World-renowned Italian design group Pininfarina and world-class Challenger Powerboats have joined forces to produce a 36-foot precision powerboat inspired by the worlds most exotic sports cars. This is where European exterior lines blend with the best in American Nautical techology to create a rare experience in power, excitement and styling. Newly designed twin Mercury Racing EU662 SCI engines with revolutionary NXT transmissions and proprietary offset drives inspire higher and tighter twin props to deliver an entirely new level of performance in power boating. The 662 hp engine meets the most stringent exhaust and noise regulations and is the highest horsepower marine sterndrive engine certified for sale in the EU.

Challenger Powerboats, Inc., a manufacturer of powerboats, tow boats and water-jet powered sport boats, will exhibit its line of boats at the Miami International Boat Show, produced by the National Marine manufacturers Association, taking place February 14-18, which spans over three venues: the Miami Beach Convention Center, the Sea Isle Marina and Yachting Center and the Miamarina at Bayside.

The Company chose the site of the world's largest boat show to premiere its luxury, high performance cruiser created by the Italian design group, Pininfarina, the Challenger Limited Edition PF36. Pininfarina, most notably known for its unique designs of Ferrari and Maserati sport cars, as well as yachts and private jets, has designed a 36 foot boat, using Challenger's patented Duo-Delta Conic ("DDC") hull design, sleek carbon fibre architecture, twin Mercury 662 horse power engines and a luxuriously appointed cabin.

Challenger will introduce its new model on VIP day (February 14) at booth 3781. Production of the Pininfarina designed boat will be limited to 25 boats during its introduction year and offered only at selected locations around the world.

Commenting on the event, Challenger's CEO, Laurie Phillips, said, "Through our collaboration with Pininfarina, we have created a magnificent boat with sleek design elements, unique power configuration and carbon technology, to produce a rare experience in boating. We strategically chose the Miami International Boat Show to introduce our luxury, high performance cruiser because of the eclectic crowd of boat connoisseurs, sportsman and pleasure that it attracts from around the world. We believe boat lovers will equally recognize our boat for its matchless design and high performance capabilities -- a must own for the discerning buyer.

"The unique style of the boat, couple with our DDC hull, delivers smooth rides even in the roughest waters, while promoting ease of control at high speeds, in addition to looking incredible." Ms. Phillips added, "We will also be displaying our world class line of tow boats marketed under the Gekko brand, the water-jet powered open bow cruisers of our Sugar Sand brand, and our off-shore, family performance series Challenger brand. Considering the significant rise in demand for our boats over the last six months, we're expecting a banner year for 2008.

"We are actually ramping up production to address increased demand and to ensure ample inventory for upcoming boat shows for our expanding dealer network. The addition of the Pininfarina boat is expected to contribute to our success this year. Since production of the Pininfarina will be limited in it introductory year, we intend to offer them in very limited quantity in strategic locations around the world to ensure that the boats will retain their distinguished identity and exclusivity in their respective geographic markets."

The Miami International Boat Show is considered the "greatest boat show in the world". It will take place February 14-18, 2008.