SOURCE: Latitude Industries Inc.

November 30, 2006 16:27 ET

Latitude Industries Inc. OTC LTDN Begins Building the 26.5 Latitude Powerboat

MIAMI, FL -- (MARKET WIRE) -- November 30, 2006 -- Latitude Industries Inc. (PINKSHEETS: LTDN), a manufacturer of Sports Fisherman and Center Console boats in Florida, announces the beginning of its first 26.5 Center Console Open Fisherman vessel.

Latitude and its principals are extremely excited about the launch of our 26.5 Center Console. This vessel puts the company in a unique situation where the company will compete in the largest sector of boating.

The 18 ft to 33 ft category of Center Consoles makes up roughly 68% of all boats sold in the U.S.

It is an estimated 2 billion dollars a year market in the U.S. only.

The vessel will come with a 10 yr warranty on the lamination.

The vessel will be available in all marine gelcot colors.

Mercury, Evenrude and Yamaha engines available at client request.

The company has started taking orders.

Any present or future shareholders and customers are welcome to stop by our manufacturing facility.

To place your order, please contact Orlando Hernandez at Latitude Powerboats.

About Latitude Industries Inc.

Latitude Industries is an innovator and manufacturer of high quality Offshore Sport Fishing Boats. We characterize in cutting-edge design and technology to build the most advanced sport Fishing Boats in the market.

Through this unique fusion of technology and craftsmanship, the company, Latitude Industries, will utilize the most advanced composite materials and epoxies in the market to distance itself from the ordinary lamination that the rest of the industry uses.

The company's strength lies in the Fifty (50) plus years of hands-on experience that the principals and the skillful craftsmen that run our plant bring. Together with the close ties that we have developed through the years with direct lenders like Gulf Capital, floor plan financiers like GE Capital, and Government contracts with over Forty (40) boats built for Homeland Security to patrol our national and international interest, we are proud to say that we are ready to excel and conquer this present and future market.

Respectfully yours
Carolina Hernandez
President & CEO

Included in this release are certain "forward-looking" statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Latitude Industries Inc. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending, Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Latitude Industries Inc. do not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law.

Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.

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