2014 Press Releases
Grand Banks Appoints Great Southern Marine as a New Dealer in Australia

AUSTRALIA – February 27, 2014 – Grand Banks Yachts Limited ("Grand Banks" or the "Group") announced today that it has appointed Great Southern Marine Pty Ltd, controlled by Mr. Todd Holzapfel ("Mr. Holzapfel") as a new dealer in Australia to represent the renowned international boat brand in one of its leading markets.

To facilitate continuity of operations, the new dealer will continue to operate at the Gold Coast retail store, previously directly managed by Grand Banks. In addition, the dealer has hired two existing Grand Banks retail store employees.

Mr. Holzapfel, a boat enthusiast born on the Gold Coast, has more than 10 years' of marine industry entrepreneurial experience. His business interests have included being a founding partner and current director of Sovereign BBQs & Grills Australia, a manufacturer of high quality compact stainless steel marine & Recreational Vehicles' ("RV") BBQs.

He was a founding partner in Ultra Marine Products Pty Ltd, a trader and supplier of predominantly European marine equipment, including the market leading Ultra Anchors range of anchoring equipment. Both companies' products have been used on board Grand Banks yachts for years. Mr Holzapfel will now focus on his new role as a Grand Banks dealer.

"In my own businesses, we provide a consistently high level of customer service and regularly go the extra mile. This approach to business has created many repeat customers and consistent word of mouth referrals. I take great satisfaction from the praise we receive for our efforts from delighted customers. I will be bringing these standards and work ethic to my new role for the benefit of Grand Banks owners. I look forward to working as a part of the Grand Banks team," said Mr. Holzapfel.

Additionally, Grand Banks also appointed Stan Miller Yachts as a new dealer for the states of Washington, Oregon, Alaska, Wyoming, Utah and Idaho in the United States effective 1 March 2014.

Mr. Peter Poli, Grand Banks' Acting Chief Executive Officer, said, "Todd Holzapfel is deeply experienced in the Australian marine industry. Brad and John Buettner, the co-owners of Stan Miller Yachts, have a vast network and depth of experience in the U.S. boating scene. Grand Banks will be able to leverage on their combined strengths in an effort to boost sales in Australia, as well as the U.S. Pacific Northwest."

Mr. Hank Compton, previously the Managing Director of Grand Banks Australia, has relocated to Singapore and is responsible for all dealer sales efforts outside of North America including Asia, Europe and the Middle East. Also, Mr. Tucker West, the former Managing Director of Grand Banks Seattle, is now responsible for all dealer sales efforts in North America.

About Grand Banks - With a renowned legacy that dates back to 1956, Singapore-based Grand Banks Yachts Limited is a global brand well known for its vast experience in manufacturing and selling luxury motor yachts. The Grand Banks brand is recognized across the globe for superior quality and craftsmanship which created one of the most acclaimed and highly sought-after yachts on the market today. The Group’s manufacturing facility is located in Pasir Gudang in Malaysia. Grand Banks has dealers based in North America, Europe and Asia-Pacific. Grand Banks was listed on the SGX in 1987 and upgraded to the Main Board in 1993. For more information visit www.grandbanks.com.

Media Contact
Dave Northrop
1866 Ottawa Beach Road
Suite M
Holland, MI 49424
Tel: 206 352 0116
Fax: 206 352 1711

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