Z Yachts, Inc.

Z Yachts, Inc.

August 09, 2005 10:47 ET

Z Yachts Expands Reach with New Contracts

ALPHARETTA, GEORGIA--(CCNMatthews - Aug. 9, 2005) -

New Partnerships Increase Inventory for Two Texas-Based Brokers

Two Texas brokers for Z Yachts, Inc., a nationwide brokerage company for recreational boats, have partnered with other marine companies to expand their inventories and services. First, Houston area Z Yachts Broker Arnie Cross has arranged a cooperative agreement with Beaumont, Texas-based Heritage Marine and Outdoors for the marketing and sale of both new and pre-owned boats. And in Dallas, Z Yachts Broker Sean Wayton has signed a signed a contract for his team to provide all brokerage and new boat sales at Flowing Wells Yacht Sales located on Lake Texoma.

"These two new agreements are great news for Z Yachts and for our customers," said James Weller, president of Z Yachts. "The opportunity to handle Heritage Marine's pre-owned inventory is very exciting as it allows both companies to do what they do best; our core business is pre-owned boats, while Heritage has been very successful in the new boat arena. The combination of the two strengths will really allow us to excel in the Houston area.

"And the Flowing Wells agreement is an excellent opportunity for our Dallas operation," Weller continued. "It gives Sean's team a greatly enhanced presence on the lake as well as added ability to list and market pre-owned inventory."

Z Yachts' agreement with Heritage Marine will become effective on September 1. Heritage Marine currently sells new World Cat, Pro-Line and Triton Boats. The deal marks an opportunity for both parties to grow, as Z Yachts will begin handling pre-owned, trade-in inventory for Heritage, as well as placing the Black Hawk line of boats at Heritage. (Z Yachts is the exclusive distributor for Black Hawk Boats). Because Heritage sees its core business as new boat sales, the addition of Blackhawk to its product line is a positive move, as it represents a high- speed offshore fisher to augment the World Cat and Pro-Line series.

In Dallas, the partnership with Flowing Wells is enhanced by the Sugar Sand jet boat line, Doral and Chaparral. As a member of the Z Yachts network, the Flowing Wells location will have in-water brokerage and new boat slips for both the Challenger Offshore and Black Hawk lines as well, as Z Yachts is the exclusive distributor for both. Flowing Wells is one of the premier resorts on Lake Texoma offering lake front cabins, week-end homes as well as a 210 slip full service marina.

Currently a privately held company, Z Yachts is preparing the necessary paperwork for a public offering. The company expects shares to be trading by the first quarter of 2006.

About Z Yachts, Inc.

Founded in 2002, Z Yachts is a full service marine brokerage currently operating in 17 states with pre-owned boats under listing contract totaling more than $60 million. The company maintains one of the largest levels of listing inventory in the pre-owned marine industry today and also sells related products including several brands of new boats and trailers, and charter services for yachts in the Caribbean. Additionally, the company arranges related boat financing, insurance, extended service contracts and USCG documentation services. With a network of almost 50 brokers tasked with penetrating local marine basins in their respective areas, Z Yachts acquires new listings every day and closes boat sales daily during boating season. For additional information, please visit www.zyachts.com.

Safe Harbor

This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

Contact Information

  • Z Yachts, Inc.
    James Weller
    1.877.885.1650 (FAX)
    3598 Old Milton Parkway
    Alpharetta, GA 30005, jweller@zyachts.com