Receiver Appointed for Baja, Donzi, Fountain and ProLine
Seeks to Restructure Financing and Move Brands Forward. Efforts are underway to resume operations of popular boat builders Baja Marine, Donzi Marine, Fountain Powerboats and ProLine Boats, according to Ronald Glass, a Principal in GlassRatner Advisory & Capital Group, LLC. Glass, who is headquartered in Atlanta, has been named temporary receiver of the four boat builders and their assets, along with Palmetto Park Financial, by North Carolina Business Court Judge James Gale. Following the Court’s decision, Mr. Glass made the determination that the interests of the boat builders would be served best by focusing their resources on managing through the transition process.
Marex To Exhibit At IBEX
Marex.com, Inc. will have a significant presence at the International Boatbuilders' Exhibition and Conference (IBEX), scheduled for February 7-9 at the Greater Ft. Lauderdale/Broward County, Florida Convention Center. More than 12,000 marine business professionals are expected to attend what is being billed as "the marine industry's most powerful four-day learning experience," comprised of 54 seminars, 30 workshops and demonstrations, 32 pre-conference sessions, and access to more than 525 suppliers of the hottest new products and technologies. During the conference, Marex will offer three separate venues to introduce its newly enhanced e-commerce products, MarExpress! and MarexPO!, which facilitate end-to-end electronic procurement transactions between boat builders and suppliers.
