MIAMI, Dec. 12, 2006 (PRIME NEWSWIRE) -- New Era Marketing (OTCBB:NEMK) today announced that the Company has completed the acquisition of Fearless Yachts, LLC, which, in collaboration with a world class design studio, has developed a line of high-speed luxury motorboats and luxury high-performance yachts that will be featured at the Miami Boat show this February.
Fearless Yachts, LLC has become a wholly owned subsidiary of New Era Marketing in exchange for all issued and outstanding membership interests in Fearless Yachts. In conjunction with the reverse merger, Jeffrey Binder was appointed as a Director of the Company as well as its Chief Executive Officer. The Company has relocated its principal executive offices to 927 Lincoln Road, Suite 200 in Miami, Florida.
Jeffrey Binder, Chief Executive Officer of Fearless Yachts, stated, "Today is an exciting day for Fearless Yachts. Becoming a publicly traded company will provide us with greater access to capital and the financial markets as well as increased exposure for our custom luxury line of high-speed motorboats and yachts. We are eager to begin operations as a public entity and believe these benefits will serve as a catalyst for the tremendous growth that we plan to experience in the coming years."
For more information please visit www.fearlessyachts.com .
Safe Harbor Statement
This release may contain forward-looking statements. These forward-looking statements are neither promises nor guarantees, but involve risks and uncertainties that may cause actual results to differ materially from those in the forward-looking statements. Readers should not place undue reliance on any such forward-looking statements that are based solely on information known as of the date of this release. Fearless Yachts disclaims any obligation to update or revise any such statements to reflect any change in expectations or in events, conditions or circumstances on which any such statements may be based or that may affect the likelihood that actual results will differ from those contained in the forward-looking statements.