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Up 50% today. Awesome potential. The company seems to be way undervalued. Do your own DD. GL
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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Madison Bay Holdings, Inc. Announces 2006 First Quarter Business Update and Overview Report March 31, 2006 Friday March 31, 9:30 am ET Business Overview
SEATTLE, March 31 /PRNewswire-FirstCall/ -- Madison Bay Holdings, Inc. (Pink Sheets: MDBY - News) is a holding company engaged in the acquisition or merger of operating companies primarily in the marine, recreational vehicle (RV) or leisure product business.
On occasion an acquisition or business venture with a company outside the marine or leisure product industry will be completed depending upon the capability of management to understand and operate the business and the financial ability of MDBY to finance the venture without jeopardizing ongoing operations or other opportunities. The prime consideration for all acquisitions shall be based on return on investment, fit within the company, cash flow and other financial considerations to assure continued increase in shareholder value.
In 2005 a merger was completed with Summit Coaches and Madison Bay Marine Development, which ultimately led to a change in name to Madison Bay Holdings, Inc. Prior to the merger Madison Bay operated for many years as a private company providing business development services, consulting, marketing and direct sales services to growth oriented small cap companies, or distressed and start up companies.
Madison Bay acquired, or was responsible for the acquisition of four boat companies in the past four years. These acquisitions were completed in conjunction with other companies and Madison Bay generated earnings through fees, commissions, or equity earnings.
The plan for MDBY is to continue to capitalize on the resources and experience to acquire or "roll up" a number of marine, RV, or other leisure product companies. Currently the company owns the molds, equipment and prototype to manufacture the state of the art 38 foot Stiletto fifth wheel trailer. The company also owns the exclusive distribution rights for Warlock Power Boats and has a first right of refusal to acquire Warlock Power Boats.
There are increasing opportunities within the marine, RV, aviation and other leisure product sectors in manufacturing and retailing as a result of the maturing of many companies and the increasing size of companies that were founded over the past ten to thirty years. The owners are becoming of "baby boomer" age and are looking for an exit strategy. In many cases the companies have grown beyond the ability, or desire of the owners to manage, or finance the business.
This was one of the prime considerations for acquiring a public company. With the ability to raise capital through the public markets MDBY can offer an exit strategy to many privately held companies, acquire "spin offs" of divisions, or complete asset purchases in distress situations.
As progress is made it shall be a goal to ultimately become listed as a fully reporting Bulletin Board company as soon as possible. It is feasible that this could occur within a one year period. At this point larger multi-million dollar companies may be acquired and revenues and profits will increase accordingly.
With multiple acquisitions and continued a continued "roll up" strategy, revenues in the range of $70 million to over $100 million may be reached. In addition to increasing revenues through acquisition and merger, the fact that the company is operating in markets and products that can sell in excess of $200,000 per unit and when a yacht project is completed unit sales can be $3 million to $15 million per unit.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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Madison Bay Holdings Inc. Signs Agreement with Alaskan Campers, Inc. to Acquire the Assets of Wheat Motor Coach 09:15 a.m. 04/03/2006 Provided by SEATTLE, April 3, 2006 /PRNewswire-FirstCall via COMTEX/ -- Madison Bay Holdings Inc. (Pink Sheets: MDBY) announces they have signed an agreement with Alaskan Campers Inc., granting an exclusive option for Madison Bay to acquire all the assets, trademarks, and all proprietary rights to manufacture and market the Wheat Motor Coach. (Also known as the WMC) The WMC is a 26 foot and 23 foot motorized Recreational Vehicle. The assets, molds, and tooling to be acquired are the original molds and tooling that were developed by General Motors Corporation to manufacture the General Motors 26 foot and 23 foot GMC Motor Home ( www.gmcmotorhome.com ). These assets were purchased from General Motors Corporation by WMC, and will now be acquired by Madison Bay Holdings. Upon acquisition of the molds and equipment Madison Bay Holdings, will combine the manufacturing, sales and marketing of the WMC, with the operations of the Summit Coach division of Madison Bay Holdings. It is understood that General Motors has spent over $15 million dollars to develop the molds and tooling for the Wheat Motor Coach. This is an advanced technology that allows for efficient high volume production identical to manufacture the entire Corvette automobile and many of the parts, such as hoods and trunks, on many of the cars being produced today. Ricardo Ruelos, Chairman and CEO, commented "I believe the WMC can be an amazing opportunity for Madison Bay Holdings. When General Motors introduced the original GMC Motor Home, it was a futuristic product and is currently a very marketable product. If you go to General Motor Corporation's website, you will see that this is a vintage product with a cult following and existing, passionate customer base. Our plan is to engineer the drive train and chassis with modern day technology and market the WMC Motor Homes in conjunction with the Summit Coach Stiletto and other products. The GMC styling is timeless, and with updated engineering of the drive train, chassis, and interior, the WMC could generate over 1,500-2,000 units in annual sales with in two years. The initial plan is to introduce a fifth wheel trailer first year and engineer the Motor Home for introduction in year two or three. With the ability to purchase drive trains and chassis in China this presents some very unique growth opportunities due to the advance manufacturing process and the ability to reach high volume levels with low production costs. As a result of this, sales potential can accelerate as high as $20 million in year two to three, and exceed $100 million in the following two to three years with the shipments of the motorized version of the WMC Motor Coach." Don Wheat, owner of Alaskan Campers, added "This is a great opportunity for both the Wheat Motor Coach and Madison Bay Holdings. The WMC represents potential for $22 million in pre tax earnings, and is an extremely viable product. We feel Madison Bay Holdings, and Ricardo Ruelos is going to be the man to get the WMC Motor Home project to the sales and profit levels that can be achieved."
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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Madison Bay Holdings Inc. Announces Retirement of Stock in Excess of 5% 09:15 a.m. 04/04/2006 Provided by SEATTLE, April 4, 2006 /PRNewswire-FirstCall via COMTEX/ -- Madison Bay Holdings Inc. (Pink Sheets: MDBY) announced today that 5,386,900 shares have been retired by the company. This effectively reduces the outstanding share total by more than 5%. The new current outstanding share total is 94,256,912, of these, 60,375,000 are restricted and held by management and Chairman of the Board-CEO Ricardo Ruelos. It is feasible that more shares will be retired in the near future. Ricardo Ruelos, chairman and CEO, of Madison Bay holdings, commented, "This is just one more step toward a complete plan to continue to increase our shareholder value. Madison Bay Holdings sees our investors as more than shareholders; we look at them as partners, and it is our duty to maximize our partner's returns. "We have many things in place to execute our plan and build a valuable company for our shareholders and future employees. We have seen a lot of support over the past week and I have had an opportunity to speak with many of our new shareholders. I particularly want to welcome and thank our new shareholders, and am looking forward to building our company along with our new partners."
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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14:04 5/21/2007 MDBY Madison Bay Holdings, Inc. Common Stock MDBH Madison Bay Holdings, Inc. New Common Stock 1-30 R/S **
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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