SOURCE: Gold River Productions

April 19, 2011 11:37 ET

Gold River Productions Inc. (GRPS-Pink Sheets) in Discussions With a Major Manufacturer With Its Technology

SALT LAKE CITY, UT--(Marketwire - Apr 19, 2011) - John Ohlin, President and Chief Executive Officer of Gold River Productions (PINKSHEETS: GRPS) Inc. commented today that "we have been in discussions with a major manufacturer in the marine industry regarding its technology and products.

"The initial market segment within the marine industry for GRPS will be in pontoon boat decks followed by house boat decks and walls. Currently, pontoon boat decking is made from marine plywood that is pieced together to cover the required area. The plywood used weighs approximately 3 lbs. per square foot and must be replaced on average, at ten year intervals. As multiple pieces of plywood are used, a large number of structural members must be used to support the deck.

"We will be able to provide our customers for this product with a one piece deck that weighs less than 1 lb. per square foot, requires fewer structural members, will never rot, and due to the weight savings will require less fuel to operate the water craft. Further, our pontoon boat deck panels will help the boat meet the Coast Guard requirements for floatation in a superior manner than any other material. All of these benefits will be available to our customers at little or no increase in total cost.

"Although much of the marine market has declined in recent times due to the economy, one major manufacturer reported to us that they had a 5% increase in 2010 in their pontoon boat products which had previously been selling at an annual volume of 45,000 units," Mr. Ohlin said.

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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

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    Mr. John Ohlin