Avenger Boats Proposes Veterans Trust Fund; Participates in Fleet Week 2003.Business Editors KENNEBUNKPORT, Maine--(BUSINESS WIRE)--June 9, 2003 American Boat Builders, Inc and its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Avenger Boats, Inc (www.avengerboats.com) has proposed the formation of a United States Military and Veterans Trust Fund to benefit from the sales of Avenger Boats, Inc. The Veterans Trust Fund would receive a percentage of each sale of an Avenger Boat that would be distributed to various military and veterans organizations that register with the fund to benefit veterans and their families. Military and Veterans organizations can now register with Avenger Boats, Inc to participate in the fund. Avenger Boats intends to name each of its Avenger Class Boats after a distinguished military commander and each Avenger Boat will be christened in honor of a Medal of Honor Medal of Honor highest American military decoration for wartime gallantry. [Am. Hist.: Misc.] See : Bravery veteran. The Avenger Boats are currently based with the Intrepid in New York harbor New York Harbor, a geographic term, refers collectively to the rivers, bays, and tidal estuaries near the mouth of the Hudson River in the vicinity of New York City. This is sometimes construed in the sense "the Ports of New York and New Jersey". and participated in the recent Fleet Week 2003 that honored the United States Military and its Veterans. Avenger Boats, Inc has completed its contract with General Dynamics (NYSE NYSE See: New York Stock Exchange :GD) to provide logistics support and an instructional media package. The package is now available from Avenger Boats for distribution worldwide. Avenger Boats, Inc designs, develops and manufactures high performance patrol boats for use in Port Security, Homeland Security, Coast Guard and the Littoral Combat Ship The Littoral Combat Ship is the first of the U.S. Navy's next-generation surface combatants. Intended as a relatively small surface vessel for operations in the littoral region (close to shore), the LCS is smaller than the Navy's guided missile frigates, and have been compared to . |
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