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Boatbuilders make news in a variety of ways, among them by debuting new models and announcing business expansions or quarterly financial results.

Nautic, Channel Blade team up on lead management

Nautic Global Group officially endorsed Channel Blade’s Web solutions for its dealers. Channel Blade is a leading provider of online lead generation, lead management and sales education solutions in the marine industry. Effective immediately, NGG will provide 100 percent reimbursement through Flex Funds – its co-op program – for ARI/Channel Blade’s approved online solutions, including…more

Crownline auction postponed

An auction that was scheduled to take place this morning in Chicago for the assets of Crownline Boats has been “postponed indefinitely,” according to a spokeswoman at the law office of Proskauer Rose. She did not have any information as to why this morning’s auction was cancelled. The auction was set to begin at 10…more

Twin Disc reports 4Q, year-end results

Twin Disc Inc. today reported financial results for the fourth quarter and fiscal year ending June 30. Sales for the 2009 fourth quarter were $72 million, compared to $90.3 million for the fourth quarter of 2008. Net earnings were $2.8 million, or 25 cents per diluted share, compared to $7 million, or 62 cents per…more

Crownline assets to be auctioned off next week

A sale of Crownline Boats’ assets is set for 10 a.m. Aug. 7 in Chicago. According to the Chicago Tribune, the assets to be sold include, but are not limited to, all of Crownline’s machinery, equipment, tooling, fixtures, molds, furniture, intellectual property, computer equipment, operating systems, accounts receivable, raw and finished goods inventory and customer…more

KVH reports 2Q results

KVH Industries today reported revenue was down 2 percent for the second quarter of 2009, and net income also was down for the period. Revenue for the second quarter of 2009 was $21.9 million, while net income for the period was $0.2 million, or one cent per diluted share. During the same period last year,…more

AB Marine earns BASC certification

AB Marine Group, manufacturer of AB inflatables, earned certification from the Business Alliance for Secure Commerce. BASC is a business-customs partnership created to promote safe international trade in cooperation with governments and international organizations. Its mission is to promote world trade by establishing and administrating global supply chain security standards and procedures in partnership with…more

Cole Hersee releases new catalog

Cole Hersee Company, a leading manufacturer of heavy duty electronic and digital products, introduced a new marine catalog. This newly designed, full-color catalog details the company’s line of switches and products for the marine industry. This all-inclusive catalog includes informative sidebars and three indexes, making it easier for customers to find the parts that suit…more

DeMartini to manage PR for Cigarette

Marilyn DeMartini announced that her agency, PR Power, will represent Cigarette Racing Team, handling press and public relations for the South Florida-based builder of custom performance powerboats. DeMartini previously worked with Cigarette for five years. “We have always had a great relationship,” said Skip Braver, president and CEO of Cigarette Racing Team, in a statement.…more

Teleflex reports Q2 financial results

Teleflex Inc. today reported a 14 percent decrease in revenue for the second quarter ended June 28, 2009, including a 25 percent decrease in commercial segment revenue, which includes marine. Revenues from continuing operations were $483.1 million, compared to $559.7 million in the second quarter of 2008. The decline resulted from a decrease in core…more

Navico takes steps to ensure financial stability

Navico reached an agreement with its lenders that the company says will improve its financial strength and flexibility, through an increase in equity and convertible debt, by $189.9 million. The electronics manufacturer says its position in the market is further strengthened by several operational changes, where the different companies Navico has acquired have been merged into…more

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