STANTON, Calif., March 10 /PRNewswire-FirstCall/ -- Xtreme Companies, Inc. (OTC Bulletin Board: XTME) announced that it has acquired the exclusive marketing and distribution rights from Marine Holdings, Inc. (MHI) d/b/a Challenger Offshore, for their semi-custom "CHALLENGER" line of fiberglass boats. MHI offers a model range of 19' to 97' in length, which includes leisure, performance and fishing boats as well as motor yachts. In exchange for the exclusive rights, Xtreme paid MHI shareholders 557,275 restricted shares of Xtreme common stock. Furthermore, Xtreme retains the right to acquire 100% of the outstanding shares of MHI in 12 months in exchange for an additional 20% of the outstanding shares of Xtreme at that time. MHI generated un-audited revenue in 2004 of approximately $2 million
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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Common stock, $.001 par value, 100,000,000 authorized, 11,075,156 and 7,118,532 issued and outstanding, respectivel
wow. can't believe a boards aren't all over this one. that actually could be a good sign.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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posted
this looks a reverse merger in the making...
more from the XTME 10Q...
OVERVIEW
We design and manufacture high-performance commercial boats used by fire, police, and military personnel for fire, rescue and patrol. We are a complete design-to-manufacturing organization, creating or licensing designs, and creating tooling, molds, and parts necessary to assemble our products in-house. Our products combine innovative designs with power, safety, handling and stability to create boats designed to protect and save lives. We market our low cost, rapid response boats directly to municipalities and other government agencies, such as, fire departments, police departments, city port-authorities and the military. We did not have any revenues in the fiscal year ended December 31, 2003.
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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Ok, I swear that what I said above made sense at the time, what happened to L.L's statement about this not being a friendly place for exclamation marks? am I going crazy? I swear it was there. Trust me, what I said was damn funny... or at lease, mildly amusing...
Posts: 61 | From: Portland, OR | Registered: Feb 2005
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