DALLAS, Aug. 29, 2005 (PRIMEZONE) -- Brian Dean, Publisher of OTCPicks.com, announced today they have initiated Profile Coverage of Madison Bay Holdings, Inc. (Pink Sheets:MDBY).
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About Madison Bay Holdings
Madison Bay Holdings, Inc. is in the recreational vehicle and leisure product industry. The Company owns all equipment, designs and trademarks of Summit Coaches, the Recreational Vehicle (RV) division that specializes in manufacturing, marketing and selling upscale and feature-oriented RV trailers, including a flagship 38-foot RV, the "Stiletto". Madison Bay Holdings' marine division is involved in boutique leisure product distribution and owns the rights to distribute Warlock Power Boats throughout the United States and Canada. Madison Bay Holdings also provides a variety of financial, marketing, and sales consulting services to boat manufacturers, dealers, distributors, and leisure product/water sport companies.
The company just announced that they signed an exclusive representation and distribution agreement with Warlock Power Boats of California to manage certain aspects of their distribution and marketing efforts. Warlock Power Boats is known as one of the leading manufacturers of "Exceptionally Featured" and "High Performance" Offshore boats in the world. Warlock Power Boats (www.warlockpowerboats.com) has won several world championships including the F1 SBI World Championship and F1 Force Gold Cup Championship.
Through this distribution and marketing agreement, Madison Bay will offer one of the premier products in the specialty watercraft market, a sector that is less saturated than the mainstream watercraft industry. By operating in this profitable industry niche and utilizing their industry experience and relationships, they believe that they will substantially strengthen sales and increase distribution networks for this amazing powerboat series.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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