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MasterCraft plan avoids bankruptcy filing
June, 29 2009, 09:53 AM
MasterCraft reports that it has found a way to return to viability without filing for bankruptcy protection, and is asking its vendors to accept a staged repayment plan or a discounted immediate payment.
While this is an out-of-court process, it will take a "significant amount of cash to restart production and normalize the company," CEO John Dorton said in a June 5 letter to vendors.
"This is a very happy outcome compared to what it could have been and what else we're seeing in the industry," Dorton said in a phone message to Soundings Trade Only. "This will be out of court, and we're just looking for our vendors to help us."
Kruger and Asher dominate the Global Invitational at Placid Waters
Kruger and Asher dominate the Global Invitational at Placid WatersComplete results in Excel here http://www.usawaterski.org/pages/divisions/3event/2009GlobalMarineResults.xls
A few funny videos from the weekend there https://twitter.com/Marcus_Brown_
Global Invitational - This Weekend!
America’s Premier Pro Water Skiing and Wakeboarding Competition,
Global Invitational 2009, hits West Michigan June 27, 2009.
Participants will compete for nearly $30,000 in prize money.
http://www.globalinvitational.com/
All-new Ski Nautique 200 is truly revolutionary!
Nautique has done the unbelievable. They have developed a ski boat like no other in the industry, a boat that will completely revolutionize our industry.
When I joined the Nautique team, the current boat was the Ski Nautique 2001. In the 27 years since I’ve been on the team, Nautique has had only three new tournament ski boats. Each time they have revolutionized the industry and set the competition on a multi-year quest to try and catch up. Now, they’ve done it again.
2009 Ski Nautique 196 CorrectCraftFan.com Edition
Genuine Correct Craft, 100% Nautique. That was the goal when we created the 2009 Ski Nautique 196 CorrectCraftFan.com Edition. The purpose was to pay homage to the classic ski boat of the past while adding in all the performance and options found in a 2009 Nautique.
The boat’s creation was the collective efforts of Ken Reynolds of Adirondack Marine, Dave Hendricks of Correct Craft Customer Care and myself, the owner/operator of CorrectCraftFan.com. (Note: the development of this boat was not funded by Correct Craft, Inc.)
As a tribute to the early 70’s, the Ski Nautique CorrectCraftFan.com Edition is one solid color, Crush Orange, for both the hull and deck. It also has a 70’s era white ‘racing stripe’ on the deck and matching ‘boot stripe’ on each side. The interior is all Silver Cloud except for Vapor Blue piping accent and the embroidered CorrectCraftFan.com logo on the seat backs.
The ‘Orange Crush’, as it has been nicknamed, is powered by a PCM 6.0L Catanium 409 (that’s 409 hp with twin catalytic converters). The boat also features ZeroOff speed control and the patented Hydro-Gate. This boat is really something to see, drive and ski behind.
Read more: 2009 Ski Nautique 196 CorrectCraftFan.com Edition
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