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Team Gallagher Places 2nd At Panama City Beach Racing Challenger DDC-28


By PR Newswire
Last Update: 9/14/2006 7:01:22 AM Data provided by

WASHINGTON, Mo., Sep 14, 2006 /PRNewswire-FirstCall via COMTEX/ -- Xtreme Companies, Inc. (XTME) announced today that its official race team 'Team Gallagher', which races a Challenger DDC-28, placed 2nd at Panama City Beach, FL on August 20. This comes on the heels of Team Gallagher's 2nd place finish at the Hollywood Beach Super Boat Grand Prix in June.

Team Gallagher Owner Sean Gallagher stated, "We're on a roll and to consistently finish in the top three, demonstrates that our Challenger Offshore race boat is as competitive as any other boat out there. We're proud to have the support of Challenger and already other race teams are starting to take notice of our team, our boat and our accomplishments." He added, "As a team, we are proving that we have what it takes to be competitive at the highest level and succeed at campaigning our Challenger race boat on the offshore racing circuit."

Xtreme CEO Laurie Phillips commented, "It's no wonder why we are proud to have Team Gallagher as our official race team. I believe their continued success while representing and racing a Challenger speaks volumes as to their talents as well as the outstanding quality and performance of our boats. We look forward to our continued partnership with them and wish them well with the remainder of their races this year."

In 2005 while racing the Challenger DDC-28, Team Gallagher finished first in the P-5 Offshore Class of the Marathon, Florida Grand Prix and set a course speed record at the Chattanooga Offshore Grand Prix as well.

About Team Gallagher

Ft. Walton Beach, FL-based Team Gallagher is one of over 85 teams that run the offshore racing circuit with Super Boat International Productions (SBIP) and the American Power Boat Association (APBA) (www.superboat.com). SBIP/APBA organizes and promotes over 15 races each year along the East and Gulf Coasts of the United States, to include a few inland races on large lakes and rivers. These races attract anywhere from 20,000 to 100,000 spectators and are also enjoyed by those listening to live local radio broadcasts or watching delayed telecast schedules on the Fox Sports Net. For further information regarding Team Gallagher please visit http://www.tgor.net/whatsnew.html.

About Xtreme Companies, Inc.

Xtreme Companies, Inc., produces high end, semi-custom fiberglass sport cruiser and high performance boats under the 'Challenger Powerboats' brand. Xtreme holds the exclusive rights to the revolutionary DDC hull for boats up to 40 feet in length. The DDC hull is a patented revolutionary design by world-renowned marine designer Harry Schoell, which incorporates two hulls into one, resulting in a constant planning surface enhancing stability and generating greater transom lift. This enables the hull to run faster in rougher seas while providing a dry, safe and more comfortable ride.

For more information you may visit www.xtremecos.com and www.challengeroffshore.com. Xtreme's public financial information and filings can be viewed at www.sec.gov.

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