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Is Fountain Introuble ?

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Old 11-20-2008, 02:34 PM
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Originally Posted by Rocco View Post

Sarandes, 61, said he was on Fountain’s Board of Directors for about a year.

He said Fountain CEO Reggie Fountain Jr. personally asked him to join the board.

“I told him I’d give it a try,” said Sarandes.

Sarandes is a 10-year veteran of powerboat racing and sponsored Fountain at races for four years before joining the board.

He cited the main reason for resigning as the company’s weakening commitment to powerboat racing.

“It just got to where racing wasn’t a priority,” he said.

Sarandes, a resident of Ocala, Fla., said he also resigned to concentrate on other business ventures.

“There is a consulting project I’m involved with,” the semi-retired entrepreneur said.

“I bit off more than I could chew, as far as Fountain,” he said.

A ten year racing veteran should know that while racing improves R&D on their boats, it costs TONS of money that they aren't making back right now.

That said, OF COURSE they've put less priority into racing lately.....they need the money they're making to keep the remaining jobs and the company as a whole employed. Pretty simple concept to understand for a board member I would think? Maybe not.
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Old 11-20-2008, 02:52 PM
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Hi Rich, Thanks for the info, I probably met him back when I worked on your boat then. The way the article sounded he was IN a boat for the last 10 years. I am glad to hear that you are enjoying your boat once again in the Poker Runs.
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Old 11-20-2008, 02:57 PM
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Hi, Ryan
And nice to hear from you too. Tony's a real good person.
Yeah, I'm enjoying the poker runs, people getting me confused with "cat killer". That's funny.

I went to Key West this year, though, and told Cathy maybe I should'nt have gone. I miss racing and am thinking about it for next year. We'll see.
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Old 11-20-2008, 03:48 PM
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I, too, find it ironic that he named Lack of Commitment to Racing as the reason to depart.
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Old 11-20-2008, 06:13 PM
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Hi, Ryan
And nice to hear from you too. Tony's a real good person.
Yeah, I'm enjoying the poker runs, people getting me confused with "cat killer". That's funny.

I went to Key West this year, though, and told Cathy maybe I should'nt have gone. I miss racing and am thinking about it for next year. We'll see.
Great News , Its about time you come back.


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Old 11-21-2008, 09:15 AM
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Thank you Mike.
It's nice to hear you are having luck with your skiff.
Rich
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Old 11-21-2008, 04:40 PM
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Rich

I sold the skiff , I`m working on the new boat now.


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