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07/14/2004
Stonehenge Capital Company Invests in Twin Vee Marine Group, a Manufacturer of Power Catamarans
Tampa, FL - Stonehenge Capital Company announced it has invested in Twin Vee Marine Group, Inc. Twin Vee, headquartered in Fort Pierce, Florida, builds high quality, affordable and safe power catamarans.
This investment will enable Twin Vee to further facilitate the research, development and subsequent introduction of an expanded product line.
Steven F. Lux, Stonehenge Director, commented, "Stonehenge is extremely pleased to support the growth strategy of Twin Vee. Twin Vee has a proven model for successful boat manufacturing, and we are committed to support their continued growth strategy."
David East, Twin Vee Marine Group, Chief Executive Officer, stated, " We have worked very closely with Stonehenge to provide our company with the necessary capital to position us for growth. Stonehenge's support of high-growth, entrepreneurial companies make it possible for Twin Vee to thrive in Florida."
ABOUT STONEHENGE
Stonehenge Capital Company is a nationwide specialty finance firm with expertise in risk capital management, tax credit finance and structured finance transactions. Stonehenge manages approximately $500 million in capital with offices in Alabama, Colorado, Florida, Louisiana, Missouri, New York, Ohio, and Wisconsin.
ABOUT TWIN VEE
Twin Vee Marine Group, Inc., based in Fort Pierce, Florida, builds high quality, affordable and safe power catamarans. They provide an exceptionally dry and smooth ride in all sea conditions while drafting very little water on the flats. The efficient Twin Vee hull design requires smaller, less expensive engines to deliver great performance and low operating costs. There are now 13 models ranging from 10 feet to 36 feet. For more information about Twin Vee Power Cats, visit the Company's website at www.twinvee.net.
This investment will enable Twin Vee to further facilitate the research, development and subsequent introduction of an expanded product line.
Steven F. Lux, Stonehenge Director, commented, "Stonehenge is extremely pleased to support the growth strategy of Twin Vee. Twin Vee has a proven model for successful boat manufacturing, and we are committed to support their continued growth strategy."
David East, Twin Vee Marine Group, Chief Executive Officer, stated, " We have worked very closely with Stonehenge to provide our company with the necessary capital to position us for growth. Stonehenge's support of high-growth, entrepreneurial companies make it possible for Twin Vee to thrive in Florida."
ABOUT STONEHENGE
Stonehenge Capital Company is a nationwide specialty finance firm with expertise in risk capital management, tax credit finance and structured finance transactions. Stonehenge manages approximately $500 million in capital with offices in Alabama, Colorado, Florida, Louisiana, Missouri, New York, Ohio, and Wisconsin.
ABOUT TWIN VEE
Twin Vee Marine Group, Inc., based in Fort Pierce, Florida, builds high quality, affordable and safe power catamarans. They provide an exceptionally dry and smooth ride in all sea conditions while drafting very little water on the flats. The efficient Twin Vee hull design requires smaller, less expensive engines to deliver great performance and low operating costs. There are now 13 models ranging from 10 feet to 36 feet. For more information about Twin Vee Power Cats, visit the Company's website at www.twinvee.net.
| Associated Company |
| Twin Vee, Inc. |
| Associated Office |
| Tampa |
