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Fountain Powerboats - Hits a Grand Slam at recent
Dealer meeting!!!
WASHINGTON NC - Amid rumors of marine industry leaders lowering
production, profit expectations and choking on high inventory levels Fountain
powerboats books over $15MIL in orders on top of a current backlog of 46+MIL.
Dealer sentiment was extremely high and the endorsement in Fountain's current
management and sales programs was validated by 75 orders on new products.
"Reflecting back on the dealer meeting I was so pleased at
what I saw, I came home and instructed my broker to buy a large block of stock
in Fountain Powerboats. I have been in business for over 30 years representing
other well known companies. I have attended over 100 dealer meetings and
conventions, but I have never before come away with such hope and enthusiasm
for the future. The world class style in which the dealer meeting was conducted
featuring fine food, great entertainment, as well as informative educational
seminars, and toped off with a great motivational speaker proved this to be a
truly well orchestrated event. My staff and I arrived back home motivated,
confident, and prepared to set high goals driven by our partnership with
Fountain Powerboats and ourselves. "
Robert Arcate
Mariner's Cove Marine Inc.
"Fountain is definitely the manufacturer to be doing business
with in today's environment, you guys have the whole package; product,
management and sales support. I'm glad to see a manufacturer who listens to
their dealers - You have what all dealers want to be part of and the history to
back it up!"
Mike Black, Owner - President
30+ year marine veteran
South Austin Marine, Austin Texas
"Our inventory levels are extremely low, an average of about
three boats per dealer. And with all the new products we have, things will only
get better. We set out several years ago to create a shortage of boats that
were in high demand and now with over 27 models of boats, we are there!"
Reggie Fountain President and CEO
Fountain Powerboats
"We have worked extremely hard to build the business infrastructure to not
only produce but also support an $80 MIL+ sales volume. We have come a long way
in the past few years and will continue to press ahead with new initiatives to
support our dealer network and customers. We are pleased to see our global
dealer network respond to the roll-out of our 2006 programs. Our backlog of
orders now soars to over $60 MIL to validate our customers endorsement to our
company's stability and direction. We still have our largest new order
opportunities in front of us with the upcoming boat shows in Ft. Lauderdale FL,
New York NY, and Miami FL. We are extremely bullish on the future and plan to
capitalize on every opportunity. We see the current environment as an
incredible opportunity and we intend to thrive while others are trying to
survive!"
David Knight
ExecutiveVice President
Fountain Powerboats
"I've
never seen such an upbeat
crowd, everything was
extremely positive and
dealers were definitely
ordering product. Dealers
and customers now see
that our massive investment
in efficient hull technology
is paying off. Customers
are looking closely
at fuel efficiency and
we are definitely in
the right place at the
right time!"
Gary Baltz
Vice President - Marketing
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