A local boat manufacturer of two well-known brands of powerboats closed its doors Wednesday after 15 years of manufacturing and selling the floating luxury items.
Power Marine and Motor Sports Inc, manufacturing corporation of Magic Powerboats and Sleek Powerboats, bid farewell to its employees and consumers Monday for unknown reasons, according to the corporation’s owner.
“We are not bankrupt, we are just closing our doors. …It is very hard,†said Ron Moyes, owner of Magic and Sleek brand boat manufacturing corporation.
The longtime owner of the Lake Havasu City-based manufacturing plant and sales office would not comment as to reasons surrounding the company’s closure.
“We started downsizing (staff) last September,†Moyes said. Approximately 20 employees were affected by the closing this week, he siad.
“I think it is a big loss … it is symptomatic of what is happening in the marine industry right now,†said Jim Salscheider, executive director of Lake Havasu City Marine Association… Details
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The dates for the 33rd America’s Cup, if it is to be a Deed of Gift Match have been determined by the New York Supreme Court.
Following the successful Appeal by Golden Gate YC, confirming Justice Herman Cahn’s original decision, the date has been set at ten months from the date of the order, 7 April 2009, meaning that the date for the first race is 8 February 2009, with the second race, two business days later, and the third if required is two business days after that.
The Order was entered by the Clerk of the Court, today, giving it legal effect…Â Details
Shannon Falcone is keen to make up for lost time when Puma Ocean Racing set sail for Boston on Saturday.
The Antiguan switched places with Jerry Kirby for the leg five marathon from Qingdao to Rio de Janeiro, but the duo have since swapped back ahead of the sixth stage.
In between, the 27-year-old sailed with BMW Oracle in San Diego and rested at home, but he is now itching to return to Ken Read’s team.
‘I had other commitments and had good fun doing those, and then I had two weeks at …Â Details