Platinum SuperYachts Sailing on Course.FORT LAUDERDALE Fort Lauderdale (lô`dərdāl), residential, commercial, and resort city (1990 pop. 149,377), seat of Broward co., SE Fla., on the Atlantic coast; settled around a fort built (c.1837) in the Seminole War, inc. 1911. , Fla. -- Platinum SuperYachts Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :PSUY) announces delivery of a 55 ft fly-bridge motor yacht, a prelude to the new Odyssey 75, to an Indian client and is finalizing orders for six entry level yachts to be delivered this year to clients in Asia. With its preferred building slots Platinum can facilitate deliveries of 100' yachts with custom built interiors in 12-16 months as opposed to the current 24-36 month waiting periods. The company has finalized the profile and interior layout design on its new Senator 140, which will be constructed in aluminum at the shipyard in China. The company also wishes to announce the launching of their new upgraded flash website www.platinumsuperyachts.com, providing yacht brokers A yacht broker is a specialist agent who acts as a representative for the sale of a yacht or boat. The yacht broker is paid an agreed commission the sale price of a yacht and to this end markets the yacht for sale, fields buyer interest and act as a ‘middle man’ in the and clients a complete description on their range of aerodynamic luxury yachts. Featured within the site is the latest design of the Alchemy alchemy (ăl`kəmē), ancient art of obscure origin that sought to transform base metals (e.g., lead) into silver and gold; forerunner of the science of chemistry. 240 ft, which has been prepared for a client in Qatar, by one of the leading yacht designers in Florida. The company has completed its due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on two potential acquisitions of shipyards in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and anticipates finalizing terms on its first round of funding for which negotiations are now underway with various groups. Platinum SuperYachts will be represented at the forthcoming India International Boat show The India International Boat Show is a major international boating and marine industry exhibition conducted annually at Kochi, India. The show is organised by the Kerala Tourism Development Corporation. External links
The Platinum Lifestyle division is currently working on a number of business jet sales and has recently been entrusted by a group of Asian entrepreneurs to locate a fleet of large yachts for the charter market and for exclusive cruises in exotic locations. Mr. Shahhid Vohra, Platinum's Vice President has relocated to the company's head office in Vancouver, Canada and will oversee global sales and marketing, intending to build name brand recognition for Platinum SuperYachts. About Platinum SuperYachts, Inc. The principle objective of Platinum SuperYachts, Inc. is to create a global yacht company, in a market estimated to exceed $25 Billion per year in the U.S. alone. Presently, there are 587 yachts of over 80 feet under construction an 11% increase over last year. Platinum intends to enter market segments that include Construction, Marketing and Sales of high quality custom built yachts. The business strategy will focus on targeted acquisitions of yacht builders in North America with further expansion to incorporate a Service/Warranty Facility. Platinum Lifestyles, a division of the company, is in the business of providing executive jets and luxury yachts for charter. Statements included in this press release that are not historical in nature are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning 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. The Company cautions readers that forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially and which are identified from time to time in the Company's reports filed with the U.S. Securities and Exchange Commission. Platinum SuperYachts, Inc. claims the protection 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. for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. For more information, visit PSUY's web site at www.platinumsuperyachts.com. Information included on the Company's website is not incorporated herein by reference or otherwise. |
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