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We would like to highlight Challenger Powerboat Inc. (OTCBB: CPBI). The company designs and manufactures high performance 'go fast' offshore racing boats, family sport cruisers, jet boats and water ski tow boats under the brands 'Challenger Powerboats', 'Sugar Sand' and 'Gekko', which target the recreational boating market. Proven world-class technology is incorporated into the manufacturing of Challenger’s award winning boats.
It’s another record month for Challenger Powerboat. Earlier this year the company developed an aggressive marketing and sales strategy and due to those efforts they are experiencing record demand for its line of boats and shipped 38 boats for the month of January. February has proven to be an even better month as the company has announced that it has shipped a record 48 boats in the month of February, ten more than the previous month.
Challenger CEO Laurie Phillips stated, “Coming on the heels of our record January, we are more than thrilled to report another record month of boat shipments. Our final February count could have been even higher but not for some weather related issues as well as backordered parts in our supply chain. Those particular boats will now be shipped with our March orders.”
She added, “It is encouraging to see growth in our jet boat and tow boat categories despite the macro economic environment. We believe that these two categories at the lower end of the market provide us with a solid hedge as recreational boaters are still seeking quality at fair pricing.”
Challenger Powerboats, Inc. designs and manufactures high performance ‘go fast’ offshore racing boats, family sport cruisers, jet boats and water ski tow boats which are sold through dealer networks in the United States, Canada, Mexico, Europe, Australia, the Middle East and Japan. Their fleet of boats includes the DDC 33 design by world renowned marine architect Harry Schoell, DDC 28 which is known for its high performance, Challenger Powerboats 250 FPS, Challenger Powerboats 252 FPS, Challenger Powerboats 302 FPSJ, and its newest boat, the PF30 Limited edition.
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