manufacturer New Partnership Allows Z Yachts to
Significantly Expand Product Offerings
Tuesday July 26, 7:00 am ET
ALPHARETTA, Ga.--(BUSINESS WIRE)--July 26,
2005--Z Yachts, Inc., a nationwide brokerage
company for recreational boats, has
partnered with Xtreme Companies, the
exclusive distributor manufacturer of the
Challenger line of boats, to serve as a
direct sales and distribution arm for
Challenger and Extreme's first responder
line of boats. Z Yachts has traditionally
focused on selling pre-owned boats, but the
new partnership will allow the company to
sell new boats directly from the
manufacturer to its retail customers. "This
contract allows us to expand into new boat
sales in multiple markets, thus increasing
the presence of the Z Yachts brand," said
James Weller, president of Z Yachts. "In
return, the partnership allows Z Yachts to
act as a ready-made sales network for
Challenger Offshore boats, giving the
manufacturer an active, national sales force
that is dealing with consumers shopping for
boats every single day. As we continue to
grow, we are constantly looking for
companies to complement our brand and we
feel that Challenger Offshore brings the
same dedication to quality and customer
satisfaction that we strive to achieve for
our customers and our shareholders."
As part of the new agreement, Z Yachts has
appointed a manufacturer representative to
work with Challenger Offshore. This
representative is responsible for working
directly with the manufacturer to ensure
correct listing specifications, warranty and
other relevant information about each boat,
while acting as a singular point of contact
with the manufacturer. Each broker in Z
Yachts' national network is able to market
and represent the brand in a local market,
but each sale will be coordinated through
the manufacturer representative to ensure
customer satisfaction in every aspect of the
sale. Z Yachts' agreement with Xtreme
Companies became effective on July 1, 2005.
Currently a privately held company, Z Yachts
is preparing the necessary paperwork for a
public offering. The company expects shares
to be trading by the first quarter of 2006.
About Challenger Offshore
The Challenger Offshore brand (www.challengeroffshore.com)
is produced by Xtreme Companies, based in
Washington, Mo. For more than two decades,
Challenger has worked to produce the best
high-performance boats in the industry.
Challenger boats, which have received
worldwide recognition, include
high-performance boats and a variety of
sport boats and family cruisers - open bows,
cuddies, deck boats, cabin cruisers, fishing
yachts.
About Xtreme Companies, Inc.
Xtreme Companies, Inc. is engaged in
manufacturing and marketing of
mission-specific Fire-Rescue and Patrol
boats used in emergency, surveillance and
defense deployments. The boats have been
marketed and sold directly to fire and
police departments, the U.S. Military and
coastal port authorities throughout the
United States.
About Z Yachts, Inc.
Founded in 2002, Z Yachts is a full service
marine brokerage currently operating in 17
states with pre-owned boats under listing
contract totaling more than $60 million. The
company maintains one of the largest levels
of listing inventory in the pre-owned marine
industry today and also sells related
products including several brands of new
boats and trailers, and charter services for
yachts in the Caribbean. Additionally, the
company arranges related boat financing,
insurance, extended service contracts and
USCG documentation services. With a network
of almost 50 brokers tasked with penetrating
local marine basins in their respective
areas, Z Yachts acquires new listings every
day and closes boat sales daily during
boating season. For additional information,
please visit www.zyachts.com.
Safe Harbor
This press release contains or may contain
forward-looking statements such as
statements regarding the Company's growth
and profitability, growth strategy,
liquidity and access to public markets,
operating expense reduction, and trends in
the industry in which the Company operates.
The forward-looking statements contained in
this press release are also subject to other
risks and uncertainties, including those
more fully described in the Company's
filings with the Securities and Exchange
Commission. The Company assumes no
obligation to update these forward-looking
statements to reflect actual results,
changes in risks, uncertainties or
assumptions underlying or affecting such
statements, or for prospective events that
may have a retroactive effect.
|
 |
