SOURCE: Gold River Productions, Inc.

June 27, 2011 09:10 ET

Gold River Productions Inc. (GRPS-Pink Sheets) Discusses Pontoon Boat Decks

SALT LAKE CITY, UT--(Marketwire - Jun 27, 2011) - John Ohlin, President and Chief Executive Officer of Gold River Productions Inc. (PINKSHEETS: GRPS), stated, "The marine industry declined in 2010 with the exception of the pontoon boat segment. Fiberglass boat sales in the fourth quarter of 2010 were off 26% in this quarter. However, the pontoon boat segment of the market had a 17.4% increase in May 2011 vs. May of 2010, according to industry news."

This bodes well for us as the pontoon boat decking portion of our business plan will be the first product off of the production line. There are 33 different brands of pontoon boats in the market as well as numerous sources of replacement parts which includes decking. The market for these products exceeded $1 billion in 2010, industry-wide. Further, our panels will greatly benefit the houseboat segment of the marine industry where we could reduce the overall weight of one of these water craft by 30%-40%. Our business plan calls for sales from the pontoon boat segment to exceed $15 million by the fifth year of business. We expect total sales from the marine and our patent pending P.V. solar roof segments to exceed $80 million in the same period. With our ability to reduce the weight of pontoon boats decking, house boats, utility trailers, towable R.V.s, horse trailers, and city delivery truck bodies by 30%-40%, which significantly lowers operating costs which only seem to get higher each year, our business in these market segments will provide wonderful growth in the years to come for our company and investors," Mr. Ohlin said.

For complete information on the Company please go to our web site www.atpanels.com

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financing and other risks.

Contact Information

  • Contact:
    Mr. John Ohlin
    President/CEO
    801-523-2744