2006-12-14
Madison Bay Holdings, Inc. Announces Signing of Wolf Auto Group in 3 Locations for Fish-Rite Boats
Contact: Ricardo Ruelos, CEO
206-932-9488
FOR IMMEDIATE RELEASE
Madison Bay Holdings, Inc. Announces Signing of Wolf Auto Group in 3 Locations for Fish-Rite Boats
SEATTLE, Dec. 14 /PRNewswire-FirstCall/ -- Madison Bay Holdings, Inc. (Pink Sheets: MDBY - News), a holding company engaged in the acquisition and merger of leisure product manufacturers, Recreational Vehicle manufacturers, boat manufacturers and other related businesses announced today that the company has signed Wolf Auto Group as an Authorized Dealer for Fish-Rite Boats in 3 of the Wolf Auto Group stores throughout Montana, Colorado and Wyoming. Wolf Auto Group is one of the premier automobile dealers throughout the Rocky Mountain and Intermountain states. The company owns and operates 10 automobile stores located throughout Montana, Wyoming and Colorado and has been a successful second generation company that has operated for over 32 years.
Wolf Auto Group has now expanded into the marine and leisure product industry and has been named the Factory Authorized Dealer for Fish-Rite Boats in the Jackson Hole, Bozeman and Denver locations. Fish-Rite Boats is one of the leading, premier manufacturers in the world. The company has a 28-year history and excellent reputation as one of the premier manufacturer's and designers of upscale "heavy duty" cruise and fish boats. The company offers a variety of over 20 models of aluminum cruise and fish boats in outboard, jet and inboard outdrive propulsion.
Ricardo Ruelos, Chairman and CEO of Madison Bay Holdings commented: "This is a great transaction for Madison Bay Holdings, Wolf Auto Group and Fish-Rite. Wolf Auto Group will be increasing their involvement in both marine and other leisure product categories that will fit with the products continuing to be offered by Madison Bay Holdings and Fish-Rite. Wolf Auto Group has 10 great locations and an excellent infrastructure to cross over into many marine and leisure products such as RV, Off-Road and others."
Brad Wolf, General Manager of Wolf Auto Group added: "Madison Bay Holdings and Fish-Rite have been very helpful in shaping our entree into the marine industry. We are happy to have their product lines and expertise to grow our leisure business. As we expand and grow our business we look forward to a long lasting relationship with both companies and adding new product categories as progress is made."
About Madison Bay Holdings, Inc.
Madison Bay Holdings, Inc. is a marketer and distributor of Recreational Vehicles, Powerboats and Leisure Watercraft. 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. 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.
For more information on the company and its newly appointed advisory board please visit the website http://www.madisonbayholdings.com.
Safe Harbor statement under the private Securities Litigation reform Act of 1995
This news release contains forward-looking statements, including statements regarding the Company's expectations about successfully selling its products and about the positive effects of the acquisition described herein. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from future results expressed or implied in such statements. These risks and uncertainties include the inability to manage expected growth, the failure to realize the increased revenues and improved operating margins that the Company has associated with sales of our products, the loss of any key personnel, our inability to introduce new products that are accepted by the market, the loss or non-performance of our sales representatives, unfavorable results of potential litigation, and the possibility that competitors could develop or acquire technology that could erode the Company's technical advantages. The Company disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements contained in this news release.
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