Lake Geneva, WI (PRWEB) December 17, 2007
Z Yachts, Inc. announced last week that its common stock (OTCBB: ZYAT) has been cleared for trading on the OTC Bulletin Board.
"We are very pleased to announce that our stock has been cleared for trading and that a market now exists for our stockholders and interested investors. This is a significant milestone for us as a company and enhances our ability to raise additional capital to continue our expansion in reaction to current conditions in the recreational marine market," stated James Weller, CEO and founder.
The initial stock offering from the national marine brokerage, founded in 2002, comes at the same time as a report from Spader Cos. that 2007 dealer sales through October showed a 14.2-percent increase in pre-owned boat sales, while new boat sales were up only slightly.
"Z Yachts has spent the last five years putting together buyers and sellers of pre-owned boats, both here in the United States and overseas," said Jason Eck, COO and co-founder. "We have refined our processes, created systems and developed strategic partnerships in preparation for market conditions as we foresaw developing when we founded the company."
The most recent strategic partnership entered to support Z Yachts' national network of brokers is with Boat-Chek.com, a third-party provider of boat history data, both domestic and international. The partnership provides brokers and buyers confidence in the quality of the boats being bought through Z Yachts, Eck said.
Z Yachts is also actively pursuing brokerage opportunities and strategic alliances in Europe and Dubai, putting together sellers in the United States with international buyers strengthened by the buying power of the Euro.
Westminster Securities Corporation (509-892-5590) has been engaged as the market maker and will provide quotations in the company's common stock.
About Z Yachts, LLC:
Z Yachts is a national marine brokerage network with competitive advantages that include a proprietary marine management system, strategic relationships with marine lenders, a manufacturer direct sales program, a listing automation system and an established brand that has become increasingly known as the honest and helpful local brokerage with a powerful marketing arm behind it. Z Yachts maintains a national network of active brokers and sales agents who list and sell pre-owned boats and yachts.
This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.
Z Yachts, Inc. (OTC Bulletin Board ZYAT)
Z Yachts, Inc
877-885-1650 ext 83