PR Marine A.G. Acquired; Announces New Management Team; German Luxury Mega-Yachts Sales & Marketing Company Acquired.

Business Editors/Sports Writers

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--March 19, 2002

GLOBAL DECS CORP. ("Company") (Nasdaq:GDEC) has completed the acquisition of PR MARINE A.G., a German corporation, which is the sales and marketing organization for an established and reputable brand name in the mega-yacht construction industry, renowned throughout the world for superior quality and aerodynamic designs (http://www.pr-yachts.com). The Company will be renamed "SUPERYACHTS, INC." to reflect the new direction of its business activities, which will include sales and charters of custom built mega-yachts from 80 feet and above. The Company plans to acquire other yachting companies that are complimentary to PR Marine A.G.

The Company's newly acquired subsidiary, PR MARINE A.G., has preferred building slots and promotes the sales and marketing for a German yacht builder, that sells aerodynamic styled custom built super-yachts with the distinctive brand name "PR MARINE". These custom yachts include unrestricted bay view windows, an innovation that has become PR MARINE's trademark distinctive style throughout the world.

In conjunction with the acquisition of PR Marine A.G., the Company has appointed two new officers and directors for GDEC, being: Mr. Shahid Shafiq Vohra, age 45, as the new Chief Executive Officer, President and a Director of the Company; and Mr. Rudolf Gunther Humpf, age 50, as Vice President Engineering and a Director of the Company, all with immediate effect. Mr. Malcolm Gold resigned his positions as Chairman and Director of GDEC in order to pursue other business opportunities.

Shahid Shafiq Vohra, age 45, Director Sales & Marketing is currently the President / CEO of PR MARINE Inc., which has a worldwide agency agreement with Superyachts Gmbh. Mr. Vohra has built a reputation in the yachting community for being able to close the deal on the best terms. The PR Marine brand success and popularity can be attributed to the talents of Mr. Vohra. During his tenure as sales and marketing director, he has achieved recognition in the industry as a sales leader. His close relationships with many Middle Eastern countries' rulers, and leading business personalities in India and the Middle East have lead to the sale of numerous PR Marine mega-yachts to Royalty, Presidents and wealthy Sheikhs. Mr. Vohra, an Indian national, now a resident of Fort Lauderdale, the capital of the yachting industry, has been involved in concluding sales of the PR yachts to American clients, which are presently under construction in the German shipyard. Mr. Vohra will continue to oversee the Sales and Marketing for the enlarged yachting business at GDEC, with responsibility for the global marketing strategy involved in building the brand name for Superyachts Inc.

Rudolf Gunther Humpf, age 50, and resident of Florida and Germany, has thirty-two years experience as an engineer, and is the Technical Director at PR Marine. Job responsibility includes project management and all technical specifications for the yachts and sales promotion. Mr. Humpf's experience includes many years in the capacity as Chief Engineer in charge of technical re-conditioning of numerous yachting facilities including the Lauderdale Marine Center, Florida, Marine Mile Shipyard, Florida, Colonna Shipyard, Norfolk, Virginia, and the Bradford Marine Shipyard, Florida. Mr. Humpf has substantial relationships in the Middle East and Europe, having worked directly at the Royal Palaces of His Majesty King Hussein of Jordan, and with HRH Prince Aga Khan on his private yacht Kalamoun as well as on a private yacht owned by the Prince of Thurn and Taxis of Germany. Mr. Humpf brings in years of experience in yacht designs and engineering.

In addition to completing the acquisition of PR Marine A.G., the sales and marketing company, GDEC has negotiated to acquire two affiliated companies, PR Marine Inc. ("PRMI"), a Florida corporation, and PR Marine ME Ltd. ("PRME"), a UAE corporation. It is anticipated by GDEC that upon completion of these additional acquisitions in the next thirty days, each company will become a GDEC subsidiary. PRMI and PRME are the regional sales agents for a yacht-building company in Germany, with offices in Dubai, UAE, India, Cyprus and Fort Lauderdale, Florida.

PR MARINE's affiliated companies have had historical sales in excess of $50 million and they have sold mega-yachts to members of the ruling family of Dubai, His Excellency the President of Maldives, and to a number of high net-worth individuals from the United States and Europe. PR MARINE currently has pending sales for two yachts totaling 197 feet for American clients, which are under construction at the German shipyard.

Mr. Vohra stated, "Now that PR MARINE A.G. is in a U.S. public company, we can access funds through the public capital markets by selling the Company's shares, which will allow us to acquire other mega-yacht building companies that we know in the industry and to build yachts and offer delivery off-the-shelf, rather than waiting for years with construction and delivery at other builders."

Worldwide, market demand in the yachting industry for mega-yachts is currently exploding with over 375 yachts in excess of 80 feet under construction, which is a 35% increase over last year's orders. Within the industry, the larger custom yachts have experienced better growth. European yacht builders have 58% of these orders compared to only 30% in the U.S. PR MARINE has preferential building slots with its German affiliate to facilitate delivery of a mega-yacht in only 14 months as compared to the normal 2 to 3 year lead time at other shipyards. German yacht builders are ranked fourth amongst the world's top mega-yacht builders. The Company will centralize its yacht sales from the boating capital of the world -- Fort Lauderdale, Florida, where an office has been established at The Quay.

The company has relocated its headquarters to a new office address in Florida at: 1535 S.E. 17th Street, Suite 121, The Quay, Fort Lauderdale, Florida 33316. Phone: [phone]; Fax: [phone].

Forward-Looking Statements:

Certain statements included in this press release are "forward-looking" statements, such as those relating to anticipated future revenues of the Company or success of the Company's business. Such forward-looking statements involve important risks and uncertainties that could significantly affect anticipated results in the future. The Company's performance and financial results could differ materially from those reflected in the forward-looking statements due to financial, economic, regulatory and political conditions or additional factors unknown to the Company at this time. Therefore, current or prospective investors are cautioned not to place undue reliance on any such forward-looking statements. The Company does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.