Fountain looks to investment firm to hold company together

 

Fountain Powerboat Industries says that a deal is pending between its executives and an investment group to save the company from being auctioned. A bankruptcy auction for the company’s production facilities, tooling, and Fountain and Baja brands is scheduled for next Monday.

Reggie Fountain, president and CEO, told The Washington Daily News that the company has signed an agreement with Liberty Investments, which would make that group the majority shareholder. Fountain told the paper he would retain his position as CEO under the deal.

Fountain looks to investment firm to hold company together

Beached whale found in Gloucester

 

The state announced Tuesday it’s stepping in to help remove a beached whale from the north side of the York River in Gloucester Point. The whale was discovered near Allen Island sometime on Saturday.

A stranding response team representative from the Virginia Aquarium tells WAVY.com the state is trying to find a landfill that will take the whale. The state will be coordinating the effort, which involves placing the 25 foot female humpback whale on a flatbed and towing it from the scene.

Beached whale found in Gloucester | WAVY.com | Gloucester er, VA

VIRGINIA BEACH FISHING CENTER BILLFISH EXTRAVAGANZA

What a sight! Marlin flags EVERYWHERE!! These private boats that went out this weekend, most likely overnight trips, prove that all the fish are moving down the coast right on schedule! These flags remind us of the days last year when our boats were pulling up to the docks with double digit flags just like yesterday. Even though the picture shows 4 boats, there were 2 others that showed up for the photo-op for a total of 6 boats lined up near our docks. Congratulations to all the anglers who fished yesterday and are probably resting from pulling in all those fish. Also way to go to the captains and mates of these boats for being able to hook up to such a catch!

 

 

 

September 20

Possible Buyer For Fountain Powerboats?

 

Hustler Powerboats is reporting on its Facebook page that it is in negotiations to buy Fountain Powerboats in Beaufort County.

According to its website, Hustler Powerboats is located in New York and was started in 1979.

Here’s what the company Facebook says:

"Hustler is currently in negotiations to purchase Fountain powerboats and all its assets. As of Oct. 5th, Fountain powerboats will go up for auction and no longer be doing business. Hustler Powerboats will move its operations to NC and re-build the Fountain and Baja Line to full capacity over the next 4 years and keep the Fountain Legacy intact as we feel it is a big part of Performance boat history and do not want to see it die off. We are dedicated to re-strengthening both Fountain and Baja, keeping the same look and feel with improved quality and workmanship. Over these last couple years, Hustler has been blessed with sales and is running strong and would like to give back to the boating community by saving these companies from being auctioned off piece by piece."

WITN spoke with a Hustler representative by phone Wednesday afternoon. He confirmed the information on the Facebook page and said the owner of Hustler is working with the bank and will be touring the Fountain facility Thursday.

WITN is working to contact Reggie Fountain for information.

In August, Fountain Powerboats filed for Chapter 11 bankruptcy protection. An auction is scheduled for the first week of October

Possible Buyer For Fountain Powerboats?

Fountain Update: Hustler to pursue Fountain assets

 

Hustler Powerboats said in a statement today that it is going into negotiations to purchase Fountain Powerboats and all its assets. Fountain filed for Chapter 11 bankruptcy protection on August 25, 2009.

Hustler said Fountain’s assets are scheduled to go to auction on October 5. Hustler would move its operations from New York to Fountain’s North Carolina facilities if the acquisition is successful.

Hustler to pursue Fountain assets

Fountain Powerboats Sold

 
 
Big Boy Fishing gains rumors that Fountain Powerboats, (www.fountainpowerboats.com), has been sold last week for under $7.0 million Dollars to a Russian Investment Group.  We will inform you as information comes available.
 
BIG BOY Fishing Media Team

Rudee Inlet’s anglers have blue-flag day for billfish

 

Several miles from shore, Capt. Greg Span radioed for help, panic in his voice.

"More flags. I need more flags."

At Fisherman’s Wharf Marina inside Rudee Inlet, a dock hand leaped into action, gathering half a dozen plastic boxes containing small blue flags, each embroidered with a white billfish.

Span motored into the inlet and stopped at the Southside Marina, picking up the flags and hanging them from his outriggers, finishing off a dazzling collection of blue and white that fluttered from each side of his luxury yacht, the Canyon Express.

Rudee Inlet’s anglers have blue-flag day for billfish | HamptonRoads.com | PilotOnline.com