Aqua Xtremes Outlines Plans For XBoard Production.TORRANCE, Calif. -- Nova Communications Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NVAC NVAC National Vaccine Advisory Committee NVAC National Visual Analytics Center (DHS) NVAC National Vendor Access Center (Sprint) NVAC National Veterans' Advisory Committee ) announced that its majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. , Aqua Xtremes, Inc., has outlined plans for the production of XBoard, the jet-powered watercraft that is shaped like a surfboard but powered by a jet-propelled engine. XBoard will be produced by Xtreme Manufacturing, which is located in a 150,000 square foot facility near Brownsville, Texas. Xtreme Manufacturing was created specifically to produce, assemble and fulfill the launch of XBoard to the marketplace beginning in 2005. "When we researched our options in manufacturing and production it became clear that it was essential for Aqua Xtremes to work with an established manufacturer with a proven track record," explained Art Robins, Aqua Xtremes CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We needed a partner that recognized the innovation of our product, had the vision to work through our developmental stages, and stay focused on delivering a production timeline that would meet the market demands. We found that partner in Xtreme Manufacturing, whose facilities have produced millions of components for such companies as Sony and Panasonic." Xtreme Manufacturing utilizes six sigma and lean manufacturing technology. "We've employed hundreds of skilled labor personnel for projects of this scope, and operate within extremely tight tolerances and zero free defects," stated Jim Abel, President of Xtreme Manufacturing. "We have reviewed the bill of materials The list of components that make up a system. For example, a bill of materials for a house would include the cement block, lumber, shingles, doors, windows, plumbing, electric, heating and so on. with our design and manufacturing engineers and are confident we can begin assembly and production in December 2004, with deliveries expected in March 2005." XBoard allows riders of all skill levels to experience the exhilaration of surfing anywhere, anytime. The XBoard design team has created a revolutionary watercraft that combines innovative hull design and a powerful EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. conforming engine. Photos and more information are available at the Company's web site (www.NCVM NCVM National Council of Visible Minorities (federal employee volunteer organization; Canada) .net). XBoard was developed by Nova's majority-owned subsidiary, Aqua Xtremes Inc., a four-year-old Nevada corporate entity. For more information on XBoard visit www.AquaXtremes.com. Cautionary Statement for the Purpose of the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by the forward-looking statements, including the impact of changed economic or business conditions, the impact of competition, the success of existing and new product releases, the management of our growth, other risk factors inherent in the telecommunications industry, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission. Nova Communications has and continues to institute changes to its strategies, operations and processes to address these risk factors and to mitigate their impact on Nova Communication's results of operations and financial condition. However, no assurances can be given that Nova Communications will be successful in these efforts. |
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