Pininfarina Extra and Challenger Powerboats Announce the Unveiling of the PF 36 Limited Edition Luxury Powerboat

On the eve of the much anticipated launch, Pininfarina Extra President and CEO, Paolo Pininfarina, said, "Working on this project, our goal was to design a prestigious sports boat in which the focus would be on freedom -- freedom to navigate a boat that combines the stunning beauty of avant-guard styling with the reliability and performance available from today's technologically advanced engineering. On the PF 36, sportiness and style blend to create unique and distinctive lines, in complete harmony with the nautical landscape."

Outstanding design and performance features of the 36' (11 meter) PF 36 Limited Edition include:

    -- A Duo-Delta Conic hull design, which stealthily incorporates two hulls
       into one for the optimal stability, handling and speed.
    -- Twin Mercury EU662sci and 662HP engines, 494 kW each -- the highest
       horsepower marine sterndrive engine available for sale in the EU.
    -- A top speed of 90-95 MPH.
    -- A fully loaded cabin outfitted with the latest Cantalupi LED RGB
       adjustable indirect lighting controlled by touch screen, flat screen
       TV, DVD and iPod ready sound system, a bar complete with
       sink/refrigerator and Dock Side air-conditioning, finished with luxe
       Pininfarina styled upholstery.
    -- Pininfarina styled Bolster seats in the cockpit.
    -- Electrically controlled Spoilers.

PF 36 Limited Edition lead designer and Pininfarina USA Vice President and Managing Director, Franco Lodato, said, "Performance, styling and innovation are the key points we wanted to express in the design of this boat. We approached these issues from a unique perspective and sought to re-think the whole experience around power boating. The result: a powerful, yet stylish ride."

With the introduction of the PF 36 into the American boat market, Pininfarina Extra seeks to infuse Italian style sensibility with the brute strength and expertise of American boat design, and follows Pininfarina Extra USA's celebrated success in private aviation and hotel design.

     Ayesha Khan
     954-527-3367
     a.khan@pininfarinaextra.it
     Pininfarina USA

About Pininfarina Extra

Pininfarina Extra is a division of the Pininfarina Group, specializing in product and interior design, from yachts and private aircraft in the transportation industry to designs in the electronics, consumer, home and office, sport, and architecture and interiors industries. Based inTurin, Italy, Pininfarina Extra's US flagship office is in Ft. Lauderdale, Florida.

About Pininfarina Group

Founded in 1930, Pininfarina is known for its cutting-edge designs, primarily of sports cars, most notably Ferrari and Maserati. Headquartered in Turin,Italy, the Pininfarina Group employs more than 3,000 talented individuals throughout the world and has operations inItaly,France,Germany, Sweden,United States,Morocco andChina.

About Challenger Powerboats, Inc.

Challenger Powerboats, Inc. designs and manufactures high performance 'go fast' offshore racing boats, family sport cruisers, jet boats and water ski tow boats under the brands 'Challenger Powerboats', 'Sugar Sand' and 'Gekko', which target the recreational boating market. Proven world-class technology is incorporated into the manufacturing of our award winning boats at the Company's 65,000 sq. ft. facility located on our 12 acre complex in Washington, Missouri and 80,000 sq. ft facility in Fargo, North Dakota. The Company's boats are sold through our dealer network in theUnited States, Canada,Mexico,Europe,Australia, theMiddle East andJapan. In 2006, Gekko was selected as an official tow boat for the World Barefooting Championships, and the European Barefooting Championships in 2005. To find out more about Challenger Powerboats, Inc. please visit http://www.challengerpowerboats.com, http://www.sugarsand.com, http://www.gekkosports.com or http://www.sec.gov to view the Company's public financial information and filings.

SOURCE Pininfarina USA

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