SOURCE: Latitude Industries Inc.

September 06, 2007 08:30 ET

LTDI Breaking News: Bombardier (BRP) Renews OEM Contract With Latitude Powerboats Worth Over $500,000.00

MIAMI, FL--(Marketwire - September 6, 2007) - Latitude Industries Inc. (PINKSHEETS: LTDI), a manufacturer of high-performance, center console powerboats, announces today that it has renewed its OEM contract with Bombardier (BRP) US for the 2008 model year.

After a successful 2007 engagement with Bombardier, they are ready to tie the knot once again and further secure the association between the two companies.

Bombardier Recreational Products (BRP) US has approved Latitude Industries Incorporated (LTDI) as an OEM power buyer for its outboard engines.

Latitude Industries Inc. (PINKSHEETS: LTDI) has placed an order for model year 2007-2008 to Bombardier for 60 Outboard engines of 200 HP or larger, which is more than 14,000 combined horsepower, putting us at the highest level of discount and cash incentives.

"By effecting this program we are starting the new model year stronger than ever," says Carolina Hernandez, CEO for Latitude Industries Inc. She further added, "With buying power this big, we are in for great profitability for 2008."

About Latitude Industries

Latitude Industries is a manufacturer of high-quality, offshore sport fishing boats. The company's boats fuse innovative design with advanced light-weight 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.

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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.

Contact Information

  • Contact:
    Carolina Hernandez
    President and CEO
    Ph: 305-758-BOAT (2628)