Sales have topped $1m - at $98,000 a pop apparently they have sold 14 (11 in NZ)

Halstead is right when he describes the Sealegs amphibious boat concept as being "ideal for the new waterfront Palm Islands, Jumeirah and Jebel Aliblah, developments in Dubai".

The Palm is pretty impressive. Check it out at http://www.thepalm.ae/

It also costs a fortune to live there and many of the inhabitants have got more money than sense (David Beckham has a house there) so some of them might be willing to buy a sealegs boat for 3 times the price of a good car.



27 Jan 2005 01:09
GENERAL: SLG: Sealegs Tops $1 Million in Sales

Sealegs International Limited today announced that sales of its innovative
amphibious boats have topped $1 million.

Sealegs CEO, David McKee Wright, describes the sales results "as most
encouraging, bearing in mind our first amphibious boat was only delivered in
May 2004".

"We are now beginning to see production efficiencies which will flow through
into the 2005 year," he says. In the nine months to the end of December 2004,
Sealegs had delivered 14 of its 5.6m amphibious runabouts, 3 of those
offshore, worth a total sales value of over $1 million.

As part of its international sales expansion plans, Sealegs also announced
the appointment of Dubai based X-Press International Limited as the Sealegs
amphibious boat distributor for the Middle East.

X-Press International Limited''s CEO, Mr Andrew Halstead, describes the
Sealegs amphibious boat concept as being "ideal for the new waterfront Palm
Islands, Jumeirah and Jebel Aliblah, developments in Dubai".

X-Press International Limited will launch the Sealegs amphibious boats into
the region at the Dubai International Boat Show in March 2005.

Mr McKee Wright says Sealegs is looking forward to releasing its product to
the Middle East market. "There is a large sales opportunity for Sealegs
boats, both in the United Arab Emirates and surrounding regions, and we are
pleased to have appointed X-Press International Limited as our Middle East
distributor", he says.