2009 Press Releases
Grand Banks Appoints Two New Dealers in Far East
Builder continues to expand dealer network with locations in China and South Korea.

SEATTLE – January 03, 2009 – At a time when many boatbuilders are cutting operations and distribution, Grand Banks Yachts continues to grow its global footprint with two new dealers along the Asia Pacific Rim.

The appointment of Asia Yacht Services marks the company's long-awaited return to Hong Kong, and its first dealership within China's rapid-growth boating market. Located in the Pearl River Delta, Asia Yacht Services will serve as the region's exclusive Grand Banks representative for its Heritage, Eastbay and Aleutian Series of motor yachts.

"We're very excited to be back with a sales presence in Hong Kong, where our company started over fifty years ago," said Hank Compton, GB sales manager for the Asia Pacific region. "Asia Yacht Services has a strong reputation and excellent location that will help us meet the growing demand here for cruising yachts of proven high quality."

Rising demand and the emerging boating market in South Korea has led Grand Banks Yachts to appoint a dealer in this region as well. Power Marine, based in Busan, is a well-established marine sales company with a solid reputation as a high-end luxury yacht sales and service center. "We are delighted with their appointment and look forward to working together to establish Grand Banks Yachts as the premier quality brand in South Korea," said Mr. Compton.

Grand Banks continues to expand its global dealer network - particularly in regions showing rapid growth of high net worth individuals. This includes the recent addition of dealers in emerging markets such as Croatia, Turkey, Russia and the Ukraine. Today the Grand Banks Authorized Dealer network stretches around the world from Seattle to Spain to Singapore, with over 40 dealer locations across 20 countries.

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 grandbanks.com.

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