Victory Marine Holdings Provides Corporate Update
Victory Marine Holdings Corp. (OTC PINK:VMHG) announced key developments aimed at expanding its product offerings and strengthening partnerships. The company is negotiating to purchase used boats from Venezuela, exploring mergers and acquisitions, and expanding financing and service agreements. Additionally, it plans to enhance its brokerage business and conduct sea trials for new models in the UAE. CEO Orlando Hernandez expressed optimism about securing financing for growth and emphasized the company’s commitment to transparency with shareholders.
- Negotiating to purchase used boats from Venezuela to expand inventory.
- Exploring mergers and acquisitions for manufacturing partnerships.
- Expanding financing and service agreements to enhance offerings.
- Implementing an aggressive sales and marketing program to boost brokerage listings.
- Conducting sea trials in UAE for new Victory Yachts models.
- Reliance on Venezuela for used boat acquisitions raises geopolitical risks.
- Current discussions for financing and partnerships are still in early stages.
MIAMI, FL / ACCESSWIRE / June 8, 2021 / Victory Marine Holdings Corp. (OTC PINK:VMHG) is pleased to provide a corporate update for shareholders, partners and customers.
1. To further expand its product offerings and increase inventory, Victory Marine Holdings Corp is negotiating the purchase of used boats and yachts from Venezuela.
2. The Company is in discussions with multiple manufacturers for the purpose of entering into negotiations for merger and acquisitions, Joint Ventures, and for the production of Victory Yachts vessels.
3. The Company is expanding partnership agreements to include financing, insurance and service agreements.
4. Implementing an aggressive sales and marketing program to expand our brokerage business with additional listings on victoryyachts.com.
5. Management will be traveling to UAE within the next quarter for final sea trial and inspection on multiple models that the company will be incorporating as part of the Victory line up.
6. High level discussions with multiple and former law enforcement and military personnel to hire as outside consultants for our ArmaCraft line of Military and Tactical vessels.
Orlando Hernandez, Victory Marine Holdings CEO stated, 'It is my pleasure to outline some of the initiatives in our business plan and provide the reasoning behind such decisions. For example, in Venezuela there are a good amount of boats for sale, and our partnerships and contacts will allow us an opportunity to begin acquiring boats at discounted prices. In Venezuela, the government and the opposition are engaged in a bitter power struggle . The South American country has been caught in a downward spiral for years with growing political discontent further fuelled by skyrocketing hyperinflation, power cuts and shortages of food and medicine, all of which has resulted in high end and luxury items such as boats being available."
"Our success in 2020 as related to our high number of boat sales has resulted in advanced discussions for the manufacturing of vessels that will be built to our specifications which will result in the launch of a Victory line of boats and yachts. We are also having discussions with bankers, insurance providers and other markets within the boating space that we believe will establish new partnerships and allow us to provide our current and prospective customers with better pricing for ancillary services."
"Although we are in early stages of discussions with a number of bankers and institutional investors, I am optimistic that we can attain financing and equity investments that can expand our operations. Today's shareholder update should be indicative of our desire to keep investors informed and aware of all of our corporate developments and we will continue to do so, in order that everyone can build their own clear picture of the opportunity."
About Us
Victory Marine Holdings is a recreational marine provider seeking to bring the best product and best service in different areas of this amazing industry. We are focused on providing our client a one-stop experience in all their recreational marine needs, from new and used boats to financing, insurance, documentation and accessories.
In 2014 Victory Yacht Sales opened it door as a world class yacht sales, brokerage and consulting firm with a founder that has over 25 years of experience in the boating industry, from building world class offshore center console boats such as Midnight Express, Latitude Powerboats, Apache and Cigarette. The company is located in sunny Miami Florida, the yacht capital of the world. Victory Yacht Sales has partnered with selective world class yacht manufacturers as Johnson Yachts, Mazu Yachts, Sunreef Luxury Catamarans, Heliothrope Catamarans as well as yacht tenders manufacturer Argos Nautic. To view our inventory, please visit https://www.victoryyachts.com/
Forward-Looking Statements
Forward-Looking Statements certain statements in this release that are not historical facts are 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified using words such as 'anticipate,' 'believe,' 'expect,' 'future,' 'may,' 'will,' 'would,' 'should,' 'plan,' 'projected,' 'intend,' and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.
Investor Relations Contact:
Andrew Barwicki
516-662-9461
Andrew@barwicki.com
SOURCE: Victory Marine Holdings Corp.
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https://www.accesswire.com/650917/Victory-Marine-Holdings-Provides-Corporate-Update
FAQ
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