S1 Marine, LLC, Formed as Holding Company for SeaStrike Boats and SportCraft Boats;Production Begins in200,000 Sq. ft. Plant in Perry, Florida

Ft. Lauderdale and Perry, FL, October 20, 2006 – Tom Thies, President of SeaStrike Boats LLC, the manufacturer of sportfishing boats, announced that S1 Marine, LLC, of which he also president, has been formed as a holding company for both SeaStrike, which he purchased in 2004, and SportCraft Boats, purchased earlier this year, and that both brands have begun production in the nearly 200,000 sq. ft. former Sport-Craft boat manufacturing facility in Perry, Florida.

While S1 is not exhibiting at the Ft. Lauderdale Boat Show this year, it is planning an expanded exhibit of both lines at the Miami Show in February and returning to Ft. Lauderdale next year.

The SeaStrike line consists of center consoles in 18, 19, 20, 22, 22 bracket and 24-foot models. The SportCraft line, which features sportfishing models, has a 23, 25, 27 and a 30 as well as 241 and 261 walkarounds.

S1 is adding sales reps and is actively signing dealers for one or both lines, depending on location and capability.  Announcements of these appointments are expected over the next few months.

Thies said that S1 is employing many of the experienced former employees of Sport-Craft, among others.  Thus far he has hired 50 people and anticipates another 100 being brought on during 2007, depending on sales, bringing the total employees to 150. 

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