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Historic Columbia Yachts Reborn

NEWPORT BEACH, Calif. – May 15, 2003 – Columbia Yacht Corporation announced today that the sail-yacht building company will introduce their first model in the fall of 2003 - a 30’ sport sailer designed for performance-minded enthusiasts who also desire ease of use and comfort, at a highly competitive price.

In the fall of 2002, the company announced the return of the historic Columbia Yachts, one of the most successful sailboat lines of the 20th century.

“Columbia Yachts became popular in the early1960’s because they produced well-designed, well-built vessels that met the needs of the sailor,” said Vince Valdes, president of Columbia Yachts and son of Richard “Dick” Valdes, creator of the original Columbia Yachts. “This is precisely our goal in reintroducing Columbia Yachts. We’ve taken a careful look at what is offered in the market today, and feel that there is a large group of sailors whose needs just aren’t satisfied by what is out there - at any price. We’re developing a company – headlined by the introduction of our new 30’ sport sailer – that recognizes these needs and meets them with truly unique sailboats.”

Columbia's new 30’ sportsailer is designed by Morrelli & Melvin Design and Engineering Inc. Morrelli & Melvin D&E Inc. penned Steve Fossett's maxi catamaran "PlayStation" among many other notable sailboats. "When we were approached by Columbia Yachts to design their new 30 foot sport sailer, we were quite pleased with the prospect of adding to the Columbia heritage,” said Gino Morrelli.

“Morrelli & Melvin D&E is primarily a multihull design shop, but Vince Valdes explained that he was looking for an innovative design team. We both agreed that innovation in sailing often comes from the multihull world. Columbia Yachts was the premiere builder of sailboats in the 60's and 70's and an innovator in the industry; in fact my parents and I learned how to sail in a Columbia 24! We are happy to be a part of Columbia's rebirth,” said Morrelli.

Progress and Launching of the Columbia 30
Tooling construction and production design are well underway in Southern California, and Columbia Yachts expects to debut the new 30’ model at fall, 2003 boat shows. “What’s been exciting about building this boat is the great response that we’ve received affirming the design concept,” said Vince. “People are excited about this boat - we’re already taking deposits on the new Columbia. We spent many months honing the design concept in the market with the direct input of sailors and designers alike. As we finalize details, we’ve received a flood of input from potential buyers regarding desirable attributes. Based on this feedback, we’ve made a few changes to the original design concept, such as including a fully enclosed head. We feel that this feedback not only has validated our original vision and market research, but has allowed us the ability to hone our design to create an even better product before our launch this fall.”

Carrying on a Family Tradition
Vince Valdes’ father was responsible for building the original Columbia Yachts into an industry powerhouse that put more than 30,000 boats into the water and operated production facilities throughout the world. His upbringing in a boat building family has helped Valdes to develop his own boat building and business management knowledge at an early age. Valdes works, designs and speaks from personal experience, and regularly serves as a skipper or crewmember on a variety of cruising and racing sailboats. Recently, Valdes sailed aboard the racing yacht “Bull” in the 2001 Trans Pacific Yacht Race from Los Angeles to Honolulu, winning first in class and first overall.

For more information about the new company, the 30’ sport sailer, the executive team and plans for the future, please visit the company’s Web site at www.columbiayachts.com.

Vince Valdes, Columbia Yachts
1048 Irvine Avenue # 252
Newport Beach, CA 92660-4602
949.631-6898
vvaldes@columbiayachts.com
www.columbiayachts.com

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