Challenger Powerboats receives $5.5 million in orders

WASHINGTON, Mo. – Boat builder Challenger Powerboats, Inc. (OTC Bulletin Board: CPWB) held its first ever dealer meeting, Sept. 11-12, at Chateau-on-the-Lake Resort at the Table Rock Lake in Branson, Mo., the company reported in a recent statement.

As a result of these meetings, Challenger said it received orders valued at approximately $5.5 million.

“The management team of Challenger went through a reorganization last year and, as a result, did not conduct a dealer meeting, which is typically done annually, and can represent approximately 30% of a manufacturer’s annual sales,” commented Challenger’s president and CEO, Laurie Phillips. “Our two day event provided existing and new dealers with the opportunity to experience the quality and performance of our boats, first hand. We were thrilled with the feedback and responses we received from the dealers and extremely pleased with the results.”

Phillips concluded, “In addition to our strategic drive to grow sales, we are concurrently working towards making our manufacturing operations more efficient to ensure we offer the highest quality boat available in the market at competitive prices. We are also enhancing our customer service effort to ensure that our dealer network and customers get a level of service and support that will enhance their experience with Challenger. Additionally, we also expect to introduce new, innovative products in the near future, utilizing our leading-edge engineering, that extend to a luxury class of cruisers.”

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