NetworkNewsBreaks – Victory Marine Holdings Corp
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Posted On: 10/30/2018 5:16:41 PM
NetworkNewsBreaks – Victory Marine Holdings Corp. (VMHG) Enters Lease Agreement for New, Florida-Based Trailer Manufacturing Facility
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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