News April 26, 10:08 Eastern Time
GREAT WHITE MARINE ANNOUNCES 1ST QUARTER RESULTS
Sales Up 21% and Net Income Up 35%
WACO, Texas, April 26 /PRNewswire/ -- Great White Marine & Recreation, Inc. (OTC Bulletin Board: JAWS)
announced today its 1999 First Quarter results. Sales for the period ending March 31st were $6,465,557 as
compared to $5,348,764 for the same period in 1998 ... a 21% increase. Net Income for the period was $969,359
as compared to $720,077 ... an increase of 35%. Commenting on the company's first quarter performance, Great
White President & CEO, Colin Smith stated, "We are pleased with our financial results and particularly with goals
we've set out to accomplish in the first quarter. During the quarter, we obtained a credit facility from Mercedes
Benz Leasing de Mexico, added new boat & yacht lines, brought on Billy Harvey as a new Director, added a
warehouse & in-house custom broker in Laredo, Texas, and lastly our dealer count has increased significantly this
past quarter throughout Mexico, Central America, South America, and the Caribbean. Traditionally our first quarter
is our weakest, and we are pleased with the progress we are making in many aspects of our business which I
think will have a positive impact on earnings for the remainder of 1999."
Great White Marine, Inc, is an international distribution company of marine watercraft and recreational vehicles
and related products through its network of dealers extending from the Southwestern U.S. into Central and South
America, the Caribbean and Mexico. Brand name products currently being distributed include Mercury(TM)
outboard motors, Mercury QuickSilver(TM) two-cycle engine oil, Polaris(TM) personal watercraft and all-terrain
vehicles, an extensive line of Fisher(TM) fiberglass and aluminum boats, Cruisers(TM) yachts, Viking(TM) Sport
Cruisers, Glastron(TM), Skeeter(TM), and Pursuit(TM) offshore fishing boats. Corporate headquarters for Great
White are in Waco, Texas with sales, servicing and warehousing facilities in Monterrey & Puerto Vallarta, Mexico,
Pompano Beach, Fla., and Laredo, Texas. To receive future Great White updates, visit the web site at
great-white.com.
The company intends that such statements about the Company's future expectations, including future revenues
and earnings, and all other forward-looking statements be subject to the "safe harbors" provision of the Private
Securities Litigation Reform Act of 1995.
SOURCE Great White Marine & Recreation, Inc.
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