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US performance line names Monaco distributor

By IBI Magazine

California-based Fearless International said in a statement that it has appointed Spencer Ship in Monaco to establish a European dealer network. The agreement provides Spencer Ship with the rights to offer Fearless Yachts' line of performance boats within Europe. Spencer will also exhibit and promote the brand at European boat shows as well as provide service and warranty support in the region.

"Securing a strong European partner is an important step in expanding our geographic footprint," said Jeffrey Binder, Fearless CEO, in the statement. "As additional boats are brought to market, it is important that we have a strong dealership network in place. We are confident that this will be a successful collaboration."

Fearless said in the statement that is has obtained bridged financing for the company. The "ultra-luxury performance" brand, designed in partnership with Porsche Design Studio, was introduced last year.

(22 November 2007)


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