Scoop has an Ethical Paywall
Sealegs Enters Kuwait
Sealegs Enters Kuwait
Auckland, 13 October 2006: Listed marine company, Sealegs Corporation Limited (NZX:SLG), today announced that its wholly owned subsidiary Sealegs International has shipped its first amphibious boat to Kuwait and has received orders for five more.
Two boats are scheduled to ship each month to Kuwait over the next three months which will be the fastest ever entry of Sealegs into a new country market. The six Kuwait orders represent approximately $500,000 of forward revenue.
Sealegs CEO Mr David McKee Wright said “The Kuwait order is indicative of increasing international market expansion of Sealegs amphibious boats. Sealegs is building a reputation as a world-class, innovative New Zealand marine product and we are receiving an increasing level of world-wide enquiries”.
Sealegs Corporation expects to make is half year result announcement on Tuesday 17th October 2006.
ENDS
Bill Bennett: Download Weekly - How would NZ telecoms cope with another cyclone
NZ On Air: Firm Audience Favourites Lead NZ On Air Non-Fiction Funding
Insurance and Financial Services Ombudsman: Woman Gets $40k More After Disputing Insurer’s Decision
BNZ: A Quarter Of Older NZers Fear Going Online Due To Scam Concerns
University of Auckland: Scientists Develop Tool To Monitor Coastal Erosion In Fine Detail
Oji Fibre Solutions: OjiFS Proposes To Discontinue Paper Production At Kinleith Mill
