SOURCE: Latitude Industries Inc.

February 26, 2007 09:20 ET

LTDN: Breaking News: Latitude Has Received a "Buy" Rating by Beacon Equity Research Senior Analyst, Lisa Springer CFA

MIAMI, FL -- (MARKET WIRE) -- February 26, 2007 -- Latitude Industries Inc. (PINKSHEETS: LTDN), an innovative manufacturer of high quality Offshore Sports Fisherman and Center Console boats in Florida, announces today the "BUY" rating from a third party consulting and research company.

In the report, the analyst writes, "Latitude Industries and its wholly owned subsidiary, Latitude Powerboats, is an innovative manufacturer of high quality 26' to 51' foot offshore sport fishing boats. The Company, headquartered in South Florida, fuses innovation with highly advanced composite materials that resist rot and decay. Latitude's boats feature hand-laid fiberglass, which gives the buyer old world craftsmanship mixed with the latest advances in technology. In addition to the company's craftsmanship, Latitude uses the most advanced lamination technologies to fortify the hulls against rough sea conditions.

"The Company anticipates a significant ramp-up in 2007 sales as a result of the introduction of new boat models, an enhanced ability to produce larger boats and success in securing Homeland Security-related work orders. Latitude built 40 patrol boats for US Homeland Security on behalf of Midnight Express Boats and is being invited to bid on additional Homeland Security contracts from other countries as well.

"Latitude produced 1.0% net margins in fiscal 2006 on revenues of $0.7 million. We expect the Company to post significantly improved net profit margins in fiscal 2007 as a result of economies of scale achieved on the expanded revenue base. Net profit margins for the recreational boats peer group range from a high of 8.0% for Marine Product Group to lows of 2.0% for Brunswick Corp. and Fountain Powerboat."

Beacon Equity Research Rating and Market Data

Symbol                                                LTDN
Exchange                                              OTC.PK
Current Price                                         $0.12
Price Target                                          $0.37
Rating                                                Speculative Buy
Outstanding Shares                                    79,830,000
Market Cap                                            $9.6 Million
Average 50-Days                                       229,200
Beacon Equity Research Rating Disclosure

The analysts contributing to this report do not hold any shares of Latitude Industries (LTDN). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research ("Beacon") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon has directly been compensated six thousand dollars by a no controlling third party for enrollment of Latitude Industries in its research program. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.

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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