Chaparral Earns Two More Product Awards
ATLANTA, March 3 /PRNewswire-FirstCall/ — Marine Products Corporation (NYSE: MPX) today reported that its wholly owned subsidiary, Chaparral Boats, Inc., has been recognized by two highly-respected boating magazines for product excellence. Marine Products is a leading manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by Chaparral, including Premiere Sport Yachts, Signature Cruisers, SSi Wide Techs, SSX Bowriders, Sunesta Wide Techs and Xtremes; and outboard sport fishing boats by Robalo.
Adding to more than 43 awards for product excellence over Chaparral’s 45-year history, Boating magazine has named the new 310 Signature as one of 2010′s “10 Best Boats,” and Trailer Boats awarded Chaparral with an “Excellence in Design” award for the popular 204 Xtreme. Both of these awards were presented to Chaparral management at the recent Miami Boat Show.
Boating cited Chaparral’s 310 Signature for its innovative hull design, fuel economy, and good handling at both low and high speeds, as well as its superior roominess for its size class. Trailer Boats recognized Chaparral for the third consecutive year, stating that the 204 Xtreme “blows the hatches off of conventional bowrider design,” and highlighted the boat’s motorized wakeboard tower, its integrated ballast system and the Wide Tech bow design.
Recognition by these two magazines is a testimony to the design excellence and forward thinking of the research and development team at Marine Products. Highlighted by these awards and recognitions, consumers realize that even through the ongoing season of a challenging economic environment, the company continues to have the fortitude to put the customer first by focusing on the creative development of stellar products.
Marine Products Corporation (NYSE: MPX) designs, manufactures and distributes premium-branded Chaparral sterndrive and inboard pleasure boats; Premiere Sport Yachts; and Robalo sport fishing boats, and continues to diversify its product line through product innovation and is prepared to consider strategic acquisition targets. With premium brands, a solid capital structure, and a strong independent dealer network, Marine Products Corporation is prepared to capitalize on opportunities to increase its market share and to generate superior financial performance to build long-term shareholder value. For more information on Marine Products Corporation visit our website at www.marineproductscorp.com.
For information contact: JIM LANDERS Vice President, Corporate Finance (404) 321-2162 firstname.lastname@example.org SHARON LENNON Manager, Investor Relations (404) 321-2172 email@example.com
SOURCE Marine Products Corporation