Liberty Pulls Out on Fountain, Donzi & ProLine
 

PRESS RELEASE



Liberty Ceases Providing Management Services to
American Marine Holdings


Boca Raton, FL and Washington, NC – October 7, 2011: Liberty makes the following announcement regarding its participation in American Marine Holdings (AMH), which includes the boat brands Donzi, Fountain and Pro-Line.

Effective today, Liberty has ceased providing management services to AMH and Liberty’s affiliate has transferred its nominee ownership interest in AMH to FCC, LCC d/b/a First Capital, a portfolio company of HIG Capital. Liberty has enjoyed its part in steering the company through the very difficult times that the boat manufacturing industry has experienced recently, and wishes FCC continued success with AMH in the future.

Starting in 1964, Donzi, Pro-Line and Fountain have established themselves national and international recognized brand leaders in offshore powerboat racing, performance and recreational fishing tournaments, the performance Cruiser marketplace, while building a loyal, worldwide customer base. The three brands are manufactured in a modern 250,000 square-foot facility on the Pamlico River in Eastern North Carolina.

Is this a really bad thing?

Good question, I hate seeing the great FOUNTAIN, name and reputation, getting passed around like a commodity.

+1 they really screwed that whole situation up.. Reggie F. included. Not the end of the world, they just need to 'right size' their production and cost structure to fit a very slow economy. (think what GM did)

It would be a damn shame to lose Donzi or Fountain. I hope they can pull through.

Did u ever get that wakeboard tower put on yet?

phase 2...

Knew it was coming, just did'nt think it'd of taken this long. :rolleyes:

What does this actually mean??

its complicated......because of the way some of the lines were structured into different entities....the service department should continue to operate as always....as far as the rest its anyone's guess