The Limestone Boat Company Announces the Resumption of Manufacturing Operations in Its New Facilities in St. Stephen, NB

COLLINGWOOD, ON / ACCESSWIRE / April 17, 2024 / The Limestone Boat Company Limited ("Limestone" or the "Company") (TSXV:BOAT) - owner and builder of Limestone Boats - today reports that it has re-resumed manufacturing operations in its new facilities in the Maritimes.

Specifically, the Company is pleased to report that its intensive employee training program which began in late November 2023 has concluded with employees now having commenced boatbuilding in the Company's new manufacturing facilities in St. Stephen, New Brunswick. Limestone's New Brunswick management team of experienced boatbuilders, marine designers and engineers, and quality assurance specialists are confident that the Company's formal training program has equipped its employees with the necessary boatbuilding skills and industry knowledge required to build the quality boats expected from Limestone as it transitions to serial production over the coming months. The Company expects to see its first MY2025 production boat roll out the door to its dealers commencing in June 2024.

Foto: Accesswire

The Company is also pleased to re-confirm that the exciting upgrades to existing tooling for the L200CC and L200R models with improved quality and production efficiencies, along with the new L290DC and L200R EV tooling which is nearing completion, aligns with the re-commencement of production this week.

Throughout the suspension of manufacturing operations, the Company's dealer partners have remained supportive with over a dozen additional dealers having expressed interest in the Limestone model lineup and Limestone's outboard power configurations as capacity increases in the months ahead.

The Limestone Board and management would like to once again thank all stakeholders for their continued support of the Company. Management and the Board of Directors of Limestone also wish to reaffirm their commitment to enhancing shareholder value.

About The Limestone Boat Company Limited

The Limestone Boat Company Limited- owner and builder of Limestone Boats - is publicly traded on the TSX Venture Exchange under the ticker symbol "BOAT". The Company is headquartered in Collingwood, Ontario.

For more information, please contact:

Bill Mitoulas | Investor Relations
800-720-2395
[e-mail]
www.limestoneboatcompany.com

Scott Hanson | CEO of The Limestone Boat Company Limited
800-720-2395
[e-mail]