MEGAWARE KEELGUARD COMPLETES PURCHASE OF HAMBY'S PROTECTOR

Acquisition Reinforces Company's Leadership in the Boat Protection Products Category

OGDEN, Utah -- Megaware Keelguard, Inc., a leading manufacturer of boat protection products in the U.S., announced today the completion of the company's purchase of keel protector manufacturer Hamby's Protector, Inc.

The purchase makes Megaware Keelguard the largest manufacturer of keel protection products in the world. Megaware KeelGuard is the first manufacturer to offer a do-it-yourself keel guard protection system. Hamby's Protector pioneered the first keel protector in 1988, which is available through OEMs or as a dealer-installed option.

According to David Shumway, President of Megaware Keelguard, the two companies will continue to operate independently, but share strategic objectives that will allow the group to expand its business development plans and better serve the needs of its customers. Roger Sutterfield will continue to manage Hamby's day-to-day operations as the company's Director of Sales.

"We are excited to bring these two excellent brands under one corporate umbrella allowing us to expand our capabilities to deliver the best boat protection products in the world," said Shumway. "Customers of Megaware Keelguard products and Hamby's Protector will enjoy the same high level of client service that has made our companies leaders in the marine industry."