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Associated Press
02-06-2025
- Business
- Associated Press
Twin Vee PowerCats and Wizz Banger, Inc. Developing A.I. Toolkit to Drive Dealer Success in Marine Retail
FORT PIERCE, FL / ACCESS Newswire / June 2, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ('Twin Vee' or the 'Company'), a manufacturer, distributor, and marketer of power sport boats, today provided further details on the AI-powered toolkit its subsidiary, Wizz Banger, Inc., is actively engineering. Wizz Banger is crafting a comprehensive suite of tools designed to transform the marine retail landscape, empowering dealerships with high-quality leads, streamlined transactions, and unmatched market transparency, revolutionizing how boats are sold in the $57 billion recreational boating industry. Wizz Banger is focusing its development efforts on creating an integrated platform that addresses the evolving needs of marine businesses in an increasingly digital world. 'The core of Wizz Banger's development focuses on providing tangible advantages to dealerships, enabling them to connect more effectively with today's discerning boat buyers,' explained Joseph Visconti, CEO and President of Twin Vee PowerCats Co. 'The suite of tools being engineered by Wizz Banger aims to redefine how marine products are marketed, sold, and managed, fostering a more efficient and customer-centric ecosystem.' Wizz Banger's AI will be a free tool that provides instant, data-driven boat information for dealers, buyers, and sellers. By analyzing national listing data, auction results, and dealer feedback, the AI will deliver transparent pricing that streamlines trade-ins and sales. The tool is designed to help reduce disputes and expedite the sales process, allowing dealers to close deals more quickly and with increased confidence. According to Visconti, Wizz Banger is also planning to integrate dealer inventories into its platform. 'By including a dealer's inventory into our platform, we will be granting dealers access to a robust lead generation engine that delivers qualified, intent-driven leads, intending to surpass traditional advertising models,' stated Visconti. Wizz Banger's aggressive SEO strategy, targeting high-intent searches like 'My favorite boat brand for sale near me,' will enable dealers to connect with motivated buyers, maximizing sales opportunities. 'Partnering with Wizz Banger will allow boat dealers to thrive in a digital-first market,' said Tom Huffman, President of Wizz Banger, Inc. 'The AI-driven tools and lead generation models we're developing will provide boat dealers with a competitive edge, delivering high-value leads and a seamless transaction experience that sets a new standard in marine retail.' About Twin Vee PowerCats Co. Twin Vee PowerCats Co. manufactures a range of boats designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the 'Best Riding Boats on the Water™.' The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years. Learn more at Visit Twin Vee PowerCats Co. on Facebook, Instagram, and YouTube. About Wizz Banger, Inc. Wizz Banger, Inc. is a wholly owned technology company developing an online marine commerce and sales platform to modernize and streamline the recreational boating industry. By integrating Wizz Banger's AI-powered tools, the company aims to create a seamless and transparent ecosystem for buyers, sellers, dealers, lenders, and manufacturers. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words 'could,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'may,' 'continue,' 'predict,' 'potential,' 'project' and similar expressions that are intended to identify forward-looking statements and include statements regarding crafting a comprehensive suite of tools designed to transform the marine retail landscape, empowering dealerships with high-quality leads, streamlined transactions, and unmatched market transparency, revolutionizing how boats are sold in the $57 billion recreational boating industry, creating an integrated platform that addresses the evolving needs of marine businesses in an increasingly digital world, providing tangible advantages to dealerships, enabling them to connect more effectively with today's discerning boat buyers redefining how marine products are marketed, sold, and managed, fostering a more efficient and customer-centric ecosystem, providing instant, data-driven boat information for dealers, buyers, and sellers, delivering transparent pricing that streamlines trade-ins and sales, reducing disputes and expediting the sales process, allowing dealers to close deals more quickly and with increased confidence, integrating dealer inventories into Wizz Banger's platform, granting dealers access to a robust lead generation engine that delivers qualified, intent-driven leads intending to surpass traditional advertising models, enabling dealers to connect with motivated buyers through Wizz Banger's aggressive SEO strategy maximizing sales opportunities, allowing boat dealers to thrive in a digital-first market and providing boat dealers with a competitive edge, delivering high-value leads and a seamless transaction experience that sets a new standard in marine retail and creating a seamless and transparent ecosystem for buyers, sellers, dealers, lenders, and manufacturers by integrating Wizz Banger's AI-powered tools. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, Wizz Banger's ability to craft a comprehensive suite of tools that will transform the marine retail landscape, empower dealerships with high-quality leads, streamlined transactions, and unmatched market transparency and revolutionize how boats are sold in the recreational boating industry, Wizz Banger's ability to create an integrated platform that addresses the evolving needs of marine businesses in an increasingly digital world, Wizz Banger's ability to foster a more efficient and customer-centric ecosystem, Wizz Banger's ability to provide instant, data-driven boat information for dealers, buyers, and sellers, deliver transparent pricing that streamlines trade-ins and sales, reduce disputes and expedite the sales process, Wizz Banger's ability to integrating dealer inventories into its platform as planned, Wizz Banger's ability to provide boat dealers with a competitive edge delivering high-value leads and a seamless transaction experience that sets a new standard in marine retail, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law. Contact: Glenn Sonoda [email protected] SOURCE: Twin Vee PowerCats Co. press release
Yahoo
08-05-2025
- Business
- Yahoo
Twin Vee PowerCats Reports a 92% Increase in First Quarter 2025 Revenues from Previous Quarter
FORT PIERCE, FL / / May 8, 2025 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 Highlights: Revenues of $3.6 million, a 91.7% sequential increase from the fourth quarter of 2024, compared to guidance of 50%. Gross margin of 14.9%, an improvement of 961 basis points from the first quarter of 2024. Adjusted net loss averaged $333,000 per month during the quarter, an improvement of 17% over the previously guided Adjusted net loss of $400,000 per month. The Company's new dealer network is expanding Twin Vee's brand presence and geographic footprint. "We are pleased to report a strong start to 2025, with top-line growth and margin expansion that outpaced expectations," said Joseph Visconti, CEO and President of Twin Vee PowerCats Co. "Our team executed well across the board-growing revenues by more than 90% over the fourth quarter of 2024, expanding gross margins, and staying disciplined with operating costs. The addition of several new dealers in the first quarter underscores growing market confidence in the Twin Vee brand and further extends our reach into key regional markets." Visconti continued, "Looking ahead, we expect the second quarter to reflect continued sequential growth in revenue as market conditions gradually improve and consumer demand begins to rebound. We are committed to scaling responsibly, that is, balancing production increases with expense control and working capital discipline. With most of our heavy capital investments now behind us, we anticipate a more favorable cash profile going forward." Conference CallJoseph Visconti, CEO and President, and Michael P. Dickerson, Chief Financial & Administrative Officer, will hold a conference call today, Thursday, May 8, 2025, at 12:00 p.m. (Eastern). To listen to the conference call, interested parties should dial-in to 1-877-407-3982 and use Conference ID 13753591. All callers should dial in approximately 10 minutes prior to the scheduled start time and ask to join the Twin Vee conference call. The conference call will also be available through a live audio webcast that can be accessed at the LINK HERE. The Company's complete financial statements are being filed today with the Securities and Exchange Commission and can be accessed via About Twin Vee PowerCats Vee PowerCats Co. manufactures a range of boats designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years. Learn more at Visit Twin Vee PowerCats Co. on Facebook, Instagram, and YouTube. Forward-Looking StatementsThis press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the growing market confidence in the Twin Vee brand, reflecting continued sequential growth in revenue in the second quarter as market conditions gradually improve and consumer demand begins to rebound, scaling responsibly and balancing production increases with expense control and working capital discipline, and anticipating a more favorable cash profile going forward. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to grow revenue in the second quarter, the Company's ability to continue to expand its dealer network, the Company's ability to expand gross margins and remain disciplined with operating costs, the Company's ability to maintain its Nasdaq listing, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law. Contact:Glenn Sonodainvestor@ (Tables Follow) Three Months Ended March 31, 2025 2024 $ Change % Change Net sales $ 3,612,291 $ 5,276,343 $ (1,664,052 ) (32 %) Cost of products sold $ 3,075,177 $ 4,999,030 $ (1,923,853 ) (38 %) Gross profit $ 537,114 $ 277,313 $ 259,801 94 % Operating expenses $ 2,216,208 $ 2,820,520 $ (604,312 ) (21 %) Loss from operations $ (1,679,094 ) $ (2,543,207 ) $ 864,113 (34 %) Other income $ 68,854 $ 208,012 $ (139,158 ) (67 %) Net loss $ (1,610,240 ) $ (2,335,195 ) $ 724,955 (31 %) Basic and dilutive income per share of common stock $ (1.08 ) $ (1.77 ) $ 0.69 (39 %) Weighted average number of shares of common stock outstanding 1,487,445 952,000 March 31, December 31, 2025 2024 Change % Change Cash and cash equivalents $ 4,910,267 $ 7,491,123 $ (2,580,856 ) (34.5 %) Restricted cash $ 215,117 $ 215,117 $ - 0.0 % Current assets $ 12,200,833 $ 10,419,141 $ 1,781,692 17.1 % Current liabilities $ 3,021,247 $ 3,747,990 $ (726,743 ) (19.4 %) Working capital $ 9,179,586 $ 6,671,151 $ 2,508,435 37.6 % Three Months Ended March 31, 2025 2024 Change % Change Cash used in operating activities $ (1,736,276 ) $ (1,749,920 ) $ 13,644 (1 %) Cash (used in) provided by investing activities $ (789,774 ) $ 1,476,448 $ (2,266,222 ) (153 %) Cash used in financing activities $ (54,806 ) $ (83,735 ) $ 28,929 (35 %) Non-GAAP Financial MeasuresWe have presented a supplemental non-GAAP financial measure in this earnings release. We believe that this supplemental information is useful to investors because it allows for an evaluation of the company with a focus on the performance of its core operations, including more meaningful comparisons of financial results to historical periods. Adjusted Net Loss is a non-GAAP financial measure which excludes certain non-cash expenses. Our executive management team uses these same non-GAAP measures internally to assess the ongoing performance of the Company. Adjusted Net Loss is not intended to be a substitute for any GAAP financial measures, and, as calculated, may not be comparable to other similarly titled measures of performance of other companies in other industries or within the same industry. Below is a reconciliation of GAAP net loss to Adjusted net loss for the three months ended March 31, 2025 and 2024: Adjusted Net Loss Quarter Ended March 31, 2025 2024 Net loss $ (1,610,240 ) $ (2,335,195 ) Depreciation & amortization 441,672 425,281 Stock based compensation 55,968 426,283 Loss on sale of property & equipment 63,011 - development costs 52,067 - Adjusted net (loss) $ (997,522 ) $ (1,483,631 ) SOURCE: Twin Vee PowerCats Co. View the original press release on ACCESS Newswire
Associated Press
30-04-2025
- Business
- Associated Press
Twin Vee PowerCats Co. Regains Compliance with Nasdaq Minimum Bid Price Requirement
FORT PIERCE, FL / ACCESS Newswire / April 30, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE),('Twin Vee' or the 'Company'), a manufacturer, distributor, and marketer of power sport boats, today announced that it received written notification on April 28, 2025 from the Listings Qualifications Department of the Nasdaq Stock Market LLC ('Nasdaq') that the Company has regained compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Twin Vee was informed that for 13 consecutive business days, from April 8, 2025 through April 25, 2025, the closing bid price of the Company's common stock has been $1.00 per share or greater. Accordingly, it was determined that Twin Vee regained compliance with Listing Rule 5550(a)(2) and Nasdaq indicated that the matter is now closed. 'We are very pleased to have resolved this Nasdaq listing matter and regained compliance,' stated Joseph Visconti, CEO and President of Twin Vee PowerCats Co. 'Maintaining our listing on Nasdaq was a priority for us. This confirmation allows us to focus all of our full attention on executing our business strategy and building long-term value for our investors.' About Twin Vee PowerCats Co. Twin Vee PowerCats Co. manufactures a range of boats designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the 'Best Riding Boats on the Water™.' The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years. Learn more at Visit Twin Vee PowerCats Co. on Facebook, Instagram, and YouTube. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words 'could,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'may,' 'continue,' 'predict,' 'potential,' 'project' and similar expressions that are intended to identify forward-looking statements and include statements regarding executing the Company's business strategy and building long-term value for investors. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to execute its business strategy, and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law. Contact: Glenn Sonoda [email protected] SOURCE: Twin Vee PowerCats Co. press release
Yahoo
28-02-2025
- Business
- Yahoo
Twin Vee PowerCats Announces the Official Launch of BoatsForSale.com
90 Days Free for All Authorized Recreational Boat Dealers FORT PIERCE, FL / / February 28, 2025 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, is thrilled to announce the official launch of The platform has been successfully migrated to Twin Vee's own ISP infrastructure, marking what will be the beginning of a new era in online boat sales. With this move, Twin Vee PowerCats is "open for business" and inviting all authorized recreational boat dealers in the United States to take advantage of 90 days of free listings. Twin Vee is committed to offering an innovative, dealer-friendly alternative that reduces marketing costs, increases lead generation, and provides access to one of the most dynamic and growing recreational boat marketplaces Addressing Industry Concerns: A Cost-Effective Solution for Dealers A recent article in Trade Only Today highlighted the growing unrest among boat dealers due to increasing marketing expenses on traditional online platforms. Dealers have expressed frustration with rising costs and restrictive policies, making it harder to remain competitive. Recognizing this industry-wide challenge, Twin Vee has launched as a fresh alternative - an affordable, efficient, and results-driven digital marketplace designed to meet the needs of boat dealers nationwide. Why is more than just a listing site - it is a next-generation digital marketplace designed specifically to address the challenges boat dealers face. By leveraging Twin Vee's extensive industry experience and digital expertise, the platform provides a cost-effective, high-performance solution that maximizes dealer profitability. Key benefits of include: Lower Marketing Costs: Dealers can list their inventory without the high fees imposed by other platforms. Increased Lead Generation: Advanced search functions, optimized targeting, and a seamless user experience help ensure high-quality leads from serious buyers. Alignment with a Premier Brand: Partnering with Twin Vee means joining forces with a well-renowned manufacturer in the recreational boating industry. Dealer-Centric Approach: Unlike competitors that prioritize profits over partnerships, Twin Vee is dedicated to fostering long-term relationships with dealers by providing value-driven services and competitive advantages. 90 Days of Free Listings for All Authorized Dealers To celebrate the official launch, Twin Vee is offering all authorized recreational boat dealers 90 days of free listings on This limited-time offer provides an opportunity to experience the platform's advantages without any upfront costs, ensuring dealers can evaluate the effectiveness of the marketplace firsthand. "We understand the concerns that dealers have voiced regarding the rising costs of marketing their inventory," said Joseph Visconti, CEO of Twin Vee PowerCats. "The boating industry thrives on innovation, passion, and community - values that are central to our mission. With we are providing a powerful, dealer-friendly solution that is built by industry experts who understand the business. We welcome all boat dealers across the U.S. to explore our platform, take advantage of 90 days of free listings, and join a marketplace designed for their success." The Need for a Fresh Alternative Industry discussions and dealer feedback underscore the urgent need for a fair and dealer-first marketplace. Many existing platforms impose high listing fees and restrictive policies that limit dealer profitability. aims to bridge this gap by providing a platform that prioritizes fair pricing, advanced technology, and superior service. With a history of manufacturing high-performance power catamarans and a deep understanding of the evolving needs of boat buyers and sellers, Twin Vee PowerCats is uniquely positioned to lead this initiative. will become the premier online marketplace for recreational boat sales by offering transparency, efficiency, and affordability. About Twin Vee PowerCats Co. Twin Vee PowerCats Co. manufactures Twin Vee and AquaSport boats. The Company produces a range of boats designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the "Best Riding Boats on the Water™." The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years. Learn more at Visit Twin Vee PowerCats Co. on Facebook, Instagram, and YouTube. Visit AquaSport on Facebook and Instagram. About has been launched as a revolutionary online marketplace designed to connect boat buyers and sellers in a seamless, cost-effective manner. With a commitment to lowering dealer marketing costs while increasing lead generation, aims to transform the way boats are bought and sold online. The platform provides dealers with enhanced visibility, powerful sales tools, and an intuitive interface to ensure an optimal experience for both sellers and buyers. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements and include statements regarding the launch of marking the beginning of a new era in online boat sales, offering an innovative, dealer-friendly alternative that reduces marketing costs, increases lead generation, and provides access to one of the most dynamic and growing recreational boat marketplaces, meeting the needs of boat dealers nationwide, the platform addressing the challenges boat dealers face, providing a cost-effective, high-performance solution that maximizes dealer profitability, ensuring high-quality leads from serious buyers, Twin Vee being uniquely positioned to lead this initiative, becoming the premier online marketplace for recreational boat sales, Twin Vee redefining the boating experience and transforming the way boats are bought and sold online. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to transform the way boats are bought and sold online with its launch of and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law. Contact: Glenn Sonodainvestor@ SOURCE: Twin Vee PowerCats Co. View the original press release on ACCESS Newswire Sign in to access your portfolio
Associated Press
28-02-2025
- Business
- Associated Press
Twin Vee PowerCats Announces the Official Launch of BoatsForSale.com
90 Days Free for All Authorized Recreational Boat Dealers FORT PIERCE, FL / ACCESS Newswire Twin Vee PowerCats Co. (Nasdaq:VEEE), ('Twin Vee' or the 'Company'), a manufacturer, distributor, and marketer of power sport boats, is thrilled to announce the official launch of The platform has been successfully migrated to Twin Vee's own ISP infrastructure, marking what will be the beginning of a new era in online boat sales. With this move, Twin Vee PowerCats is 'open for business' and inviting all authorized recreational boat dealers in the United States to take advantage of 90 days of free listings. Twin Vee is committed to offering an innovative, dealer-friendly alternative that reduces marketing costs, increases lead generation, and provides access to one of the most dynamic and growing recreational boat marketplaces Addressing Industry Concerns: A Cost-Effective Solution for Dealers A recent article in Trade Only Today highlighted the growing unrest among boat dealers due to increasing marketing expenses on traditional online platforms. Dealers have expressed frustration with rising costs and restrictive policies, making it harder to remain competitive. Recognizing this industry-wide challenge, Twin Vee has launched as a fresh alternative - an affordable, efficient, and results-driven digital marketplace designed to meet the needs of boat dealers nationwide. Why is more than just a listing site - it is a next-generation digital marketplace designed specifically to address the challenges boat dealers face. By leveraging Twin Vee's extensive industry experience and digital expertise, the platform provides a cost-effective, high-performance solution that maximizes dealer profitability. Key benefits of include: Lower Marketing Costs: Dealers can list their inventory without the high fees imposed by other platforms. Increased Lead Generation: Advanced search functions, optimized targeting, and a seamless user experience help ensure high-quality leads from serious buyers. Alignment with a Premier Brand: Partnering with Twin Vee means joining forces with a well-renowned manufacturer in the recreational boating industry. Dealer-Centric Approach: Unlike competitors that prioritize profits over partnerships, Twin Vee is dedicated to fostering long-term relationships with dealers by providing value-driven services and competitive advantages. 90 Days of Free Listings for All Authorized Dealers To celebrate the official launch, Twin Vee is offering all authorized recreational boat dealers 90 days of free listings on This limited-time offer provides an opportunity to experience the platform's advantages without any upfront costs, ensuring dealers can evaluate the effectiveness of the marketplace firsthand. 'We understand the concerns that dealers have voiced regarding the rising costs of marketing their inventory,' said Joseph Visconti, CEO of Twin Vee PowerCats. 'The boating industry thrives on innovation, passion, and community - values that are central to our mission. With we are providing a powerful, dealer-friendly solution that is built by industry experts who understand the business. We welcome all boat dealers across the U.S. to explore our platform, take advantage of 90 days of free listings, and join a marketplace designed for their success.' The Need for a Fresh Alternative Industry discussions and dealer feedback underscore the urgent need for a fair and dealer-first marketplace. Many existing platforms impose high listing fees and restrictive policies that limit dealer profitability. aims to bridge this gap by providing a platform that prioritizes fair pricing, advanced technology, and superior service. With a history of manufacturing high-performance power catamarans and a deep understanding of the evolving needs of boat buyers and sellers, Twin Vee PowerCats is uniquely positioned to lead this initiative. will become the premier online marketplace for recreational boat sales by offering transparency, efficiency, and affordability. About Twin Vee PowerCats Co. Twin Vee PowerCats Co. manufactures Twin Vee and AquaSport boats. The Company produces a range of boats designed for activities including fishing, cruising, and recreational use. Twin Vee PowerCats are recognized for their stable, fuel-efficient, and smooth-riding catamaran hull designs. Twin Vee is one of the most recognizable brand names in the catamaran sport boat category and is known as the 'Best Riding Boats on the Water™.' The Company is located in Fort Pierce, Florida, and has been building and selling boats for 30 years. Learn more at Visit Twin Vee PowerCats Co. on Facebook, Instagram, and YouTube. Visit AquaSport on Facebook and Instagram. About has been launched as a revolutionary online marketplace designed to connect boat buyers and sellers in a seamless, cost-effective manner. With a commitment to lowering dealer marketing costs while increasing lead generation, aims to transform the way boats are bought and sold online. The platform provides dealers with enhanced visibility, powerful sales tools, and an intuitive interface to ensure an optimal experience for both sellers and buyers. Forward-Looking Statements This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words 'could,' 'believe,' 'anticipate,' 'intend,' 'estimate,' 'expect,' 'may,' 'continue,' 'predict,' 'potential,' 'project' and similar expressions that are intended to identify forward-looking statements and include statements regarding the launch of marking the beginning of a new era in online boat sales, offering an innovative, dealer-friendly alternative that reduces marketing costs, increases lead generation, and provides access to one of the most dynamic and growing recreational boat marketplaces, meeting the needs of boat dealers nationwide, the platform addressing the challenges boat dealers face, providing a cost-effective, high-performance solution that maximizes dealer profitability, ensuring high-quality leads from serious buyers, Twin Vee being uniquely positioned to lead this initiative, becoming the premier online marketplace for recreational boat sales, Twin Vee redefining the boating experience and transforming the way boats are bought and sold online. These forward-looking statements are based on management's expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to transform the way boats are bought and sold online with its launch of and the risk factors described in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, the Company's Quarterly Reports on Form 10-Q, the Company's Current Reports on Form 8-K and subsequent filings with the SEC. The information in this release is provided only as of the date of this release, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events, except as required by law. Glenn Sonoda
