Challenger Powerboats' Gekko GTR 22 Approved for Tournaments by AWSA & ABC

WASHINGTON, Mo., Feb 27 /PRNewswire-FirstCall/ -- Challenger Powerboats, Inc. (BULLETIN BOARD: CPWB) today announced its Gekko GTR 22 tow boat was one of only two boats approved for tournament use by both the American Water Skiing Association (AWSA) and by American Barefooting Club (ABC).

Challenger CEO Laurie Phillips stated, "We are extremely proud to announce that our Gekko was one of only two boats sanctioned by both AWSA and ABC. This honor is in keeping with our mission to provide the marketplace with best of breed products be it tow boats, high performance 'go fast' offshore racing, family sport or jet boats.

"Members of AWSA's Towboat and Speed Control committees, technical experts, drivers and top water ski athletes conducted this year's evaluations for AWSA. In 1983, the AWSA established its first set of comprehensive technical evaluations of inboard and outboard water ski towboats. These procedures have been updated every year since then to take advantage of the most up-to-date technology available. To have a boat evaluated, a manufacturer must be a USA Water Ski Gold Corporate Member, and a member of the American Water Ski Educational Foundation (AWSEF) and Water Sports Industry Association (WSIA).

Once a model successfully completes the evaluations, the manufacturer is encouraged to pull skiers at AWSA-sanctioned tournaments. By pulling a predetermined number of sanctioned tournaments at various levels of competition, a manufacturer's towboat model becomes eligible to participate in AWSA's regional and national championships.

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 the United States, Canada, Mexico, Europe, Australia, the Middle East and Japan. In 2006, Gekko was selected as an official tow boat for the World Barefooting Championships, and the European Barefooting Championships in 2005. For further information about Challenger you may visit www.challengerpowerboats.com , www.sugarsand.com , www.gekkosports.com or www.sec.gov to view the Company's public financial information and filings. 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.

Source: Challenger Powerboats, Inc.