Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Sealegs Starts Successful Direct Sales in Australi

Sealegs Starts Successful Direct Sales in Australia

Auckland, 30 May 2005: Sealegs Corporation Limited (NZX:SLG) today confirmed the introduction of a direct sales model in Australia on the strength of four sales at the recent Sanctuary Cove Boat Show in Queensland.

Sealegs exhibited a demonstration model of its 5.6m amphibious rigid inflatable boat at the show, which attracted considerable interest, with four boats sold, representing around $300,000 in revenue.

Of the four boats sold, one is being delivered to Melbourne, one to Sanctuary Cove and two boats to the Whitsundays.

Chief Executive Officer, David McKee Wright, says “the result of recent marketing and boat reviews in Australia has quickly established the Sealegs product and brand and we are delighted with the response and market feedback. “The interest at Sanctuary Cove clearly demonstrates our decision to focus on international markets with a push into Australia over the next 12 months as the way forward.”

To execute the direct sales model in Australia, Sealegs International Ltd has terminated its relationship with Manis Marine in Sydney. Further Australian boat shows and marketing activities are planned, with a boat show at Airlie Beach, in the Whitsundays on June 11 and 12.

Sealegs, which last week reported record earnings for the last 12 months of $2.57m, also confirmed that its planned attempt on the fastest crossing of the English Channel by an amphibious vehicle is on track for next month. Sealegs Founder, Maurice Bryham, heads for Europe in a few days time to plan the record crossing attempt. UK entrepreneur Richard Branson holds the current record set last year.

Sealegs amphibious boats are also being exhibited at the Hutchwilco New Zealand Boat Show in Auckland, June 2-6.

- End -

About Sealegs Corporation

Sealegs Corporation Limited is a public company listed on the New Zealand Stock Exchange Main Board with the ticker symbol SLG. Sealegs Corporation owns 100% of Sealegs International Limited, the world's leading manufacturer of amphibious boats.

Sealegs International has developed a patent pending system of hydraulically motorised, steerable and retractable wheels for amphibious boats. Designed and built in Auckland, New Zealand, Sealegs International has supplied its amphibious boats to customers in New Zealand, Australia, USA, France, UK and The United Arab Emirates.

For more information on Sealegs see www.sealegs.com

For Hi-resolution photos of Sealegs go to www.sealegs.com/infomedia.htm

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news