SOURCE: Latitude Industries, Inc.

November 29, 2006 17:25 ET

Latitude Industries Inc. OTC LTDN Signs Joint Venture With Bombardier

MIAMI, FL -- (MARKET WIRE) -- November 29, 2006 -- Latitude Industries Inc. (LTD) (PINKSHEETS: LTDN), a manufacturer of Sports Fisherman and Center Console boats in Florida, announces the approval of Bombardier Recreational Product (BRP U.S) as an exclusive OEM outboard engines distributor.

Bombardier Recreational Product (BRP U.S) has approved Latitude Industries Inc. (LTDN) as an O.E.M power buyer for its outboard engines.

Latitude Industries Inc. (LTDN) has placed an order for model year 2006-2007 to Bombardier for 40 Outboard engines 200 HP or larger, that is more than 9000 combined horsepower all together putting us at the highest level of discount and cash incentives.

"We are starting the year strong with this program in place," says Carolina Hernandez, CEO for Latitude Industries Inc. (LTDN). "With buying power this big we are in for strong profitability for the 2007 model year."

Latitude Powerboats Inc. (LTDN) has been in business since 1998 manufacturing Offshore Sports Fishing boats from 26 to 51 feet including such big names like Midnight Express, Apache Powerboats, Newtech Marine, and Cigarette Powerboats.

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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