SOURCE: Latitude Industries, Inc.

November 26, 2007 09:45 ET

LTDI Breaking News: Latitude Industries Generates Revenues Through Boat Shows

MIAMI, FL--(Marketwire - November 26, 2007) - Latitude Industries Inc. (PINKSHEETS: LTDI), a manufacturer of high-performance, center console powerboats, announces today that it has generated revenues from previous boats shows.

Palm Beach Boat Show generated $200,000.00 in sales, while Texas International Boat Show generated contracts for three of the Latitude 28 SS worth over $270,000.00, and finishing the year strong in Annapolis, Maryland with three more contracts worth in excess of $350,000.00 was a plus, now we are ready to once again begin the Boat Show circuit starting in Baltimore, Miami International, and back to Palm Beach, and Texas.

Jonathan Giner, Director of Marketing and Sales, added that a current trend in the recreational boating industry is positioning Latitude Powerboats to take advantage of the desire for a luxurious, high-end boat with greater performance. This anticipated increasing demand for luxury marine vehicles is partially attributable to the 78 million baby boomers that are reaching the age of maximum earning power (Source: IBIS World, Jan. 2006).

"We are committed to this industry and to our shareholders," said Carolina Hernandez, President and CEO. She added, "I'm convinced that we are going to make great strides toward making Latitude the powerboat of choice!"

About Latitude Industries

Latitude Industries is a manufacturer of high-quality, offshore sport fishing boats. The company's boats fuse innovative design with advanced light-weight composite materials that resist rot and decay and retain buoyancy under all conditions. Hand-laid fiberglass hulls offer the best of old world craftsmanship and new world technology. In addition, the company enhances the safety of its boats by using the latest lamination technology, creating a sturdy and durable hull that can handle the toughest sea conditions. Latitude Industries employs craftsmen with decades of industry experience at its headquarters in South Florida, the sport fishing capital of the world.

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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 Information

  • Contact:
    Carolina Hernandez
    President and CEO
    Ph: 305-758-BOAT (2628)