Company to introduce new Pininfarina designed, high performance cruiser at show WASHINGTON, Mo., Feb. 11 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. ("Challenger") (OTC:CPBI) (BULLETIN BOARD: CPBI) , a manufacturer of powerboats, tow boats and water-jet powered sport boats, will exhibit its line of boats at the Miami International Boat Show, produced by the National Marine manufacturers Association, taking place February 14-18, which spans over three venues: the Miami Beach Convention Center, the Sea Isle Marina and Yachting Center and the Miamarina at Bayside. The Company chose the site of the world's largest boat show to premiere its luxury, high performance cruiser created by the Italian design group, Pininfarina, the Challenger Limited Edition PF36. Pininfarina, most notably known for its unique designs of Ferrari and Maserati sport cars, as well as yachts and private jets, has designed a 36 foot boat, using Challenger's patented Duo-Delta Conic ("DDC") hull design, sleek carbon fiber architecture, twin Mercury 662 horse power engines and a luxuriously appointed cabin. Challenger will introduce its new model on VIP day (February 14) at booth 3781. Production of the Pininfarina designed boat will be limited to 25 boats during its introduction year and offered only at selected locations around the world. Commenting on the event, Challenger's CEO, Laurie Phillips, said, "Through our collaboration with Pininfarina, we have created a magnificent boat with sleek design elements, unique power configuration and carbon technology, to produce a rare experience in boating. We strategically chose the Miami International Boat Show to introduce our luxury, high performance cruiser because of the eclectic crowd of boat connoisseurs, sportsman and pleasure that it attracts from around the world. We believe boat lovers will equally recognize our boat for its matchless design and high performance capabilities -- a must own for the discerning buyer. "The unique style of the boat, couple with our DDC hull, delivers smooth rides even in the roughest waters, while promoting ease of control at high speeds, in addition to looking incredible." Ms. Phillips added, "We will also be displaying our world class line of tow boats marketed under the Gekko brand, the water-jet powered open bow cruisers of our Sugar Sand brand, and our off-shore, family performance series Challenger brand. Considering the significant rise in demand for our boats over the last six months, we're expecting a banner year for 2008. We are actually ramping up production to address increased demand and to ensure ample inventory for upcoming boat shows for our expanding dealer network. The addition of the Pininfarina boat is expected to contribute to our success this year. Since production of the Pininfarina will be limited in it introductory year, we intend to offer them in very limited quantity in strategic locations around the world to ensure that the boats will retain their distinguished identity and exclusivity in their respective geographic markets." The Miami International Boat Show is considered the "greatest boat show in the world". It will take place February 14-18, 2008. For more information on the show, visit: http://www.miamiboatshow.com/. About Challenger Powerboats, Inc. Challenger Powerboats, Inc. designs and manufactures high performance 'go fast' offshore racing boats, family sport cruisers, jet boats and water ski tow boats under the brands 'Challenger Powerboats', 'Sugar Sand' and 'Gekko', which target the recreational boating market. Proven world-class technology is incorporated into the manufacturing of our award winning boats at the Company's 65,000 sq. ft. facility located on our 12 acre complex in Washington, Missouri and 80,000 sq. ft facility in Fargo, North Dakota. The Company's boats are sold through our dealer network in the United States, Canada, Mexico, Europe, Australia, the Middle East and Japan. In 2006, Gekko was selected as an official tow boat for the World Barefooting Championships, and the European Barefooting Championships in 2005. To find out more about Challenger Powerboats, Inc. please visit http://www.challengerpowerboats.com/, http://www.sugarsand.com/, http://www.gekkosports.com/ or http://www.sec.gov/ to view the Company's public financial information and filings. Forward-Looking Statements This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. Contact: Michael Novielli, +1-845-575-6770, DATASOURCE: Challenger Powerboats, Inc. CONTACT: Michael Novielli, +1-845-575-6770, , for Challenger Powerboats, Inc. Web site: http://www.challengerpowerboats.com/ http://www.sugarsand.com/ http://www.gekkosports.com/

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