SOURCE: Latitude Industries Inc.

October 09, 2007 16:05 ET

LTDI Breaking News: Latitude Industries Signs an Agreement With Mercury Marine Worth Over $600,000.00

MIAMI, FL--(Marketwire - October 9, 2007) - Latitude Industries Inc. (PINKSHEETS: LTDI), a manufacturer of high-performance, center console powerboats, announces today that it has entered into an agreement with Mercury Marine to distribute their outboard engines.

Mercury Marine, with $2.3 Billion a year in sales, offers a wide variety of outboard engines from the Four Stroke Verado to the High Performance Optimax SX race engines of up to 300 horsepower, plus many additional high performance accessories.

Orlando Hernandez, COO of Latitude Powerboats, said this venture will allow Latitude Industries to enhance their sales and further cater to the high performance boating community by offering not only the best outboard motors in their class, but also 68 years of experience to back it up.

"Mercury Marine is committed to seeing companies like Latitude Powerboats (PINKSHEETS: LTDI) succeed in this market," said Nathan Holland, OEM Saltwater Business Manager.

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.

For more information about Latitude Industries Inc. or to Sign In for our bi-weekly corporate letter and boating tips visit www.latitudepowerboats.com.

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)