ATLANTA, March 10, 2005 (PRIMEZONE) -- Market Pulse News Alert for this AM, Stocks to Watch are: Xtreme Companies, Inc. (OTCBB:XTME), Streicher Mobile Fueling Inc. (Nasdaq:FUEL), Retek Inc. (Nasdaq:RETK), and Comtech Telecommunications Corp. (Nasdaq:CMTL).
Investors need to be watching Xtreme Companies, Inc. (OTCBB:XTME) this AM! XTME is engaged in the manufacturing and marketing of mission-specific fire and rescue boats used in emergency, surveillance and defense deployments. Xtreme's boats have been marketed and sold directly to fire and police departments, the U.S. Military and coastal port authorities throughout the U.S. By combining proven, innovative designs with power, safety, handling and stability, XTME produces invaluable boats designed to protect and save lives. XTME is in a position to capture a large portion of the rapid response, fire, rescue and patrol boat share of the market. XTME had excellent news out after yesterday's bell announcing a multi-million dollar distribution agreement with Challenger Offshore! Investors should be watching this one closely!
Xtreme Companies, Inc. (OTCBB:XTME) announced that it has acquired the exclusive marketing and distribution rights from Marine Holdings, Inc. (MHI) d/b/a Challenger Offshore, for their semi-custom "CHALLENGER" line of fiberglass boats. MHI offers a model range of 19' to 97' in length, which includes leisure, performance and fishing boats as well as motor yachts. In exchange for the exclusive rights, Xtreme paid MHI shareholders 557,275 restricted shares of Xtreme common stock. Furthermore, Xtreme retains the right to acquire 100% of the outstanding shares of MHI in 12 months in exchange for an additional 20% of the outstanding shares of Xtreme at that time. MHI generated un-audited revenue in 2004 of approximately $2 million. Together with MHI's primary bank lender, Xtreme will assist in financing the production of Challenger boat sales and MHI's operations.
Xtreme Chairman Michael Novielli stated, "This agreement with MHI is a tremendous milestone for Xtreme. With the 'CHALLENGER' line, we have added a potent and diverse product offering to our current lines of Fire Rescue and Patrol marine vehicles. We believe that this transaction dramatically changes the scope of our Company."
Xtreme CEO Kevin Ryan stated, "The 'CHALLENGER' line of boats enjoys a stellar reputation within the industry. We are genuinely excited about the opportunities now available to Xtreme as a result of this deal. We have acquired the marketing and distribution rights to a valuable franchise which I believe will yield a significant return to our shareholders and investors."
MHI President Ron DiBartolo commented, "I am truly delighted about this partnership. Our plan is to continue with our core competencies in our vertical markets, but we also plan a horizontal push to develop other considerable opportunities. We are aggressively pursuing the establishment of a significant dealer network domestically as well as internationally." He added, "I believe we are a perfect complement to Xtreme and look forward to marked achievements resulting from the convergence of resources from both our organizations."
Xtreme Companies also announced the relocation of its operations from Stanton, CA to MHI's 65,000 square foot, 12 acre manufacturing facility located in Washington, MO approximately 50 miles west of St. Louis.
About Marine Holdings, Inc.
Marine Holdings, Inc. d/b/a Challenger Offshore manufactures semi-custom fiberglass boats of 19' to 97' in length, which include family, performance, fishing and motor yachts. Buyers of the "CHALLENGER" product line are generally 3rd, 4th and 5th time buyers who are knowledgeable purchasers of quality marine products. The Company is best known for their products that compete directly with the industry's largest boat producers. Internationally known race driver and designer Don Aronow, credited as being the architect of the performance boat industry, designed and created some of the hull technologies today used by Challenger Offshore. Mr. Aronow has also been credited with creating companies such as Cigarette, Donzi, Formula, Apache and Magnum. For more information you may visit www.challengeroffshore.com
About Xtreme Companies, Inc.
Xtreme Companies, Inc. is engaged in manufacturing and marketing of mission-specific fire and rescue boats used in emergency, surveillance and defense deployments. The boats have been marketed and sold directly to fire and police departments, the U.S. Military and coastal port authorities throughout the United States. For additional information about Xtreme Companies, Inc. please visit www.xtremecos.com. The Company's public financial information and filings can be viewed at www.sec.gov.
Stocks acting well as of late include: Streicher Mobile Fueling Inc. (Nasdaq:FUEL), Retek Inc. (Nasdaq:RETK), and Comtech Telecommunications Corp. (Nasdaq:CMTL).
Information contained herein is the opinion of Market-Pulse.com ("MP") and is intended to be used strictly for informational purposes. You should be aware that MP attempts to assure itself of the accuracy of the information contained in the analyses it publishes. In this regard, MP does, at times, rely on the accuracy of information supplied to it by the companies which are the subject of MP's analyses and/or parties related to those companies. MP also relies on the accuracy and integrity of information that is contained in company press releases and reports filed with the SEC. The companies mentioned in this publication have not approved the content or timing of the information being published unless otherwise noted.
MP, because it relies on information supplied by various third parties disclaims any responsibility for the accuracy of such information. Any investor considering making an investment in any security which has been the subject of a MP analysis or opinion should, before making any such investment, consult with his/her market professional and/or do his/her own independent research regarding the company which is the subject of an MP opinion, recommendation or analysis. Information regarding companies which MP has opined upon is normally available from many sources including the subject company's filings with the SEC and various press releases issued by the company.
You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated sixty thousand dollars from Xtreme Companies, Inc. MP's officers and directors reserve the right to buy additional shares of the companies discussed in this opinion and may profit in the event those shares rise in value. When MP receives free trading shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services. Market Pulse News Alert is a division of MP.