NauticStar, LLC Expanding Operations in Amory, Miss.

AMORY, Miss.—Governor Phil Bryant and officials from recreational boat
manufacturer NauticStar, LLC announce the company is expanding its facility
in Amory, Miss., to accommodate the production of boats larger than 28
feet. The project represents a company investment of $460,259 and will
create 30 new jobs.

The expansion will involve the addition of 20,000 square feet to
NauticStar’s existing 160,000 square feet of manufacturing space, and it
will connect the company’s two existing facilities.

“I appreciate the team at NauticStar for further investing in its Amory
operations and for creating these new job opportunities for the residents
of Monroe County. In Mississippi, our economic development professionals
strive to maintain a strong, supportive business climate and well-trained
workforce so companies can achieve and maintain success,” Gov. Phil Bryant
said. “This expansion by NauticStar serves as a testament to the fact that
Mississippi is a great place for business, and I wish the company many more
years of success in Amory.”

“We have worked very hard since the downturn of 2009 to gain our business
back. The boat market has been improving since 2010. In 2012, we surpassed
our peak volume of 2007, and we have had steady growth since that time,”
said NauticStar President Phil Faulkner. “We are very excited to have made
the commitment to continue to expand our facility and workforce and to grow
our business. This expansion is driven by the market demand from the
saltwater offshore fishing boat sector.”

The Mississippi Development Authority provided assistance in support of the
project for building modifications. The City of Amory and Monroe County are
also providing assistance for the project in the form of ad valorem tax
exemptions.

“Mississippi’s existing businesses are at the core of the state’s economy,
and NauticStar’s expansion serves as a testament to the fact that
Mississippi offers a supportive business climate that fosters growth and
helps companies remain competitive in today’s marketplace,” said MDA
Executive Director Brent Christensen. “We thank our partners in Monroe
County, the city of Amory, the Monroe County Board of Supervisors and the
Monroe County Chamber of Commerce for working together to foster a
pro-business environment and for helping this great company expand in
Amory.”

Founded in 2002, NauticStar is a privately owned LLC. Located on an 18-acre
campus, NauticStar currently has two plants totaling 160,000 square feet.
The company manufactures high-quality bay boats, deck boats and offshore
boats, ranging from 18 to 25 feet. For more information, visit
www.nauticstarboats.com.