Marquis Yachts Forms Joint Venture In China

Marquis Yachts, LLC announced in late January it had formed an exclusive partnership with Poly Technologies Inc. for the sales and distribution rights for Marquis Yachts throughout China. The new JV will be called the Poly Marquis Yacht Co. Ltd. (Poly Marquis Company).

"This is one of the most important and exciting days I've ever experienced throughout my 35 years in the recreational boating industry,' sais Irwin L. Jacobs, Chairman of J&D Acquisitions, LLC. "Our new partnership with Poly is clearly the most significant business event throughout our yachting company's history. It is anticipated that over the next few years, China's recreational yachting and boating market is emerging to become one of the largest recreational yachting markets in the world, and with our new Poly Marquis JV partnership, we're very confident that the Poly Marquis Company will become one of China's largest and most important sellers of Marquis Yachts in the world.'

Jacobs added that over the subsequent 30 to 45 days, the Poly Marquis Company will open a new fully-staffed distribution sales and full service center at the Serenity Marina and Yacht Club in Sanya, China. The new Poly Marquis Yachting Center will maintain a completely stocked inventory of all new Marquis Yachts ranging in size from 42 to 72 feet, and will supply the Marquis dealers throughout China.

Poly Chairman Jiang stated, "We believe that the recreational boating and yachting industry market in China will become one of the world's largest and most important retail markets in a relatively short period of time. Poly has spent a great deal of time and effort in researching the world for a potential yacht manufacturing company to partner with Poly who we believe builds the highest quality yachts along with the most modern styling and forward-looking designs to meet the tastes and needs of the discerning Chinese consumers of today and in the future. After studying the yachting industry for over one year, Poly concluded that Marquis Yachts clearly excelled beyond all other yacht manufacturers on which we have done research in building the finest and most beautiful yachts in world.'

Poly is one of China's largest and most important state-owned companies that manufactures and distributes Ferrari, Maserati, and Mercedes Benz automobiles as well as several other high quality products.

Jacobs will formally introduce Chairman Jiang at the annual Marquis customer cocktail party held at the Miami Boat Show on February 17, where the company will also unveil its all-new 63-foot Marquis Sport Bridge.