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Sealegs Hits 50 Boats

Sealegs Hits 50 Boats

Auckland, 09 August 2005: Listed marine company, Sealegs Corporation Limited (NZX:SLG), today announced that production orders of the amphibious boats manufactured by Sealegs International Limited had reached 50 orders.

Production of the 5.6m amphibious boats is done in stages in East Tamaki and Auckland’s North Shore. The Sealegs amphibious boats are specially designed to fit inside a standard 20ft container for ease of shipping them to international customers worldwide.

Sealegs CEO Mr David McKee Wright says that “Sealegs is pleased with hitting the 50 boat milestone, especially since the first Sealegs amphibious boat was delivered only 15 months ago”.

Production of the Sealegs amphibious boats is currently running at approximately three boats per month. Mr McKee Wright says the search is also on for larger production facilities to increase production capabilities so that lead times for new customer orders can be reduced.

ENDS


New Sealegs boats leaving the factory for customers in the UK, Australia and New Zealand.

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 set a new world record for the fastest crossing of the English Channel by an amphibious vehicle in June 2005.

Sealegs amphibious boats are used by customers in New Zealand, Australia, Dubai, France, UK and the USA.

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.

For more information on Sealegs see www.sealegs.com

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