Xtreme Companies reports revenue growth

WASHINGTON, Mo. – Boat builder Xtreme Companies, Inc. (OTC Bulletin Board: XTME) posted revenue of $334,671 for the third quarter ended Sept. 30 vs. $0 for the quarter ended Sept. 30, 2004, while the loss per share remained at (.03) per share, the company reported.

Total revenue for the nine-month period ended Sept. 30 was $954,971 vs. $110,852 for the same period of 2004, a 700-percent increase. Year-to-date loss for the nine-month period decreased to (.13) per share vs. (.14) per share during the same period of 2004.

“As I have suggested recently, our business is beginning to grow quite rapidly,” said Xtreme CEO Kevin Ryan. “Over the past several months, our First Responders division was awarded with its first ever international sale as well as additional sales via homeland security grants for fire, rescue and patrol boats. Furthermore, the Challenger Offshore lines continue to show tremendous growth. We’ve recently announced the receipt of approximately $1 million in orders and as well as the launch of the new Sport Fish and Mega Yacht lines.”

He added, “I believe as much as 2005 has proven so far to be the initial thrust of Xtreme’s emergence in the marketplace, 2006 should be a period of even more significant growth.”

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