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MarineMax Continues Northeastern Expansion.


Business Editors

CLEARWATER, FL--(BUSINESS WIRE)--April 19, 2000

MarineMax, Inc. (NYSE NYSE

See: New York Stock Exchange
: HZO HZO Herpes Zoster Ophthalmicus ), the nation's largest recreational boat retailer, announced today that it has acquired three New Jersey-based operations of Clark's Landing. The acquired operations had approximately $20 million of revenue in its most recently completed fiscal year.

Clark's Landing has been an established marine dealer in the New Jersey market for almost 15 years and has a reputation for quality service and strong customer support. MarineMax acquired Clark's Landing operations in Delran, Greenbrook and Lake Hopatcong, New Jersey. The Delran location is located on the Delaware River, near the active Philadelphia boating market. The Greenbrook and Lake Hopatcong locations are located in the upscale and densely populated areas of northern New Jersey, adjacent to New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
.

William H. McGill, Chairman and 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.  of MarineMax, stated, "With the acquisition of Clark's Landing, MarineMax is now the exclusive Sea Ray dealer in the state of New Jersey, which is a very significant boating market. We expect this acquisition to be accretive within the first twelve months and that it will provide advertising and other operational synergies. The biggest anticipated benefit is our improved ability to serve our customers which will yield market share gains, and, as such, additional top line growth."

Mr. McGill concluded, "With the Clark's Landing acquisition, we are getting a seasoned management team that already embraces and practices many of MarineMax's strategies, which will allow for a very smooth transition. Our entire MarineMax team is excited about this acquisition, which gives us added momentum as we enter the busy summer selling season."

MarineMax acquired certain assets of Clark's Landing at Greenbrook, Inc., Clark's Landing at Lake Hopatcong, Inc. and Clark's Landing at Dredge Harbor, Inc. and assumed certain liabilities, including, floorplan obligations related to new boat inventory, in this all cash transaction.

Headquartered in Clearwater, Florida, MarineMax primarily sells premium quality recreational boats such as Sea Ray, Hatteras, Azimut, Supra and Boston Whaler through 54 retail locations in Arizona, California, Delaware, Florida, Georgia, Minnesota, Nevada, New Jersey, North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures


Area, 52,586 sq mi (136,198 sq km). Pop.
, Ohio, Pennsylvania, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures


Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15.
, Texas and Utah and offers yacht brokerage services through Woods and Oviatt, its wholly owned brokerage subsidiary. MarineMax is a New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 listed company.

Certain statements in this press release are forward-looking as defined in 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. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks include the impact of seasonality and weather, general economic conditions and the level of consumer spending, the Company's ability to integrate acquisitions into existing operations and numerous other factors identified in the Company's Form 10-K Form 10-K

A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information.


Form 10-K

See 10-K.
 and other filings with the Securities Exchange Commission.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Publication:Business Wire
Date:Apr 19, 2000
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