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iboats.com hires VP to head Marketing Services Division

Press Release | January 12, 2005

Salt Lake City, UT - January 12, 2005 - iboats, inc., (www.iboats.com) the #1 boating website has hired Drew McFadden, former boats.com executive, as Vice President Marketing Services.

In this role, McFadden will be responsible for all the operations of the Division, including OEM, dealer & broker services, and business development. In addition, McFadden will oversee the development and application of a growing suite of state-of-the-art web marketing solutions for the marine industry.

"I'm thrilled to be a part of the iboats team," McFadden said, "I'm impressed by iboat's well developed offering of tools designed specifically for boat dealers, builders and brokers and I'm especially impressed with their state-of-the-art OEM extranet solution. We're going to continue to develop and offer new and exciting solutions for these segments and will follow the iboats tradition of offering them at the most reasonable prices in the industry."

McFadden also commented on the quality of people in the iboats.com organization. "They are unmatched in terms of their attention to the customer and ability to look outside the box for new opportunities that benefit our clients."

Bruno Vassel III, iboats President and Chief Executive Officer said, "Drew's proven track record and broad knowledge of the marine industry makes him a key addition to the senior management of our company. We're very excited to have Drew as part of the team and to be able to tap his experience."

Most recently, McFadden served as OEM and Business Development Manager for boats.com where he was responsible for the development of many of boats.com's key business lines, including OEM, advertising, corporate strategic planning and development.

iboats, inc., located in Salt Lake City, Utah is a privately held corporation that focuses on building the sales and profits of marine retailers. More information on iboats, inc. is available at www.iboats.com or by calling 1-800-869-1686.

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