Purchasing Fountain Powerboats
#32
Registered
Joined: Sep 2008
Posts: 1,200
Likes: 1
From: LOTO
I never wanted to get involved with all this, but I do have a question. Why isn't Brunswich taking Baja back. If Fountain didn't meet the loan obligation. It goes back, correct? I personnally wish it would have worked out with Fountain and Baja.
#33
I know the perfect place to start a factory!
#35
Like Ive said before, Reggie didnt re-invent the wheel putting stringers back in. We knew what had to be done, was on the path back to stringers, but we had the wrong captain at the wheel too long if you know what I mean. The 405 became the 415 at the end...........with stringers! Outlaws would have followed soon after.
#36
Registered
Joined: Apr 2005
Posts: 2,957
Likes: 1
From: www.bajaboatowners.com
Well hopefully someone pics up the ball and runs with it. Goes back to what made Baja work. IMO the 315 and the 405 where both bad ideas. Went more towards a Sea Ray look and away from the performance Series look.
#39
http://www.offshoreonly.com/forums/g...erboats-4.html
Post #73 by RaceDay500
Our acquisition of secured bank notes of Fountain Powerboats fell a few hours short to Oxford Investment as we were in meetings with Reggie Fountain at his facility on Thursday. It is our understanding that they will be able to run the bid up at the auction to 20 Million dollars. This number does not work to make this a viable investment from us as additional money will be needed to get employees back on the line, re-stock materials and keep the business up and running over the next two years while the country comes back from its current recession. We feel it is a sad day in the boating industry as our expertise and high standards would have helped enhanced the Fountain and Baja lines.
Our passion for building high quality boats is alive and well and we will continue to build Hustler’s full line of boats to the highest standards. We will be coming out with our new 29’ in our Rockit Series at the Miami Boat show to fill that current void in the market place and would like to thank everyone who wished us well over the last few weeks.
We will be looking at new ventures in our industry in the coming months.
Post #84 by TeamShrogren
The Oxford Investment Group owns the note and unless they get outbid at the auction and decide to sell the note (which is highly unlikely) they will then own the company. You most likely will not see any formal announcements until October 9th from them. This is a very well funded investment company with "ALOT" of experience in boat building. They are very smart and have alot of ideas and more importantly they have a business a plan & motto. It will be a different company in some aspects and the changes they want to make will do nothing more than benefit the end user. As a Fountain only dealer for the past six years I will tell you I could not be more excited about what will be coming, VERY EXCITING, Stay tuned but do NOT expect to hear or see much until October 9th.
Regards,
Team Shogren
www.teamshogren.com
Fountain & BAJA By Fountain
847-336-9037
Post #73 by RaceDay500
Our acquisition of secured bank notes of Fountain Powerboats fell a few hours short to Oxford Investment as we were in meetings with Reggie Fountain at his facility on Thursday. It is our understanding that they will be able to run the bid up at the auction to 20 Million dollars. This number does not work to make this a viable investment from us as additional money will be needed to get employees back on the line, re-stock materials and keep the business up and running over the next two years while the country comes back from its current recession. We feel it is a sad day in the boating industry as our expertise and high standards would have helped enhanced the Fountain and Baja lines.
Our passion for building high quality boats is alive and well and we will continue to build Hustler’s full line of boats to the highest standards. We will be coming out with our new 29’ in our Rockit Series at the Miami Boat show to fill that current void in the market place and would like to thank everyone who wished us well over the last few weeks.
We will be looking at new ventures in our industry in the coming months.
Post #84 by TeamShrogren
The Oxford Investment Group owns the note and unless they get outbid at the auction and decide to sell the note (which is highly unlikely) they will then own the company. You most likely will not see any formal announcements until October 9th from them. This is a very well funded investment company with "ALOT" of experience in boat building. They are very smart and have alot of ideas and more importantly they have a business a plan & motto. It will be a different company in some aspects and the changes they want to make will do nothing more than benefit the end user. As a Fountain only dealer for the past six years I will tell you I could not be more excited about what will be coming, VERY EXCITING, Stay tuned but do NOT expect to hear or see much until October 9th.
Regards,
Team Shogren
www.teamshogren.com
Fountain & BAJA By Fountain
847-336-9037


