Bronstien named Chairman of Saunders

PRESS RELEASE

Jim Bronstien Named Chairman of the Board for Saunders Yachtworks

Brand new 12 acre boatyard opening in Spring 2012 adds to the excitement

June 3, 2011, Gulf Shores, Alabama– Andrew Saunders, founder of Saunders Yachtworks and longtime Chairman of the premier service yard in the Gulf Coast, today announced the appointment of board member Jim Bronstien as the new Chairman of the Board. John Fitzgerald continues as President and CEO of the firm.

Mr. Saunders is retiring after 36 years in the role, having guided the company through a long and successful history. “I could not be happier than to turn over the reins of this company to Jim”, says Andrew Saunders.  “He is a great friend and source of guidance over the years. He will be an outstanding Chairman. I know Saunders Yachtworks will be in good hands as we move into the next phase of this business.”

Jim Bronstien is a 27 year South Florida Marine Industry veteran. He serves on several industry boards and is a frequent speaker at numerous industry functions. Jim is best known by many as the former Owner and President of Rybovich of West Palm Beach, Florida where he was CEO/owner for over 21 years before selling the company in 2004. Since then, thru his company Marine Business Advisors, he has been engaged with numerous yacht-related businesses in either an advisory or partnership role. His extensive experience in the yacht service industry fits perfectly for Saunders as they complete the final stages of a major expansion by building a brand new boatyard in Gulf Shores, Alabama directly located on the Gulf Intracoastal Waterway. This new facility, being built on 12 acres of Baldwin County property, with Federal grant assistance, will be able to service vessels in or out of the water up to 125’ with a 150 ton Travelift combined with an in-water service basin with deep water access to the Gulf.

“Having served on the board of Saunders Yachtworks for past four years, I know the company and the challenges. Andrew has worked tirelessly to position this company for strong growth and future success with the new Gulf Shores location, says Mr. Bronstien.” I feel privileged to continue his good work. Along with President and CEO John Fitzgerald and our experienced management and service team, we are ready and excited to move the company to the next level.”

With a 50+ year tradition of integrity and performance in marine repair, Saunders Yachtworks has facilities in Gulf Shores and Orange Beach, Alabama. The company has already established itself as the premier marine service provider on the northern coast of the Gulf of Mexico serving the yacht and high speed commercial craft markets.  Its brand new 150 ton boatyard is scheduled to open in Spring 2012 in Gulf Shores.  Saunders Yachtworks is a full-service operation, with a commitment to provide in-house solutions to customers’ needs.

Contact:

John Fitzgerald                                                Jim Bronstien                                     Andrew Saunders

jfitzgerald@saundersyacht.com           jimb@marinaba.com                        asaunders@saundersengine.com

251 981 3700                                                 561 346-9580                                 251 583 4240