MIAMI, March 21, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE  – Victory Marine Holdings (OTCPK: VMHG), would like to update its shareholders on the progress and opportunities in its subsidiary Victory Yacht Sales, Corp. and Excalibur Trailers USA, Corp.

Victory Yacht Sales Corp:

We have hired one more licensed professional yacht broker with a proven track record in the industry: Mr. Yarmai Martinez brings knowledge and a solid sales track record. His successful background includes acquiring quality listings and is anticipated to be an excellent complement to our yacht brokerage department.

Despite inclement weather through the winter and a longer than expected government shutdown, the company is full speed ahead in its operations. Miami International Boat Show and Miami Yacht Show had a fantastic turnout, a big win for Victory Yacht Sales where we picked up a number of quality listings and serious working prospects.

Due to increased demand for boat sales, the Company has targeted strategic relationships with a small number of manufacturer facilities to begin production on our new line of center console and catamaran boat. A Letter of Intent is forthcoming.

Excalibur Trailers USA, Corp:

The Company has unwound its previously signed lease agreement with a facility in Miami (agreement previously announced).  The Company is currently working to identify circumstances conducive to commencement of its trailer manufacturing division in the very near future.

As previously announced, The Company is currently in discussions with Safety-Tow to be sole distributor for their patented Safety Towing System.

Visit our website:
www.VictoryYachts.com
Email: corporate@VictoryYachts.com

About The Company

Victory Marine Holdings, Corp. is a recreational marine provider seeking to bring the best product and best service in different areas of this amazing industry. We are focused on providing our clients a one stop experience in all their recreational marine needs from new and used boats to financing, insurance, documentation and accessories.

Forward-Looking Statements.

Certain statements in this release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors. We assume no obligation to update the information contained in this news release.