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To: Steve Casey who wrote (2340)	8/12/1998 7:27:00 PM
From: Ron Harvey	Read Replies (4) \| Respond to of 4230

Well, now that the deal is off, you're not going to get that lone yacht. Savvy management doesn't announce a deal until it's been completely consummated. Besides the unfortunate yoyo effect on the stock price, management credibility is jeopardized for future announcements. Just a few days of patience could have prevented this foolishness. GREAT WHITE RETRACTS YACHT CENTER DE MEXICO ACQUISITION ANNOUNCEMENT Waco, Texas - August 12, 1998 - Great White Marine & Recreation, Inc. (OTC BB: TGSK) announces that it is retracting its August 11, 1998 announcement stating that Great White entered into an acquisition agreement for the Yacht Center de Mexico, located in Puerto Vallarta, Mexico. Great White's announcement sparked a partnership dispute amongst the Yacht Center's partners which is preventing the proposed acquisition from being consummated. There can be no assurances at this time that the proposed acquisition will successfully be completed. Colin Smith, Great White's President and Chief Executive Officer, stated, "We are sorely disappointed by the partners of the Yacht Center and their lack of communication with one another. We have spent a great deal of time working on this acquisition candidate, but refuse to get drawn into or have or expansion plans delayed by a partnership dispute. It is our intention to expand our sales and distribution services into the Puerto Vallarta area - with or without the acquisition of the Yacht Center."