Great news out after Friday's close. This has been in a steady decline for around a year - but this news release should really move this today.
Nova Communications Introduces Jet-Powered Personal Watercraft -- X Board
9/27/2004 5:00:00 AM
TORRANCE, Calif., Sep 27, 2004 (BUSINESS WIRE) -- Nova Communications Ltd. (NCVM) today introduced a new personal watercraft product to be known as the X Board. A jet-powered watercraft that is shaped like a surfboard but powered by a jet propelled engine, X Board allows riders of all skill levels to experience the exhilaration of surfing anywhere, anytime. Photos and more information are available at the Company's web site (www.NCVM.net).
X Board was developed by Nova's majority-owned subsidiary, Aqua Xtremes Inc., a four-year-old Nevada corporate entity. Water sports enthusiasts worldwide have been waiting for a motorized board that brings the freedom of surfing to their playgrounds on lakes and rivers. The X Board design team has responded with a revolutionary jet-powered surfboard that combines innovative hull design and a powerful, EPA conforming engine.
Ken Owen, Nova Communications CEO, commented, "After having invested a great deal of energy in the personal watercraft industry over the last several quarters, we are proud to introduce our own Xtreme personal watercraft product, X Board, the ultimate water sports-riding machine."
X Board will be launched at the world's largest boat show in Ft. Lauderdale, Fla., on October 28. It is on schedule for full production in early 2005 and will be available to leading boat and watercraft dealers across North America and internationally. It is priced competitively with personal watercraft and will be available to demo at major resorts and water sport rental services.
Concurrently, Nova announced that the timeline has expired to close the merger with PowerSki International, and that the companies at this time do not plan to close the merger as outlined in the previously executed Memorandum of Understanding.
Learn More About Nova's X Board
To learn more about X Board, please visit www.NCVM.net. Additionally, investors and media are encouraged to sign up for the free company newsletter that will provide updates on news, Company developments, and periodic shareholder updates from Nova CEO Ken Owen.