Standard & Poor's Initiates Factual Stock Report Coverage on Fountain Powerboat Industries, Inc.

NEW YORK -- Standard & Poor's announced today that it has commenced Factual Stock Report coverage on Fountain Powerboat Industries, Inc.

Fountain Powerboat Industries, Inc., (AMEX:FPB) through its wholly owned Fountain Powerboats, Inc., designs, manufactures and sells recreational offshore sport boats, sport fishing boats and sport cruisers that target a segment of the recreational powerboat market where speed, performance, quality and safety are the primary purchase criteria. The company markets the celebrity of its Chairman, Chief Executive Officer and founder, Reginald M. Fountain Jr., a designer, engineer and builder of high speed powerboats, and holder of three world titles and seven national racing championships.

As of June 30, 2006, the company had more than 20 different models that fell into three categories: express cruisers, sport fishing boats, and sport boats, and sold its boats and ancillary products through a worldwide network of 62 dealers.

FPB has captured about 50% of the sport boat market and offers nine different sport boat models ranging from the 27 foot Fever to the 47 foot Lightning.

The company believes that the cruiser market is rapidly expanding as the populace ages and begins to look for not only speed but luxurious amenities. FPB, with its 38 foot and 48 foot Express Cruisers, and its 52 foot Sport Fish Cruiser, believes it is poised with the right products to capitalize on this growth market.

This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.

About Standard & Poor's Factual Stock Reports

This Standard & Poor's service provides factual research coverage enabling information about Fountain Powerboat Industries, Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company's fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.

Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account.

Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage.

About Standard & Poor's

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