Learn More About the 400 GFX2 and the All-New Bahama 23 | | |
Hello and welcome to this week's CEO Update!
On Monday, we announced that Twin Vee has officially completed its strategic reincorporation from Delaware to Nevada. Our stockholders approved this proactive move in November to reduce operational costs and provide greater corporate flexibility. Despite the reincorporation, there will be no disruption to our daily operations. We remain exactly where we are, fully focused on pursuing our long-term growth initiatives and continuing to deliver the Best Riding Boat on the Water.
Also, our Owner Spotlight this week continues to follow Bob Harvey's "Project Twin Vee" series. Bob captured his on-the-water tutorial of his new 400 GFX2, mastering advanced maneuverability features. Be sure to check out his video below to see how he optimizes his Twin Vee for peak performance!
And finally, we showcase the all-new 23’ center console from Bahama Boat Works! This stunning new model recently debuted at the Palm Beach International Boat Show, and we have the walkthrough for you to enjoy!
| | | I hope you enjoy this issue of CEO Update and I'll see you next week! | | |
This week, we're continuing to highlight Bob Harvey's Project Twin Vee series with one of his latest popular videos. In this edition, Bob Harvey learns more about his new 400 GFX2 and how to operate it!
Bob gets a full, on-the-water orientation and sea trial that goes over the boat's integrated technology, navigation, and the advanced joystick piloting system. Moreover, Bob tests the system's precise low-speed maneuverability and the "Skyhook" GPS anchor, which independently shifts the engines to hold the boat's exact position and heading against active winds and currents.
Watch as Bob is impressed by his 400 GFX2's ride quality and raw performance, easily planing at low revolutions per minute and cruising smoothly at 38 miles per hour through choppy conditions.
Thanks again, Bob, for taking us along on your journey and sharing your experiences on your YouTube channel @BobHarvey40.
| | Twin Vee PowerCats Co. Announces Reincorporation in Nevada to Enhance Corporate Flexibility and Drive Long-term Cost Savings | | |
On Monday, Twin Vee announced that it had officially completed its strategic reincorporation from Delaware to Nevada following stockholder approval in November.
According to the Company, this transition is a proactive measure designed to reduce operational costs and support its long-term growth objectives. One immediate benefit of this move is eliminating the annual Delaware franchise tax, keeping capital in the business to support manufacturing, innovation, and expansion. Additionally, the Company anticipates that establishing its corporate domicile in Nevada will provide a reliable, well-maintained legal environment that sets clear guideposts for strategic decisions. Twin Vee expects that Nevada corporate law should offer more flexibility, giving it greater agility in structuring future corporate transactions.
"Importantly, the reincorporation to Nevada will not cause any disruption to Twin Vee's daily operations," remarked Joseph Visconti. "There will be no changes to the Company's business model or location . . . [and] positions Twin Vee to pursue its long-term growth initiatives and continue delivering The Best Riding Boat on the Water to our customers."
For more information on Twin Vee's reincorporation to Nevada, click the link below!
| | Exuma Watersports Team Sees Their 400 GFX2 for the First Time | | |
This week, we're taking a look back at the first time the Exuma Watersports team saw their all-new custom 400 GFX2!
Utilized for Exuma Watersports' high-end excursions, such as the swimming pigs and the 007 Thunderball Cave tours, their 40-foot Twin Vee provides the necessary combination of speed and durability, reaching 65 miles per hour even with a large top installed, ensuring power is available when needed in demanding maritime conditions.
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Welcome aboard the all-new 23’ center console from @bahamaboatworks, recently making its debut at the Palm Beach International Boat Show 🤙
#boatsgonewild #bahamaboatworks #centerconsole
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FORWARD-LOOKING STATEMENTS
This newsletter contains forward-looking statements that may discuss Twin Vee’s plans, goals, intentions and expectations as to future trends, events, results of operations, financial condition or other matters. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and they often include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” and other similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on Twin Vee’s current beliefs and assumptions, are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. These factors could cause actual events to differ from expectations, should not be construed as exhaustive, and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors included in Twin Vee’s most recent Annual Report on Form 10-K, Quarterly Report on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Except as required by law, Twin Vee undertakes no obligation to revise or update any forward-looking statement or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.
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