NMMAThe National Marine Manufacturers Association (NMMA), has announced that recreational boating in the U.S. has an annual economic value of $121 billion. The industry’s rising tide supports 964,000 American jobs and 34,833 businesses, generates $40 billion in annual labor income and drives $83 billion in annual spending. The NMMA, on behalf of the U.S. boating industry, released these findings as part of its annual U.S. Recreational Boating Statistical Abstract, a collection of data and analysis on the state of the U.S. recreational boating industry. The Canadian Recreational Boating Statistical Abstract was

ABYCABYC and ABBRA Will Co-host Webinar to Address Inventory and Profits for Maritime Companies and Individuals. The American Boat & Yacht Council (ABYC) and the American Boat Builders & Repairers Association (ABBRA) will co-host their second webinar, Optimizing  Inventory, as part of an educational series that helps any maritime company, boat builder, manufacturer, marina or yard facility, and the service technician manage their inventory while improving profitability. The webinar will be led by Stephen Bullard, Senior Sales Director, PierVantage Marine Management Solution.  Bullard has more than 20 years in the marine service management, has logged more than 15,000 miles sailing the Atlantic and Pacific Oceans and is a 100 ton master captain.

Structure MarineLocated about 400 miles northeast of Quebec City, the Gaspesie peninsula and les Iles-de-la-Madeleine present some of the most picturesque scenery in maritime Canada. Beckoning passengers aboard ships cruising the St. Lawrence River, both ports boast covered landing facilities as elegant as they are functional. Engineered by Structurmarine, they provide comfort and safety for travelers moving from ship to shore. Les Iles-de-la-Madeleine welcomes cruise passengers from August to October, and Gaspesie from May to October. Authorities at both ports sought to upgrade their docks and improve the experience for tourists who come ashore via shuttle boats to shop, view local attractions and sample legendary regional cuisine.

BRPBRP Inc. (TSX: DOO) has reported its financial results for the first quarter ended April 30, 2013. All financial information is in Canadian dollars unless otherwise noted. The complete financial results are available at www.sedar.com. BRP Inc., completed its initial public offering last month, and began trading on the Toronto stock exchange under the symbol 'DOO'. BRP is reporting quarterly financial results for the first time. “We are pleased to report our first results as a public company and we take this opportunity to welcome our new shareholders to BRP. Our first quarter puts us on track for a strong performance this year,” remarked President and CEO José Boisjoli. “Our revenues from our Year-Round

Fusion ElectronicsFusion, a leader in marine audio, has announced the overwhelming success and adoption of its innovative and award-winning FUSION-Link technology. Following a twelve-month effort to establish itself as the entertainment standard with boatbuilders, marine electronics developers and other third party manufacturers, FUSION products and technology have been implemented by industry leading brands in all categories. The company’s True Marine entertainment systems have been adopted by dozens of boatbuilders including Bavaria Yachts, Boston Whaler, Caribbean, Contender, Ebb-Tide, Fairline, Fontaine Pajot, Grady White, Lowe Boats, Mastercraft, Matrix, Monterey, Princess, Ranger Tugs, Regal,

VIBS 2014In collaboration with Canadian Boat Shows, Inc., BCMTA administration and Board members have participated in meetings with VIBS exhibitors to review and select the best show dates for 2014. The need for such an in-depth review was based on this year’s survey results, which identified exhibitor concern with increased costs associated with the show being open on the statutory Family Day holiday, and a growing concern that even with modifications to the show’s schedule, any overlap with Family Day long weekend is a risk to the show’s attendance – the latter of which is also confirmed by consumer survey responses.

Kropf IndustrialKropf Industrial has just delivered a new Conolift sixty-ton capacity self-propelled hydraulic boat trailer to Winter Harbor LLC in Brewerton, NY. Winter Harbor is a brokerage, service, and storage facility with extensive indoor storage facilities. The new trailer will allow for the safe and efficient transportation of vessels from the existing lift into the storage buildings, where they can be easily placed in close proximity on storage stands without the use of additional equipment. The trailer features an updated open-end design to minimize overall length without sacrificing stability, thereby increasing storage efficiency and maneuverability.

Mercury MarineMercury Marine new North American dealers include 11 dealers in Canada and 14 in the US. The US locations include: Antique Boat Center in Cincinnati, Ohio; AquaKnox Marine in La Follette, Tennessee; Athens Marine in Bogart, Georgia; Barrett Custom Marine in Lake Havasu City, Arizona; Calico Jacks Boat & RV in Gallatin, Tennessee; Dennis Dillon RV & Marine in Boise, Idaho; Gary's Marine Service in Winchester, Tennessee; Got Water Rentals, Sales & Service in Lake Havasu City, Arizona; Kovash Marine in Moorhead, Minnesota; Ottertail Marine & Sports in Ottertail, Minnesota;

TIBS Space for 2014 ShowAs your input is critical to the success of the Toronto Boat Show, thank you to all who participated in our 2013 post-show exhibitor survey.  
 Congratulations to our three draw winners:
•    Jason Pulchinski from The Lake Distributing won a one-night stay at the Sheraton and a $200 Keg gift card
•    Jean-Philippe Martin-Dubois from Princecraft won a $100 Canadian Tire gift card
•    Karen Stephenson from the Grenada Board of Tourism won a $50 Tim Horton's gift card

Toronto Boat Show New StaffToronto Boat Show Sales Manager Matthew (Matt) Rook and CBS Controller Jennifer Findlay join the Canadian Boat Shows team! A strong sales professional with a legacy of cultivating effective client relationships and generating creative solutions and steady business growth, most recently Matt was with Richelieu Hardware, and prior to that, Insight Sports Ltd., a leading North American sports media and entertainment company. An avid cottage boater and sports enthusiast, Matt looks forward to meeting many who share his passion for the water and the greens at tomorrow's Boating Business Charity Golf Tournament!

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BUSINESS VALUATIONS: THREE SITUATIONS WHEN YOU MIGHT NOT NEED ONE

 

Business ValuationsBy: Patrick Ungashick

Photo Credit: Dwain Bodkin


Business valuations are an important tool for owners and leaders of privately-held companies. For example, if you are doing sophisticated tax planning, buying-out a business partner, or if an owner is going through a marital divorce, then a valuation may be highly prudent—if not legally required. However, business owners and leaders should avoid rushing to get a valuation in circumstances where the need is not clear.

Read more about Business Valuations......

 

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