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Ranger Boats Continues As Industry Leader With 33 Percent Sales Increases in Second Quarter

FLIPPIN, ARK. (September 20, 2002) Following a first quarter that saw a huge increase in sales, as well as a substantial market share increase over the previous year, Ranger Boats reported that second quarter sales figures ending June 30, 2002, were even stronger with 33% unit sale increases over the same period in 2001.

Based on retail registrations for the first six months of the year ending June 30, 2002, Ranger experienced sales increase of 27% compared to the overall boating industry, which showed a sales decrease of (5.7%) during the same period.

“Consumers are continuing to demonstrate their confidence and loyalty in our products,” Ranger Boats President, Randy Hopper said. “As always we are focused on the quality of our products and exceeding customers’ expectations. Experience has taught us that when times get tough , superior quality products seem to further distance themselves from the pack. The recent J.D. Power survey results also confirm the satisfaction, confidence and loyalty our customers have in Ranger.”

For the second year in a row, Ranger received the highest ranking among bass boat manufacturers throughout the U.S. in customer satisfaction according to the results in the 2002 J.D. Power and Associates annual Boat Competitive Information StudySM.

“The 2003 model year will mark the 35th anniversary of Ranger Boats and the reputation and commitment we have established for the highest quality and innovative products will continue to put Ranger ahead as the industry leader,” said Hopper.

Ranger Boats, headquartered in Flippin, Ark., is the nation’s largest manufacturer of premium fiberglass fishing boats, including a series of bass, multi-species and saltwater boats. Founded in 1968 by Forrest L. Wood, Ranger Boats continues its philosophy of “building legends one at a time.” For more information visit www.rangerboats.com or call 1-800-373-2628.

For the most up-to-date information, news release archives, downloadable high-resolution logos and photographs of GenmarÒ products, visit the web site at www.genmar.com.pr . Check back regularly for new stories on Genmar and its companies.

Editor’s Note: Images available upon request.

J.D. Power and Associates 2001-2002 Boat Competitive Information StudiesSM. 2002 Study based on responses from a total of 11,752 owners of 2001 model-year boats. www.jdpower.com.


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