SOURCE: Latitude Industries Inc.

February 09, 2007 16:15 ET

LTDN -- Breaking News: A Letter From the CEO of Latitude $4 Million Projected Sales for 2007

MIAMI, FL -- (MARKET WIRE) -- February 9, 2007 -- Latitude Industries Inc. (PINKSHEETS: LTDN), a manufacturer of high-quality sport fisherman and center console boats.

Letter from the President and CEO:

I am Carolina Hernandez, President and CEO of Latitude Industries. Latitude Industries is the manufacturer of Latitude Powerboats. We are a public trading company under the stock symbol LTDN.

We are proud to announce a major milestone accomplishment. These are exciting times for our company. As we embark on the launch of our new and re-designed 26 SS Offshore Center Console and the all new 33 Super Sports, with the completion of both boats ahead of schedule and ready to show at major Boat Shows around the nation. Having both boats completed before the ending of the First Quarter of 2007 gives us a great advantage for the summer boating season. The company has also retained Evensuns USA to establish our e-comments with a complete new website, brochures, and marketing pieces that will enable us to begin marketing and sales of both models in the first Quarter of 2007. We are projecting sales of 40 boats for this model year generating approx. $4 million dollars in revenues.

At this time I would like to personally thank all our past, present and future shareholders who have been and will be part of making the best boat company in the world. We hope that you are as proud as we to be part of this exciting company.

Once again thank you, and have a safe boating.

The link to the LTDN page is

Please visit our web site at or e-mail us at or call us at 305-758-BOAT.

About Latitude Industries

Latitude Industries is a manufacturer of high-quality, technically superior 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 employing 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

Safe Harbor Statement

This release contains 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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