SOURCE: Latitude Industries, Inc.

June 11, 2008 16:30 ET

Latitude Industries, Inc. Announces Possible Buyout Interest

MIAMI, FL--(Marketwire - June 11, 2008) - Latitude Industries, Inc. (PINKSHEETS: LTDI), manufacturer of offshore high performance sport and center console quality-made boats, announced today that it has received interest from an international group regarding a possible buyout of Latitude Industries, Inc.

Through our extensive publicity, not only through national boat shows but also two recent features in Hot Boats Magazine, it appears that Latitude is really on the map. CEO Carolina Hernandez stated, "We were recently approached by an international group who is looking to burst into the US boating market. While we had not been considering selling the business, the interest we received has given us reason to listen."

As a publicly traded company, we have a duty to our shareholders to examine all offers and do the proper due diligence. Moving forward, management has reserved not to make any comments until it completes a thorough verification process both of the buying party and any buyout tender offer made. We look forward to informing shareholders as we get further along in the process.

About Latitude Industries

Latitude Industries is a manufacturer of high-quality, offshore sport fishing boats. The company's boats fuse innovative design with advanced lightweight 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. visit www.latitudepowerboats.com.

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.

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