2010 Press Releases
Grand Banks Celebrates Strong Start to New Year in Miami<
New Dealers, New Models Among Highlights for 2010

MIAMI BEACH – February 11, 2010 – Grand Banks Yachts kicked off the 2010 Yacht and Brokerage Show in Miami Beach today with strong momentum and a solid lineup of new yachts on display.

"We're coming into Miami on a rising tide of sales activity from recent boat shows in Düsseldorf and Seattle," said Neil McCurdy, the company's Vice President of Sales and Service. "At both events our dealers sold new stock inventory on display, with good brokerage deals adding to their success. We've also secured several new retail orders to start the year, and the rise in customer inquiries makes us very positive for the months ahead."

New Eastbay, Aleutian Models Ready for Launch
That confidence is bolstered by upcoming launch of several new models from Grand Banks. Tomorrow at the Eurasia Boat Show in Istanbul the company will debut its new 46 Eastbay SX, the first of its Down East-styled Eastbay models to feature the revolutionary Zeus propulsion system from Cummins MerCruiser Diesel. With standard twin 600-horsepower diesels, the 46S Eastbay SX has top speeds of well over 30 knots, with improved handling and fuel economy thanks to the Zeus propulsion system.

Grand Banks is also readying to ship its first 72 Aleutian SC, a four-stateroom addition to the raised-pilothouse Aleutian Series. This new model joins the 72RP as the largest and most luxurious yachts in the Grand Banks fleet, with each boasting a high-performance Fexas-designed hull acclaimed for its stability, safety, and comfort in open-water cruising.

Perhaps the most anticipated new model from GB this year, the 53 Aleutian RP is now in the final stages of production. As the smallest yacht in the Aleutian Series, the 53RP still brings a level of amenities, luxury and performance that easily keeps pace with her larger predecessors. A completely new hull and deckhouse, as well as new interior layouts, allow the 53RP to offer unrivaled space and comfort for a vessel of this size.

"Grand Banks continues to thrive even in these tough economic times, and these new models are hard evidence of that fact," said McCurdy. "We have an incredible team of people, a growing dealer network, and strong leadership that is committed to building the GB brand worldwide."

New Dealers Appointed in Florida, Great Lakes
On Monday, Grand Banks announced two new Authorized Dealers selected to represent the luxury boatbuilder across the Southeast United States. Galati Yacht Sales will manage GB sales along the Gulf region from Alabama down through the west coast of Florida, while HMY Yacht Sales will represent Grand Banks on Florida's east coast.

"We're extremely pleased to be working with two of the top sales groups in this industry," said Grand Banks President and CEO Rob Livingston. "Both Galati and HMY bring tremendous expertise, integrity and customer commitment to their work. GB owners and buyers can expect nothing but the best from these organizations."

In January, Grand Banks announced the appointment of Walstrom Marine as its new Authorized Dealer for the Great Lakes region of the United States. Walstrom will manage GB sales through its three offices in Northern Michigan, at Cheboygan, Harbor Springs and Bay Harbor.

Looking Ahead
These many new developments are some of the reasons that despite an economic slump affecting much of the marine industry. Grand Banks remains strongly positioned to weather the financial storm for this season and well into the future.

"We're fortunate in a number of ways, despite the current market conditions," said Livingston. "Grand Banks continues to be among the most highly regarded brands anywhere. Our cash reserves are strong, and the company continues to invest in improving our yachts and our processes every day."

About Grand Banks
Since 1956, Grand Banks Yachts, Ltd. has built yachts of superior quality that have become industry hallmarks and earned a loyal following around the world. Renowned for their handmade craftsmanship, distinctive good looks, and tried and true all-weather capabilities, Grand Banks yachts continue to be the choice of discerning boaters today. Learn more about the company and its Heritage, Eastbay, and Aleutian series yachts at grandbanks.com.

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Media Contact
Jonathan Cooper
2288 West Commodore Way
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