James Bronstien to Step Aside as President of Rybovich

After nearly 22 years and a sale of the business, Bronstien is ready to explore new opportunities.

WEST PALM BEACH, Fla. – September 30, 2005– James Bronstien, the 22 year veteran, long time leader and former owner of Rybovich, today announced that he has decided to leave the renowned yacht company to pursue new opportunities and ventures. Employed at the same place since 1984, Bronstien has been a constant and influential presence in both the marine industry and the Palm Beach County community.

“When I sold the company to the Huizenga family last year, I made a commitment to our staff, to the community, and to the marine industry that the boatyard, boatbuilding, and marina businesses would not only remain, but would be greatly enhanced. That course is now well underway”, says Bronstien, noting the vast improvements that have already taken place this past year. “In addition, the mixed use redevelopment of the overall property has received such overwhelming support that I can be certain the future of the property will be as I had always hoped it would be. As a result, after nearly 22 years in the same business on the same property, I feel I have accomplished my goals here. It is now time for me to step aside and pursue new opportunities.”

Rybovich, one of the largest and most respected yacht service, marina and boatbuilding companies in South Florida was owned by the Bronstien family since 1981 until it was acquired in January of 2004 by H. Wayne Huizenga, Jr.

“If it were not for Jim’s passion and the vision he shared with us over 2 years ago, we would not be where we are today”, says Huizenga Jr. “Jim gave us great guidance while we got our feet wet in this business and we are now as committed to the future as his family was for the last 25 years.”

Wayne Huzienga, Jr. will fill the role as President as well as CEO. Bronstien, 45, plans to stay on thru the end of October. After that, he will continue to support the Huizengas as requested in marine and community matters including opportunities that may present themselves in future working relationships.

“While I also plan to be available for other companies that may seek my assistance and contributions, I know I will always be an ambassador for Rybovich. This is a great company that brought my family many years of happiness and I wish it continued success under the Huizenga leadership.”