SOURCE: Latitude Industries, Inc.

November 30, 2007 09:45 ET

LTDI Breaking News: Latitude Industries Is Launching a New Entry-Level Model for 2008

MIAMI, FL--(Marketwire - November 30, 2007) - Latitude Industries Inc. (PINKSHEETS: LTDI), a manufacturer of high-performance center console powerboats, is pleased to announce today that it has completed the first phase of the new 23 Latitude center console.

The new Latitude 23 "Cabriolet," with an in-house design to accommodate the needs and requests of the multitude of followers the Latitude has inherited through the years, is more of a bay boat with offshore performance capability.

The Latitude 23 Cabriolet is on track to be unveiled at the Miami Boat Show in February and is expected to be available to the public beginning in April 2008. The newest boat will share some of the same innovative construction and performance characteristics as the Latitude 28 and 35 SS. Plug work on the 23's hull has been completed and the deck plug is currently under construction.

"The completion of this new model will position Latitude to attract entry-level buyers that eventually will grow in to the larger models that we currently build," stated Carolina Hernandez, President and CEO of Latitude Powerboats Inc.

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)