SOURCE: Latitude Industries, Inc.

February 09, 2007 09:20 ET

LTDN Breaking News: Latitude Industries Enters Into Contract With Ohana Inc.

MIAMI, FL -- (MARKET WIRE) -- February 9, 2007 -- Latitude Industries Inc. (PINKSHEETS: LTDN), a manufacturer of high-quality offshore sport fisherman and center console boats, announced today that has officially retained Mike Riddering of Ohana Inc. to run their mechanical assembly line such as engines and electronics. This venture enables us to take advantage of Ohana's staff of experienced riggers who adhere to the highest standards of quality control.

Mike, a former general manager to Midnight Express, brings more that 20 years of experience in the boating industry. He has managed inventory, service, warranty claims, and large parts department for large-scale manufactures as Wellcraft, Mako, Stamas, and Trojan Yachts.

In a personal statement Mike noted that he has known the Hernandez family boat manufacturing expertise and dedication to quality craftsmanship in the industry and is pleased to be able to come on board this crew.

Latitude Industries President and CEO Carolina Hernandez said that, "Mike and his team of employees are dedicated to quality and passionate about their work. This venture creates a meaningful partnership between two companies who share the same commitment to building the finest boats in the industry."

About Latitude Industries

Latitude Industries is a manufacturer of high-quality, 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 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.

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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