SOURCE: Latitude Industries Inc.

February 07, 2007 09:45 ET

LTDN Breaking News: Latitude Industries Hires Former Cigarette Racing Team Plan Manager

MIAMI, FL -- (MARKET WIRE) -- February 7, 2007 -- Latitude Industries Inc. (PINKSHEETS: LTDN), a manufacturer of high-quality, Offshore Sport Fisherman and Center Console boats, announced today that Raul Pena has been appointed plan manager. Mr. Pena will report to Chief Executive Officer Carolina Hernandez.

Mr. Pena, based at the company's Miami headquarters, will oversee the daily operations of boat laminations as well as human resources for the company's craftsmen and laborers.

"We are excited to add Raul's impressive experience and knowledge to our team," Hernandez said. "He is a master craftsman and carpenter with over 30 years of experience on the production side of our business. He has assembled one of the best production teams in the industry, improving our production, and quality control that will enable us to market and enhance the quality of the Latitude brand."

Pena has served in key production roles with some of the biggest names in the industry, including Cigarette Racing Co., Tempest Marine and Apache. "I am excited to join a company driven to meet the highest quality standards," Pena said. "We are dedicated to building state-of-the-art boats using the latest composite materials." In a personal statement Mr. Pena added, "Latitude produces boats built to last a lifetime."

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 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.

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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