Press Releases — 08 August 2009

PRESS RELEASE
FOR IMMEDIATE RELEASE

CONTACT:
Laura Hershfeld
Gemini Catamarans
410-626-2720
Annapolis, MD
laura@performancecruising.com
www.performancecruising.com

by Laura Hershfeld

Performance Cruising New Management Team

Laura Smith Hershfeld announced as President

8 August 2009: Tony and Sue Smith are very pleased to announce the sale of Performance Cruising Inc. to a management Group led by their daughter, Laura Smith Hershfeld.

Laura Smith Hershfeld has been appointed as President of Performance Cruising Inc. and will continue to manage the company where she has worked for the last 16 years.

Performance Cruising Inc. is the oldest, largest and most successful catamaran builder in the US and has built more than 1,000 of the highly successful Gemini 34 model over the last 20 years. In what has been a true family business since it’s founding by Tony and Sue Smith in 1980, PCI now goes forward into the future under the management of the next generation of the Smith family.

Tony and Sue will be heading south to Florida and the Bahamas in the fall aboard their own Gemini 105 upon the completion of the transition period. “Sue and I are very happy to have handed over the management of our family business to our daughter, Laura. She has inherited an excellent team of craftsmen, many of whom have been with us for more than a decade and are personally attached to both the product and the reputation that they have helped us create and build over the years.”

Laura Smith Hershfeld stated that “this is the culmination of a life’s work for my parents and I am looking forward to continuing the legacy and the product that they have built.”

Tony Smith is also pleased to announce that a long-term management contract has been signed with The Annapolis Catamaran Center (ACC), a division of The Catamaran Company, with regard to the operation of the marina at Performance Cruising Inc. ACC will be operating the marina and docks to provide dockage for their current catamaran clients and to offer dockage to those catamarans for sale on the market. The Catamaran Company currently offers this service at their Ft Lauderdale and Tortola, BVI locations to their local clients and are very pleased to be able to now offer this same service to their Mid-Atlantic customers also.

ABOUT GEMINI CATAMARANS:
Performance Cruising is the largest catamaran boat builder in the United States with over 1000 catamarans sold thus far. The gemini catamaran design has benefitted from five major model changes over the production run and countless refinements so that today’s Gemini 105Mc catamarans for sale represent the pinnacle of practical cruising catamaran design.

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