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PRESS RELEASE
Contact: Paul Hakes
For immediate release:
Hudson Yacht & Marine and
Gunboat International Ltd. Settle Dispute
Hudson Yachts & Marine Industries Inc., Hudson Wang, and Gunboat International Ltd. (in bankruptcy) announced this week that they have successfully negotiated an amicable settlement to all pending issues between the parties, including the pending lawsuit filed by Gunboat International and the counterclaims filed by Hudson Yachts & Marine Industries, subject to the approval of the bankruptcy court. The terms of their agreement remain confidential. The parties acknowledge that both sides worked in good faith to discuss and resolve all pending matters during this difficult time, and Gunboat International wishes Hudson Yachts & Marine Industries every success with its new line of yachts under the HH Catamarans brand.
HH Catamarans builds state-of-the-art, carbon fiber, high-performance cruising catamarans for a discerning clientele seeking a luxury yacht and an exceptional owner experience. HH Catamarans are designed in California and built in Xiamen, China to exact specifications using the most advanced technology in the industry. The semi-custom line of 55-115 foot models is the latest evolution of the performance cruising catamaran concept and the culmination of the skills, dedication, passion and expertise of the multi-faceted team behind the brand. A collaboration of America's Cup-winning design team Morrelli and Melvin, master boatbuilders Hakes Marine, and manufacturing powerhouse Hudson Yacht & Marine. HH Catamarans builds innovative luxury yachts with unmatched performance and pedigree.
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Hudson Yacht & Marine Co. Ltd
Jujian Village, Shijing, Nanan Quanzhou
Fujian Province, 362343 China |
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