NetworkNewsBreaks – Why Victory Marine Holdings
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Posted On: 11/07/2018 5:08:12 PM
NetworkNewsBreaks – Why Victory Marine Holdings Corp. (VMHG) is “One to Watch”
Miami, Florida-based Victory Marine Holdings (OTC: VMHG) is a yacht sales, brokerage and consulting business with an extensive inventory of new and used boats, financing, insurance, documentation and recreational marine accessories. A recent article discussing the company reads, “According to the NMMA, marine sales reached $39 billion in 2017. To capture its share of this market, Victory Marine has established partnerships with several selective manufacturers and is pursuing opportunities for vertical growth. While the company’s near-term focus is on expansion of its inventory and sales team, its longer-term plans reflect the current state of the broader yacht industry. … Marine sales are at a 10-year high, and though yacht manufacturers are operating at full capacity, delivery of some products can take longer than 18 months. As a result, Victory Marine is taking steps to establish its own pipeline. Management is currently in negotiations with several yacht manufacturers to build the company its own unique, private-label design, which would enable Victory Marine to quickly deliver a superior product to its clients.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Miami, Florida-based Victory Marine Holdings (OTC: VMHG) is a yacht sales, brokerage and consulting business with an extensive inventory of new and used boats, financing, insurance, documentation and recreational marine accessories. A recent article discussing the company reads, “According to the NMMA, marine sales reached $39 billion in 2017. To capture its share of this market, Victory Marine has established partnerships with several selective manufacturers and is pursuing opportunities for vertical growth. While the company’s near-term focus is on expansion of its inventory and sales team, its longer-term plans reflect the current state of the broader yacht industry. … Marine sales are at a 10-year high, and though yacht manufacturers are operating at full capacity, delivery of some products can take longer than 18 months. As a result, Victory Marine is taking steps to establish its own pipeline. Management is currently in negotiations with several yacht manufacturers to build the company its own unique, private-label design, which would enable Victory Marine to quickly deliver a superior product to its clients.”
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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