SOURCE: Latitude Industries, Inc.

October 03, 2007 16:05 ET

LTDI Breaking News: Latitude Powerboats Makes Key Appointment

MIAMI, FL--(Marketwire - October 3, 2007) - Latitude Industries, Inc. (PINKSHEETS: LTDI), a manufacturer of high-performance, center console powerboats, announces today the appointment of Orlando Hernandez as Chief Operating Officer.

Mr. Hernandez will be responsible for managing the day to day operation and the company's investments in manufacturing and product development, as well as head advisor to the board of directors.

"Luring my husband in was not an easy task," expressed the family-oriented Carolina Hernandez, President and CEO of Latitude Powerboats. "Although Orlando has been involved in the development and structure of Latitude Powerboats from its inception, his many other business ventures and obligations did not allow him to come aboard full time. Now he's totally committed to the progress of our growing company."

Prior to joining Latitude, Mr. Hernandez was part owner and General Manager of Oceanika Yachts USA, a multimillion dollar dealership for Regal, Pursuit, Caravelle, and Nautic Star Boats. He is also the president of Navigator International Yacht Sales and has served in many managerial positions since 1990, when he started his career with Champion Marine, the world's largest Wellcraft and Cigarette dealer.

Mr. Hernandez stated, "I'm excited and eager to put into motion my 17 years of experience and knowledge of the industry and to assist in the development of this rising and promising company."

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)