SEATTLE, Sept. 14, 2005 (PRIMEZONE) -- Madison Bay Holdings, Inc. (Pink Sheets:MDBY) announced today that the Company's Chief Executive Officer, Ricardo Ruelos, was interviewed by WallSt.Net on September 12, 2005. WallSt.Net is a forum for the financial community primarily featuring interviews with CEOs and prominent business executives.
During the interview, Mr. Ruelos discussed Madison Bay's mission to become a leading Diversified Leisure Product and Marine Company, specializing in the manufacture and distribution of Recreational Vehicles (RV) and powerboats, as well as providing financial, marketing, and sales consulting services to companies in the industry. Ricardo highlighted Madison Bay's premier RV, the "Stiletto", being developed under the Company's Summit Coaches division. The "Stiletto" is a 38-foot, state-of-the-art RV that features distinctive engineering and superior design labeling it as a premier vehicle in the industry.
Additionally, Mr. Ruelos discussed Madison Bay's exclusive representation and distribution agreement with Warlock Power Boats, a leading manufacturer of "Exceptionally Featured" and "High Performance" offshore boats worldwide, and how the Company expects to utilize management's expertise in the marine industry to continue to build a worldwide distribution network for its products.
To access the interview, please visit www.wallst.net where the interview is listed under Featured Interviews for the Pink Sheets.
About Madison Bay Holdings, Inc.
Madison Bay Holdings, Inc. is in the recreational vehicle and leisure product industry. The Company owns all equipment, designs and trademarks of Summit Coaches, the Recreational Vehicle (RV) division that specializes in manufacturing, marketing and selling upscale and feature-oriented RV trailers, including a flagship 38-foot RV, the "Stiletto". Madison Bay Holdings' marine division is involved in boutique leisure product distribution and owns the rights to distribute Warlock Power Boats throughout the United States and internationally. Madison Bay Holdings also provides a variety of financial, marketing, and sales consulting services to boat manufacturers, dealers, distributors, and leisure product/water sport companies.
For more information on the company and its newly appointed advisory board please visit the website www.madisonbayholdings.com.
Safe Harbor statement under the private Securities Litigation reform Act of 1995
This news release contains forward-looking statements, including statements regarding the Company's expectations about successfully selling its products and about the positive effects of the acquisition described herein. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied in such statements. These risks and uncertainties include the inability to manage expected growth, the failure to realize the increased revenues and improved operating margins that the Company has associated with sales of our products, the loss of any key personnel, our inability to introduce new products that are accepted by the market, the loss or non-performance of our sales representatives, unfavorable results of potential litigation, and the possibility that competitors could develop or acquire technology that could erode the Company's technical advantages. The Company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements contained in this news release.