ELAN Marine - Power - Elan Motor Yachts, Boat Building Company Ltd.

<body> Elan Motor Yachts, Boat Building Company Ltd..<br> <SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">At the end of last year all the shares of Elan PBO yard in Obrovac, Croatia, were tendered by the only shareholder, Elan Marine d.o.o. In February 2010, BNC d.o.o., a former Elan Power dealer for Slovenia, commenced a tender offer for all the shares with an ambitious business plan of preserving production and jobs as well as expanding the range of existing boat models with a few new ones. The offer was accepted and on April 9th, 2010 BNC d.o.o. became the only shareholder of the Elan yard in Obrovac, now internationally named Elan Motor Yachts, Boat Building Company Ltd. and the official licensee of Elan Motor Yachts trademark.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">Since their foundation in summer 2004, BNC d.o.o. have been involved in a variety of nautical activities, including sales, service and motor yacht charter business. In 2005 they have been assigned the official elan Power dealership fort he territory of Slovenia. The company is owned by Mr. Matjaz Avsic, who has for the past 10 years been involved in motor yacht sales, service and charter business. BNC's charter facilities, operated through charter company Beta Yachting d.o.o., registered in Croatia, are located in Croatia's largest marina Dalmacija in Sukosan (7 km from Zadar and 45 km from Obrovac shipyard). Besides being a common charter base, the facilities represent a full-service demo center, offering possibilities of sea trials, events organization, sales and after-sales support both to dealers and boat owners.</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">BNC d.o.o. intend to further develop the elan motor yachts trademark. Marketing and sales activities, as well as development of motor yachts will be operated from their headquarters, located in Ljubljana, while the building process of elan Power E35, elan Power E42 and elan Power E48 models as well as investments into new models elan Power E30 and elan Power E52 will be operated from the Elan Motor Yachts Ltd shipyard, located in Obrovac. Flybridge models elan Power E48 Sport FLY and elan Power E52 Flybridge intended to be developed next year. </FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">BNC’s current business plan includes development of the range as follows:</FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:bold;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">Hardtop range development - to be started immediately<FONT style="font-weight:normal;"></FONT></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">1. NEW model E30 – to be launched till the end of this year </FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">2. E35 re-design (glass hardtop, three different versions of interior rendering,…) </FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">3. E42 re-design (IPS engines, glass hardtop, cockpit re-design, hydraulic folding platform,…) </FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">4. E48 re-design (3 x IPS, interior re-design,…) </FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">5. NEW model E52 (cockpit closed with glass sliding door,…) – to be launched in 2011 </FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"> </FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:bold;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">Flybridge range development - to be started in 2011<FONT style="font-weight:normal;"></FONT></FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">1. NEW model E48 Sport Fly </FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">2. NEW model E52 Flybridge </FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0"> </FONT><br><SPAN ALIGN="LEFT"><FONT style="font-weight:normal;" COLOR="#133E58" LETTERSPACING="0" KERNING="0">Further collaboration with all the dealers will be greatly appreciated, dealer and broker network to be expanded soon.</FONT><br>.<br> <a href="http://power.elan-yachts.com">Home - http://power.elan-yachts.com</a><br> <a href="http://power.elan-yachts.com/pc.asp?xpath=&xpathid=&lang=eng">Elan Marine - Home - http://power.elan-yachts.com/pc.asp?xpath=&xpathid=&lang=eng</a><br> <a href="http://power.elan-yachts.com/pc.asp?xpath=/news&xpathid=&lang=eng">Elan Marine - News - http://power.elan-yachts.com/pc.asp?xpath=/news&xpathid=&lang=eng</a> <br> <br> <a href="http://power.elan-yachts.com/pc.asp?xpath=/news&xpathid=PIC700627&lang=eng">Elan Marine - News - New catalogue - http://power.elan-yachts.com/pc.asp?xpath=/news&xpathid=PIC700627&lang=eng</a><br><a href="http://power.elan-yachts.com/pc.asp?xpath=/news&xpathid=PIC903356&lang=eng">Elan Marine - 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