Excalibur Trailers USA, a wholly-owned subsidiary of Victory Marine Holdings (OTCPK.VMHG), announced today that they received approval from SAE International (Society of Automotive Engineers) to build new custom trailers for recreational boats, as well as for commercial boat transport.
“We have received approval and designation from SAE to manufacture custom recreational boat trailers including utility trailers,” Orlando Hernandez, CEO of the parent company VMHG, said in a statement. “As we continue to push forward on our business plan, we are venturing into the marine aluminum trailer business with the creation of our new subsidiary Excalibur Trailers USA. We are seeing a growing opportunity in this sector due to the increasing demand for recreational boat trailers.”
A recent published article by the National Marine Manufacturers Association (NMMA) shows an ever increase in recreational boat sales for 2018, positioning us in the number one state in USA, Florida with powerboats, trailers and accessories sales topping almost $3 billion followed by Texas and Michigan.
Excalibur Trailers USA has filed the necessary paperwork to trademark their brand name and logo, also their website has commenced to take shape and the next task is to find a suitable manufacturing facility for their boat trailer in South Florida.
Forward-Looking Statements.
Forward-Looking Statements certain statements in this release that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as “anticipate,” “believe,” “expect,” “future,” “may,” “will,” “would,” “should,” “plan,” “projected,” “intend,” and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company’s future operating results are dependent upon many factors, including but not limited to the Company’s ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company’s control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.
