News

October 25, 2006

Cobalt Yachts Releases Designs Of First Models

(VONORE, TN -- October 25, 2006) Following the acquisition and conversion of a 375,000 square-foot manufacturing plant in Vonore, Tennessee earlier in the year, Cobalt Yachts has been executing its plan to develop a new range of Express Cruiser Yachts. The first two models under development are the Cobalt Yacht 45 and the Cobalt Yacht 36.

Cobalt’s first yachts present a striking profile design. While maintaining Cobalt-specific styling DNA elements that have made Cobalt’s design such a hallmark over the years, both the 45 and 36 feature an innovative signature style of bonded side windows extending along the entire length of their hull sides. Innovation abounds, not just in exterior styling but in interior design and features as well. With high-end interiors, complimented by megayacht-standard custom cabinetry, Cobalt Yachts will be setting new standards for quality, space utilization, features and workmanship in the 35 to 60ft segment it is targeting. Designed and engineered to exacting specifications for open water performance and saltwater durability, every new Cobalt Yacht model will undergo an elaborate offshore testing and engineering validation program prior to production start.

Cobalt Yachts has attracted some exceptional industry engineering talent from a number of reputable yacht builders. “Development of both the 45 and 36 are at an advanced stage, and on schedule for an early 2007 public launch” said Constantinos K. Constantinou, President of Cobalt Yachts. “As evidenced by numerous innovative engineering systems and solutions, our Development team has been doing a fabulous job of designing and engineering these exciting new models from a clean sheet”.

“We can’t wait to present our first two Yachts” said Pack St. Clair, Chairman of Cobalt. “We feel confident in our ability to live up to Cobalt’s reputation in offering a quality product for the discriminating boater wishing to own something very special”.

Cobalt Yachts is a wholly-owned subsidiary of Fiberglass Engineering, Inc. (DBA Cobalt Boats). The company employs over 850 associates at its Cobalt Boats Neodesha, KS base. The Cobalt Yacht facility in Vonore, TN currently numbers 65 associates.

Yacht Club Sales & Service in Coeur d’Alene, ID, is looking forward to receiving some of the first Cobalt Yachts to be distributed in the country in June 2007.