$VMHG MIAMI, March 26, 2019 (GLOBE NEWSWIRE) -- v
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Posted On: 03/26/2019 8:35:09 AM
$VMHG
MIAMI, March 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE—Victory Marine Holdings (OTC: VMHG) announces today that the company will aggressively pursue manufacturing contracts to fill Coastal Interceptor Fleets for use by United States Department of Homeland Security, Customs and Border Protection (CBP) Air and Marine Operations (AMO) in U.S. and abroad.
The Company intends to provide top of the line interceptor boats offering CBP Marine Interdiction Agents a safe working platform with outstanding performance, sea keeping and mission capabilities. The initiative is result of what VHMG execs see as a sizable opportunity as border vulnerabilities, particularly oceanic borders, become a higher threat to homeland security as a result of land-to-land borders intensifying, further exposing the wide ocean coast to threats of maritime smuggling, illegal immigration and potential acts of terrorism.
The Board has approved this initiative, a derivative of the Company’s previously announced discussions to service military contracts through a brand which can be white labeled under strict supervision and rigid industry specs. Victory Marine currently has two LOI in negotiations with intent to cultivate a boat brand specifically geared toward security, including offshore security patrol vessels for surveillance, intervention and protection of offshore assets in the Gulf of Mexico and the Pacific Ocean. The brand will also focus on protection of oil and gas assets along U.S. coast as well as offshore.
The history of AMO’s marine program dates back to 1789 when the United States established the U.S. Customs Service and deployed a fleet of vessels to patrol U.S. coastal waters and prevent the smuggling of contraband.
Today, AMO has approximately 1,660 federal employees, including 1,200 federal agents, 240 aircraft, and 300 marine vessels operating throughout the United States, Puerto Rico, and U.S. Virgin Islands.
AMO interdicts unlawful people and cargo approaching U.S. borders, investigates criminal networks and provides domain awareness in the air and maritime environments, and responds to contingencies and national taskings.
In Fiscal Year 2018, AMO enforcement actions resulted in the approximate seizure or disruption of 283,503 pounds of cocaine; 301,553 pounds of marijuana; 180,444 pounds of methamphetamine; 872 weapons and $34.2 million; 2,373 arrests and 47,744 apprehensions of illegal aliens.
CEO Orlando Hernandez comments, “We are excited to be moving forward with an initiative we feel will be both profitable and a service to security in the U.S. and abroad from a number of threats. I have previously built more than 40 high speed interceptors for Homeland Security under the Midnight Express brand and feel the experience and relationships therein will give the Company a viable path to long-term success in the first of a number of specialty divisions we will roll out strategically and with scalability.”
About The Company
Victory Marine Holdings (OTC:VMHG), is a recreational marine provider seeking to bring the best product and best service in different areas of this amazing industry. We are focused on providing our client a one stop experience in all their recreational marine needs from new and used boats to financing, insurance, documentation and accessories. To view our inventory, please visit https://www.victoryyachts.com/ For investor information, please visit https://victorymarineholdings.com/. Be sure to like us on Facebook and to receive future press releases via email, please visit: https://victorymarineholdings.com/email-alerts/.
MIAMI, March 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE—Victory Marine Holdings (OTC: VMHG) announces today that the company will aggressively pursue manufacturing contracts to fill Coastal Interceptor Fleets for use by United States Department of Homeland Security, Customs and Border Protection (CBP) Air and Marine Operations (AMO) in U.S. and abroad.
The Company intends to provide top of the line interceptor boats offering CBP Marine Interdiction Agents a safe working platform with outstanding performance, sea keeping and mission capabilities. The initiative is result of what VHMG execs see as a sizable opportunity as border vulnerabilities, particularly oceanic borders, become a higher threat to homeland security as a result of land-to-land borders intensifying, further exposing the wide ocean coast to threats of maritime smuggling, illegal immigration and potential acts of terrorism.
The Board has approved this initiative, a derivative of the Company’s previously announced discussions to service military contracts through a brand which can be white labeled under strict supervision and rigid industry specs. Victory Marine currently has two LOI in negotiations with intent to cultivate a boat brand specifically geared toward security, including offshore security patrol vessels for surveillance, intervention and protection of offshore assets in the Gulf of Mexico and the Pacific Ocean. The brand will also focus on protection of oil and gas assets along U.S. coast as well as offshore.
The history of AMO’s marine program dates back to 1789 when the United States established the U.S. Customs Service and deployed a fleet of vessels to patrol U.S. coastal waters and prevent the smuggling of contraband.
Today, AMO has approximately 1,660 federal employees, including 1,200 federal agents, 240 aircraft, and 300 marine vessels operating throughout the United States, Puerto Rico, and U.S. Virgin Islands.
AMO interdicts unlawful people and cargo approaching U.S. borders, investigates criminal networks and provides domain awareness in the air and maritime environments, and responds to contingencies and national taskings.
In Fiscal Year 2018, AMO enforcement actions resulted in the approximate seizure or disruption of 283,503 pounds of cocaine; 301,553 pounds of marijuana; 180,444 pounds of methamphetamine; 872 weapons and $34.2 million; 2,373 arrests and 47,744 apprehensions of illegal aliens.
CEO Orlando Hernandez comments, “We are excited to be moving forward with an initiative we feel will be both profitable and a service to security in the U.S. and abroad from a number of threats. I have previously built more than 40 high speed interceptors for Homeland Security under the Midnight Express brand and feel the experience and relationships therein will give the Company a viable path to long-term success in the first of a number of specialty divisions we will roll out strategically and with scalability.”
About The Company
Victory Marine Holdings (OTC:VMHG), is a recreational marine provider seeking to bring the best product and best service in different areas of this amazing industry. We are focused on providing our client a one stop experience in all their recreational marine needs from new and used boats to financing, insurance, documentation and accessories. To view our inventory, please visit https://www.victoryyachts.com/ For investor information, please visit https://victorymarineholdings.com/. Be sure to like us on Facebook and to receive future press releases via email, please visit: https://victorymarineholdings.com/email-alerts/.
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