First, I want to thank you for your continued interest in Northwest Trawlers.

Today, I am writing to share some recent news with you:

1. Over this past weekend, we updated our website to include more information on the NW 50 and NW 55. In addition, the “Welcome Page” now offers an opportunity for you to view our company video. Some of you may have seen it already on DVD, but in case you haven’t, it can be viewed by clicking on the video “view” link. Visit our site at www.nwtrawlers.com.

2. To help begin economic recovery soon; we have introduced our very own “Economic Stimulus Package”. For a limited time, we are offering very attractive financial incentives if you order a new Northwest Trawler. Complete information can be found on the home page by clicking the word “details” or “Northwest Trawlers Special Promotion” at the bottom of any page. This program is for a limited time so take a look and give us a call.

3. I am beginning a list of names of like minded people who may be interested in owning a Northwest Trawler as a fractional ownership or partnership. Aircraft fractional ownership programs have become quite popular in recent years because they divide the cost of ownership between several owners. A boat, like an airplane requires a significant capital investment and may not be used full time by the owner(s). The key to success in a multi-owner situation is to have the goals of the owners compatible. It is also very important to keep the boat well maintained and ready for the next owner’s use. This is something that we have extensive experience in having owned a bareboat charter/ yacht management company in the past. Fractional ownership can also get you out on the water cruising a Northwest Trawler sooner than if you waited until you had the time or resources to purchase one entirely on your own. And costs (insurance, moorage, maintenance, etc.) are also divided to keep cost minimal. If you have interest in fractional ownership, give me a call or drop me an email and I will add you to the list.

4. Nor’wester, our demonstrator boat is still for sale. She is very well priced at $879,000. This outstanding boat is extremely well equipped with: (partial list)

• Complete hydraulic package including stabilizers, bow thruster, windlass and auxiliary Bat Drive “get home” system.
• Advanced Electronics package including redundant radar, chart plotter and depth sounder. Also includes KVH satellite TV system and “fly by wire” jog stick for effort free steering.
• Watermaker.
• Long Range Fuel (900 gallons).
• Flybridge package including electronics.
• Air Conditioning/ Heat.

Replacement for a comparably equipped Northwest 45 would exceed $1.4M. In all my boating years, I have never experienced a boat as quiet, solid, and comfortable as Nor’wester. She is a boat you would be proud to own and she would give you years of pleasurable and safe cruising. Call me and schedule a sea trial to see for yourself. Northwest Trawlers has interest in building a Northwest 50 or 55 for a client and offering additional incentives or leasing it back for occasional use as a demonstrator or use for promotional purposes. Check with your accountant as this may have significant tax advantages for you. If you are interested, call me to discuss this further.

Boat construction financing is available as well as 20 year term financing to begin once construction is complete. Construction financing is through North county Bank, a local community bank that can be quite flexible. Longer term financing can be done through either North County or Trident Financial. We also will consider quality trade-ins toward the purchase of Nor’wester or a new Northwest Trawler.

Well, that’s it for now, except as always, if you are in the Anacortes area, please stop in and say hello.