MIAMI, Feb. 12, 2008 (PRIME NEWSWIRE) -- Fearless International Inc. (OTCBB:FRLE), a luxury performance boat manufacturer, announced today that the company will be showcasing at the 20th Annual Yacht & Brokerage Show, February 14-18, 2008, along the Indian Creek Waterway and Collins Avenue in Miami Beach, Florida. The Miami Yacht & Brokerage Show is internationally known for presenting the best-of-the-best in new luxury yachts and brokerage yachts.
Fearless Yachts will showcase their 28-foot-long luxury powerboat developed by the Company in exclusive collaboration with Porsche Design Studio at Ramp 36, Slip FB 1030A. The Fearless 28' features a seamless, carbon-reinforced hull, classic 8.5 foot beam, stainless steel intake vents and hand fitted teak inlays. Its standard engine is propelled by a custom 525 hp engine capable of reaching speeds of more than 80 mph.
Jeffrey Binder, CEO, states, "Our 28' is only the first in a new line of luxury speedboats and high performance yachts being launched by the Company. Since its debut at the Miami Boat Show last February, the 28' has received extensive media and press coverage, and there continues to be pent-up demand. While we originally planned to launch our latest performance boat, the Fearless 44' at this event, design modifications have pushed the release date back until Spring 2008 in time for this year's boating season. A completed scaled model of the 44' will be available for public viewing alongside the 28'at the Miami Yacht & Brokerage show."
In addition to having the boat available to the public during the show, Fearless has invited select members of the media and potential customers to a private party co-hosted by Miami Modern Luxury, where they will have an opportunity to experience the Fearless lifestyle and get an in-depth look at the Fearless 28'. Representatives from Fearless Yachts will be at the party to answer any questions about what management believes is the ultimate power boat. The event is in cooperation with Saks Fifth Avenue, Glenmorange, and Veuve Clicquot.
Fearless International Inc.
Fearless International is a forerunner 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 28' 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' 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 for the Fearless 28, (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.