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Grand Banks Announces New Authorized Dealer for Carolinas
Jarrett Bay Yacht Sales awarded exclusive territory as newest GB sales and servicing dealer

SEATTLE – April 4, 2006 – Grand Banks Yachts, builder of high-quality cruising boats for 50 years, is pleased to announce the addition of Jarrett Bay Yacht Sales as the exclusive sales and servicing dealer for the Carolinas.

"Jarrett Bay Yacht Sales is very well respected in our industry, with a proven record of success as a top dealer in the region," said Neil McCurdy, Vice President of Sales for Grand Banks Yachts. "The team at Jarrett Bay is very knowledgeable and professional, and we're very excited to have them join the Grand Banks family to represent our entire model line in the Carolinas."

The appointment is part of Grand Banks' ongoing efforts to grow and strengthen its world-wide network of Authorized Dealers. The company currently has more than a dozen dealers with over 30 locations throughout the Americas, Europe, Asia and Australia.

"Jarrett Bay Yacht Sales is enthusiastic about our new relationship with Grand Banks Yachts and their customers," said Rob Miltz, Vice President and General Manager for Jarrett Bay Yacht Sales. "Grand Banks is an extremely well respected brand with a long standing reputation for building very high quality products. We believe this will be a very good fit with the other premium brand yachts we sell and service."

Jarrett Bay Yacht Sales will handle Grand Banks with sales offices at Beaufort and Wrightsville Beach in North Carolina, and at Charleston, South Carolina. Warranty and repair work within the region will be coordinated through Jarrett Bay's 175-acre industrial park located on North Carolina's Intracoastal Waterway in Beaufort. With ample dockage space and 50- to 220-ton travel lifts available, Jarrett Bay Yacht Sales is fully equipped to offer any service required from Grand Banks owners.

About Grand Banks - Since 1956, Grand Banks Yachts, Ltd. has built yachts of superior quality that have become industry hallmarks and earned a loyal following around the world. Renowned for their handmade craftsmanship, distinctive good looks, and tried and true all-weather capabilities, Grand Banks yachts continue to be the choice of discerning boaters today. Learn more about the company and its Heritage, Eastbay, and Aleutian series yachts at www.grandbanks.com

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Seattle, WA 98199
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