JMIH Jupiter Marine International Holdings Inc (CE)

Jupiter Marine International Holdings, Inc. (OTCBB: JMIH), a leading manufacturer of high quality, semi-custom center console boats under the Jupiter(TM) brand name, announced today that it has officially opened and begun production at its new, larger manufacturing facility in Palmetto, Florida. Jupiter Marine is currently in the process of hiring employees to satisfy existing orders and expects to hire additional staff as business conditions warrant. The Company intends to manufacture its new 29' Forward Seating Center Console model and a select number of the very popular Jupiter 31' models at its new facility. Other models will remain in production at the Company's existing Fort Lauderdale facility. Carl Herndon, Jupiter Marine's President, commented, "By establishing a presence on Florida's west coast with the opening of our second manufacturing facility, Jupiter Marine will be able to provide our dealers and customers with both the quality products they desire and a quicker turnaround time from order date to delivery date. It also achieves one of the Jupiter Marine's primary goals, which was to increase production capacity and enable the Company to accommodate higher volume. We are currently operating at near-full capacity at our Fort Lauderdale facilities, and expect that the Company's gradual expansion in Palmetto could potentially double the number of boats we manufacture. We currently operate in a highly competitive marketplace, and feel that our presence on both of Florida's coasts will be vital to the Company's growth in the coming years." Jupiter Marine Boats Showcased at Miami International Boat Show The Company also announced that it received a record number of orders during, and in the weeks subsequent to, its appearance at the 65th Annual Miami International Boat Show. The show ran from February 16 - 20, 2006. Jupiter Marine displayed the 38' Forward Seating, 31' Forward Seating and 31' Open Tournament Edition models at the event. The Company also introduced its new 29' Forward Seating model, which was well-received by its dealer organization and customers. The Jupiter 29' is a completely new design, conceived by Jupiter staff and designed with the assistance of renowned naval architect Donald Blount. Mr. Herndon stated, "We are delighted with sales resulting from the spring shows and anticipate similar order flow from future shows. The reception to, and orders of, our new 29' model has exceeded our most optimistic projections. A principle focus in the development of our boating line is to provide our customers with quality boats with a wide variety of options and features. With the debut and subsequent production of the Jupiter 29', we are addressing another segment of the fishing and cruising boat market and bridging the gap between our 27' and the 31' models in price and features. The Jupiter 29' has been developed for boaters who desire a midsize sportfishing boat that provides the performance, features and comforts for which Jupiters are known." About Jupiter Marine International Holdings, Inc. Jupiter Marine designs, manufactures and markets high quality sportfishing boats designed to run at high speeds in offshore sea conditions while providing passengers with a smooth, comfortable, dry ride. The center console product line includes the 38' Forward Seating, 31' Open, 31' Forward Seating and 31' Cuddy, the 27' Open and, 27' Forward Seating models in addition to the all new Jupiter 29 Forward Seating model. The Company's website is www.jupitermarine.com. This press release may contain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters discussed in this press release include statements regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to the future operating performance of the Company. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors.