Recreational marine provider Victory Marine Holdings Corp. (OTC: VMHG) this morning announced its entry into a tentative agreement to lease a 7,000 square foot manufacturing facility located in Miami, Florida. The facility will serve as the new location for Victory Marine’s wholly owned Excalibur Trailers USA, Corp. and is expected to enable the company to begin manufacturing its own line of boat trailers by year-end 2018. In addition, the company is actively focused on its goal to begin manufacturing a unique line of boats and believes that entering these two markets has the potential to drastically increase overall revenue and profit margins with products manufactured and sold by Victory Marine Holdings.
VMHG CEO Orlando Hernandez stated in the news release, “This is exciting news for us and the entire company as we continue to make fast progress on our boat trailer manufacturing plans. Is good to note that 95% of power boats are less than 26 feet in length. Most of these boats are sold with a trailer and allow our company to expand into a market with very strong demand and a very high volume of sales.”
To view the full press release, visit http://nnw.fm/tj5AO
About Victory Marine Holdings Corp.
Victory Marine Holdings Corp. is a recreational marine provider seeking to bring the best product and best service in different areas of this amazing industry. The company is focused on providing its clientele with a one-stop experience for all of their recreational marine needs, from new and used boats to financing, insurance, documentation and accessories. For more information, visit the company’s website at www.VictoryYachts.com
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