Chaparral Boats Ranked Highest in Customer Satisfaction for Small Runabouts By J.D. Power |
ATLANTA, Jan. 7 /PRNewswire-FirstCall/ -- Marine Products Corporation (Amex: MPX) announced today that its Chaparral Boats subsidiary ranked the highest in customer satisfaction for small runabouts by J.D. Power & Associates. Marine Products is a leading manufacturer of fiberglass boats under two brand names: sterndrive pleasure boats by Chaparral, including SS Sportboats, Sunesta Deckboats, and Signature Cruisers, and offshore sport fishing boats by Robalo.
Richard A. Hubbell, President and CEO of Marine Products stated, "We are pleased to announce that our small sportboats have won this honor. This ranking is distinctive because it reflects the opinion of those who purchase our boats -- and of those who purchase the boats of our competitors. This distinction truly represents the voice of the consumer."
The J.D. Power & Associates 2002 Boat Competitive Information Study(SM), based on responses of nearly 12,000 consumers who purchased a new boat during the 2001 calendar year, measures owners' on-the-water experience with their new boat. In addition to providing an analysis of product satisfaction and quality issues, the study ranks boat manufacturers on an index of several product factors, including the boat's exterior, comfort and convenience items and seats. Seventy boat brands are included in the study. A comprehensive listing of results by boat brand can be found online at the J.D. Power Consumer Center at www.jdpower.com .
James A. Lane, Jr., President of Chaparral Boats and Executive Vice President of Marine Products commented, "This prestigious award, along with our 22 awards for product excellence, eight boat of the year awards, and recent ISO 9001: 2000 certification, is proof of our dedication to produce quality products and our consistent efforts towards excellence in customer satisfaction."
Marine Products Corporation (Amex: MPX) is the third-largest distributor of sterndrive powerboats in the U.S. The company designs, manufactures and distributes premium-branded Chaparral sterndrive pleasure boats and Robalo outboard offshore fishing boats, and continues to diversify its product line through product innovation and strategic acquisition. With premium brands and a solid capital structure, Marine Products Corporation is prepared to capitalize on market opportunities to increase its market share and to provide consistent performance to build long-term shareholder value. For more information on Marine Products Corporation visit www.marineproductscorp.com .
For information contact:
BEN M. PALMER
Chief Financial Officer
404.321.7910
JIM LANDERS
Corporate Finance
404.321.2162
irdept@marineproductscorp.com
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Marine Products Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.
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Jan 07, 2003 |
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