WASHINGTON, Mo., April 14 /PRNewswire-FirstCall/ -- Xtreme Companies, Inc. (BULLETIN BOARD: XTME) today announced record revenue for both the fourth quarter and full year 2005. Revenue for both the three month and twelve month periods ended December 31, 2005 was $828,655 and $1,783,626 respectively, a significant increase vs. $53,860 and $164,712 for the same periods in 2004. Net loss for both the three month and twelve month periods ended December 31, 2005 was (.02) and (.14) per share respectively vs. (.02) and (.21) for the same periods in 2004. The Company's complete results can be viewed on its Form 10-KSB by visiting http://www.sec.gov/.
Xtreme CEO Kevin Ryan stated, "Although 2005 was a year of significant transition, I am pleased that we could still report to our shareholders a year of record top line growth. Additionally, having officially closed on the Challenger acquisition in March, we will look to further those gains in 2006, as well as continuing to focus aggressively on increasing our production efficiency which we believe will assist us in achieving positive cash flow and profitability over the intermediate term."
About Xtreme Companies, Inc.
Xtreme Companies, Inc. produces first responder Fire-Rescue and Patrol boats used in emergency, surveillance and defense deployments as well as commercial semi-custom fiberglass boats of 19' to 97' in length, which include leisure, high performance, fishing and motor yachts under the 'Challenger Offshore' brand. Internationally known boat racer and designer Don Aronow, credited as being the architect of the performance boat industry, along with Harry Schoell, world-renowned marine engineer, designed and created some of the hull technologies today used by Challenger Offshore.
Xtreme also holds the exclusive rights to the revolutionary DDC hull for boats up to 40 feet in length. The DDC hull is a patented revolutionary design which incorporates two hulls into one, resulting in a constant planning surface enhancing stability and generating greater transom lift. This enables the hull to run faster in rougher seas while providing a dry, safe and comfortable ride.
For more information you may visit http://www.xtremecos.com/ and http://www.challengeroffshore.com/. Xtreme's public financial information and filings can be viewed at http://www.sec.gov/.
Forward-Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law.
Contact: Michael Novielli
Chairman, Xtreme Companies, Inc.
ph (845) 575-6770
