SOURCE: Latitude Industries, Inc.

June 07, 2007 06:30 ET

LTDI Breaking News: Latitude Announces $340,000.00 in Boat Sales for the 2nd Quarter of 2007

MIAMI, FL--(Marketwire - June 7, 2007) - Latitude Industries Inc. (PINKSHEETS: LTDI), a manufacturer of high-performance, center console powerboats, announces today that it has recorded sales of approximately $340,000.00 from previous boat shows.

"This has been a tremendous breakthrough for Latitude Powerboats. These orders have been generated from the Palm Beach and Texas International Boat Show along with various marketing strategies that have been implemented," stated Jonathan Giner, Director of Marketing and Sales.

Latitude CEO, Carolina Hernandez, said, "The exhibiting of the Latitude 28 SS and the 35 SS in the Palm Beach and Texas International Boat Show is beginning to have a quantifiable impact on sales. Considering that we are still working with many prospective customers as well as conducting sea trials on a weekly basis. As previously announced in the June 5th press release we will be exhibiting at the South Florida Boat Show June 8-11. We feel that this show will have an equal or greater impact on the company revenue for the third quarter of 2007."

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. For more information about Latitude Industries Inc. 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.

Contact Information

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