MIAMI, Sept. 26, 2007 (PRIME NEWSWIRE) -- Fearless International Inc. (OTCBB:FRLE), a luxury performance boat manufacturer, is pleased to report that Porsche Design Studio has completed the scaled model of the company's 44 foot performance speedboat. The Fearless 44, like the recently launched Fearless 28, incorporates design and performance aspects that the company believes have never been seen before in the boating industry.
The Fearless 44 is on track to be unveiled at the Miami Boat Show in February and is expected to be available to the public beginning in March 2008. The newest boat will share some of same innovative styling aspects as the 28. Plug work on the 44's hull has been completed and the deck plug is currently under construction.
"The completion of the 44 scaled model is an important milestone for the company. We are extremely impressed with the completed model design. It is a perfect blend of performance, style, and design," stated Jeffrey Binder, CEO of Fearless International Inc. "Since its unveiling at the Miami Boat Show, Fearless Yachts has taken the industry by storm and established the brand's pedigree. I feel that with the introduction of the Fearless 44 we will make even larger waves in the yachting industry,"
Fearless International Inc.
Fearless International is a leader in sleek design and custom luxury in the performance boat and go-fast yacht industries. For more information please visit www.fearlessyachts.com and www.fearlessinternational.com. Fearless Yachts brings a sophisticated difference to the marketplace by launching ultra high-end boats and yachts that blend the best of performance, style, and design. Together, Fearless Yachts and Porsche Design Studio combine the style and performance of both the marine and automotive disciplines in order to establish a luxury brand for the boating industry.
Caution Concerning Forward-Looking Statements
This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the expect timing of the production of the Fearless 44 by Fearless, the expected performance and features of Fearless's products and any Fearless and Porsche Design combined products, the impact of Porsche Design on future innovation of Fearless's products, Fearless's expectation with respect to development and production of Fearless's products, and Fearless's and Porsche Design's plans to provide a better product and owner experience. These statements are based on the current expectations or beliefs of management of Fearless International, Inc., and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to (1) changes in economic, business, competitive, technological and/or regulatory factors, (2) failure to meet production deadlines, (3) failure to compete successfully in this highly competitive and rapidly changing marketplace, (4) failure to close sales of the Fearless 28 notwithstanding deposits or orders received to date, and (5) other factors affecting the operation of the respective businesses of Fearless and Porsche Design. More detailed information about these factors may be found in filings by Fearless, as applicable, with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q. Fearless is under no obligation to, and expressly disclaims any such obligation to, update or alter their respective forward-looking statements, whether as a result of new information, future events, or otherwise.