FOUNTAIN POWERBOATS ANNOUNCES SECOND QUARTER FINANCIAL RESULTS CONFERENCE CALL


Company Reiterates Revenue Guidance of $80 Million for Fiscal 2006 and Continued Profitability Trend



[ClickPress, Wed Jan 11 2006] Fountain Powerboat Industries, Inc. (AMEX:FPB), a leading manufacturer of high performance sport boats, fish boats and express cruisers, announced today that it will hold a conference call to review financial results for its second quarter ended December 31, 2005. The call will be held on Thursday, February 9, 2006, at 11:00 a.m. Eastern Standard Time.


“We invite all shareholders and members of the investment community to participate in our upcoming financial conference call,” said Fountain Powerboat Chief Financial Officer Irving Smith. “Given our significant sales backlog of more than $48 million and a strong showing last week at the New York National Boat Show, we anticipate continued profitability and reiterate our revenue guidance of $80 million for fiscal 2006.”


The toll-free conference call dial-in number for U.S. callers is 800.936.9754. The dial-in number for international callers is 973.935.2048. The passcode is 6915653. Please dial in to the conference five minutes before the call is scheduled to begin. An audio replay of the conference call will be available from February 9 through 16, 2006, and can be accessed by dialing 877.519.4471 in the U.S., or 973.341.3080 from outside the U.S., and entering passcode 6915653.


Additionally, the conference call is being webcast by ViaVid Communications and can be accessed by visiting http://viavid.net/dce.aspx?sid=00002C68 or Fountain Powerboat's web site, www.fountainpowerboats.com.


Smith added that the company will provide the investment community with a detailed update from the New York National Boat Show in the coming week.




About Fountain Powerboats, Inc.


Fountain Powerboats, Inc., a subsidiary of Fountain Powerboat Industries, Inc., has its executive offices and manufacturing facilities along the Pamlico River in Beaufort County, North Carolina. The company designs, manufactures and sells offshore sport boats, sport fishing boats and sport cruisers that target the segment of the recreational power boat market where speed, performance, safety and quality are the main criteria for purchase. These recreational boats are based upon an innovative, award-winning design enabling world class performance while using standard reliable power. There are currently 12 buildings located on 65 acres totaling over 238,000 square feet accommodating 40 to 45 boats in various stages of construction at any one time. The present plant site can also accommodate up to 300,000 square feet of additional manufacturing space. The land and buildings are wholly owned by Fountain Powerboat Industries, Inc. and its subsidiary, Fountain Powerboats, Inc. For more information, visit www.fountainpowerboats.com.



SAFE HARBOR FOR FORWARD-LOOKING STATEMENTS:


Except for the historical information contained herein, this press release contains forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates" and similar words. Such forward-looking statements are subject to known and unknown risks, uncertainties or other factors that may cause the company's actual results to be materially different from historical results or any results expressed or implied by such forward-looking statements. We assume no obligation to update any forward-looking statements to reflect events or circumstances arising after the date hereof. The potential risks and uncertainties which could cause actual growth and results to differ materially include, but are not limited to, customer acceptance of the company's services, products and fee structures, the success of the company's brand development efforts, the volatile and competitive nature of the industry, and changes in domestic and international market conditions, and foreign exchange rates. Further information on the factors and risks that could affect Fountain Powerboat Industries, Inc.’s business, financial condition and results of operations are included under the "Risk Factors" or "Factors Affecting our Operating Results" sections of Fountain Powerboat Industries, Inc. public filings with the Securities and Exchange Commission, available at (http://www.sec.gov).
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Company: Fountain Powerboats Industries, Inc.


Contact Name: Marty Tullio or Mark Tullio

Contact Email: marty@mccloudcommunications.com

Contact Phone: 949 553 9748

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