Press Releases

Victory Marine Holdings Announces Lease Agreement for the Company’s New Trailer Manufacturing Facility

 Miami, Fla., Oct. 30, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE --

Victory Marine Holdings (OTCPK.VMHG) announced today they have reached a tentative agreement to lease a 7,000 square foot manufacturing facility located in Miami, FL that will serve as the new location for Excalibur Trailers USA, Corp., a wholly owned subsidiary of Victory Marine Holdings. With this news, the company plans to be on schedule to begin manufacturing their own line of boat trailers by years end.

Orlando Hernandez, CEO of Victory Marine Holdings, stated, “This is exciting news for us and the entire company as we continue to make fast progress on our boat trailer manufacturing plans. Is good to note that 95% of power boats are less than 26 feet in length.  Most of these boats are sold with a trailer and allow our company to expand into a market with very strong demand and a very high volume of sales.”

The company also continues to focus on its ambitions to begin manufacturing the Company’s own, unique line of boats.  Mr. Hernandez further updated the market on progress in this area as well: “I just returned from the United Arab Emirates (UAE) where I attended the Abu Dhabi International Boat Show and met with several boat manufacturing companies. We are getting closer to completing an agreement that would enable us to manufacture overseas under strict supervision and quality control to satisfy the U.S. demand on new boat sales.”

The company stated that entering these two manufacturing markets will drastically increase both the overall revenue of the company as well as the profit margins as these products will be manufactured and sold by Victory Marine Holdings.  Mr. Hernandez concluded, “These manufacturing facilities will create whole new profit centers for the company and truly enable the Company to be fully diversified within the boating sector to reach revenues from all spectrums of the market. These level of strength and diversity will earn us strong market share and significant profits.”

Testimonials

  • We are honored to support ADNEC on such a high-profile event as it caters to our client base at EMC as well. EMC will be giving visitors and delegates the chance to explore the new era of intelligent driving in our Mercedes-Benz range.

    Frank Bernthaler
    CEO of ALFAHIM Automotive

  • Abu Dhabi has been witnessing a growing number of passengers at its cruise terminal area over the last few years. The pioneering edition of the Abu International Boat Show, which is set to attract exhibitors and visitors from around the world, will contribute in the ongoing efforts to introduce the unique features offered by Abu Dhabi and the UAE’s marine tourism sector.

    Captain Mohamed Juma Al Shamsi
    CEO of Abu Dhabi Ports Company

  • We are very pleased to be supporting ADIBS as the Official Healthcare Provider, we place great focus on best health care practices and quality services. Our partnership with ADNEC aims to endure the safety of all visitors and participants at the boat show through providing the required medical services on site or transfer cases that require further attention to one of our facilities in the city by well-equipped and staffed ambulances.

    Dr. Marwan Al Kaabi
    Group Readiness and Business Continuity Director of SEHA

  • We are proud to join hands with ADNEC for the first edition of the Abu Dhabi International Boat Show. The show is providing us with a valuable platform to share our tailored solutions and industry expertise with marine industry professionals and luxury yacht owners in Abu Dhabi. Our global market reach and specialist insurance expertise enables us to provide competitively-priced, customised programs to those with insurance requirements in the UAE.

    Carol Roberts
    Super Yacht Practice Leader at Integro

  • “As an award-winning Emirates-based shipyard, Gulf Craft is delighted to support the initiative of the Abu Dhabi government by exhibiting at the Abu Dhabi International Boat Show (ADIBS). Gulf Craft is excited to showcase a selection of yachts and boats from its world acclaimed brands Majesty Yachts, Nomad Yachts, Oryx and Silvercraft. Abu Dhabi is home to some of the largest superyacht owners in the world and is also a destination for all boaters in the region.”

    An Official Spokesperson
    from Gulf Craft

  • "We are really looking forward to the first ever ADIBS 2018 and believe it will be a real showcase event to exhibit the latest technology to the Middle East market.  We are proud to be part of this new venture right at the very start and look forward to creating new relationships through our cutting edge technology."

    James Tupper
    BGB spokesperson

  • "Bush & Noble Yacht Brokerage are very excited to participate in this highly anticipated show. I believe this event will provide the ideal platform for the entire marine industry and yachting enthusiasts to connect and discover everything this flourishing region has to offer. This year, Bush & Noble has been appointed as the official dealer for Gulf Crafts pre-owned yachts and boats, the leading luxury yacht and leisure boat builder in the Middle East. The ADIBS will offer an invaluable opportunity for yachting enthusiasts to view and experience the unique quality and luxury that Gulf Graft offers."

    John Bush
    Co-Founder

  • "Elboat is very excited and proud to be taking part in the very first Abu Dhabi Boat show. Elboat will be show casing two new boat designs to Abu Dhabi; the Elboat 29 and Elboat Skiff."

    Elboat

  • "Elcome International is very pleased to participate in the first Abu Dhabi International Boat Show. Abu Dhabi is an important emerging centre of boating activity, with a growing number of dealers, marinas and boat owners. The Abu Dhabi International Boat Show will provide an opportunity to form closer relationships with the growing number of boat owners in the UAE and to showcase Elcome’s range of products and services. The first edition of the Abu Dhabi International Boat Show, held in the capital of the United Arab Emirates, is an important event, marking the ‘coming of age’ of the region’s boating industry."

    Jimmy Grewal
    Executive Director of Elcome International

  • "The Abu Dhabi international boat show opens doors to a new world of yachting within the UAE. We already have a steady stream of yachts and loyal clientele in Abu Dhabi, and being a part of the show would assist in furthering the hallmark features of our brand and its products. the last couple of years has seen a large number of product launches at Sunseeker and as we bring in a new range of more beautiful designs, beamier and spacious hulls with latest features including beach clubs on most of our yachts, our presence at the show is bound to be a busy one. We wish the Abu Dhabi international Boat Show team best of success in this new chapter in Middle East yachting."

    Mohammed Al Jasmi
    General Manager

  • "Lumishore is delighted to attend and support the 1st Abu Dhabi International Boat Show. The UAE is critically important to the global Boating Industry and we all hope that this show is a great success for the boating public and Abu Dhabi. Lumishore has not exhibited at a UAE show with its own exhibition stand for many years and we are sure that the boating world will be excited by our latest innovative World-leading lighting products."

    Eifrion Evans
    CEO, Lumishore