Gold River Productions Inc. (GRPS-Pink Sheets) Discusses Pontoon Boat Decks
27 June 2011 - 11:10PM
Marketwired
John Ohlin, President and Chief Executive Officer of Gold River
Productions Inc. (PINKSHEETS: GRPS), stated, "The marine industry
declined in 2010 with the exception of the pontoon boat segment.
Fiberglass boat sales in the fourth quarter of 2010 were off 26% in
this quarter. However, the pontoon boat segment of the market had a
17.4% increase in May 2011 vs. May of 2010, according to industry
news."
This bodes well for us as the pontoon boat decking portion of
our business plan will be the first product off of the production
line. There are 33 different brands of pontoon boats in the market
as well as numerous sources of replacement parts which includes
decking. The market for these products exceeded $1 billion in 2010,
industry-wide. Further, our panels will greatly benefit the
houseboat segment of the marine industry where we could reduce the
overall weight of one of these water craft by 30%-40%. Our business
plan calls for sales from the pontoon boat segment to exceed $15
million by the fifth year of business. We expect total sales from
the marine and our patent pending P.V. solar roof segments to
exceed $80 million in the same period. With our ability to reduce
the weight of pontoon boats decking, house boats, utility trailers,
towable R.V.s, horse trailers, and city delivery truck bodies by
30%-40%, which significantly lowers operating costs which only seem
to get higher each year, our business in these market segments will
provide wonderful growth in the years to come for our company and
investors," Mr. Ohlin said.
For complete information on the Company please go to our web
site www.atpanels.com
Except for historical information contained herein, the
statements in this release are forward-looking statements that are
made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements involve known and unknown risks and uncertainties that
may cause the company's actual results in future periods to differ
materially from forecasted results. Such risks and uncertainties
include, but are not limited to, market conditions, competitive
factors, the ability to successfully complete additional financing
and other risks.
Contact: Mr. John Ohlin President/CEO 801-523-2744
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