Company Offering Announcement!!!

“RAR” has developed a new design for cost effective manufacture of luxury catamaran cruisers in the 11 and 14 metre category.

Overview

This is an under supplied high demand market with unit sales between A$250,000 to $500,000 on a raw material cost of $80,000 per unit. Design is high free board deep-V hi-powered, twin/triple states room, boardroom, galley, ful communications for radio, TV, internet, navigation aids for coastal resort hopping or river passage by retirees, corporate, business, commercial users.

The company is at pre-start up with capital required for infrastructure set up, namely factory fit out, equipment, initial raw material, and pre marketing being $1,339,000.

The company expects annual sales to be $3.6mil to $4.8mil to break even in year four at a profit of $876,434. Ultimately financial projections indicate Australian unit sales of 20 to 24 vessels will generate $10 million per annum. Distribution network is via an industry partner. RAR competitive cost advantage, combining the spacious and stable catamaran flexible
open multi level plan which Owners of prestige vessels require, has a five star fit out for business and recreational uses, thus RAR unit price brings each model into a broader market of potential individual and corporate, tourist, fleet buyers.

Construction has been computerised for custom production on established marine structures and standard models for export sales into the USA market.

Standard features will include

Dingy or jet ski cavity within the vessel, large sun/BBQ type decks, aviation style forward cockpit with full host of GPS, auto pilot, depth sounder, fish finder, intercom, dual stations to fly bridge, video, 360 deg. helm, safety systems to name a few.

Accommodation planned includes spa baths, solar electrics, full ensuite, normal household type and marine appliances, lounge and dining suites, sofas, additional water and services capacity, auxiliary watercraft storage, in fact everything that a modern luxury houseboat would provide, except in the style of a true 50 foot motor yacht.

Another operational advantage of deep-V catamarans is lower power requirements, less fuel, more stable, better comfort in choppy seas, safety from internal rigidity, better buoyancy due to twin hulls, potential life saving rescue with a floating platform if capsized.

Offering & Opportunity

Official Offer to exempt corporate investment Buyers to contribute $2,000,000 [divided into Round 1 of $300,000, Round 2 of $1,000,000 and Round 3 of $700,000] in this Stage 1 equity of a negotiable parcel of 7,500,000 shares either in Ordinary or Repository Note representing Redeemable shares out of profits or fully convertible into Ordinary at the option of the
holder within 2 years.

Stage 2 will raise additional capital for growth by the release of 17,500,000 shares from a Custodian. Ultimately 50% of the company will be diluted with the company active

Founders and management retaining approximately 50% between 3-4 principle entities holding 25,000,000 ordinary shares. Return on investment is proposed by dividends and exit of the investment may be conducted on a share buy-back program or by the shareholder conducting

Re- Sales of securities back onto the Australian OTC Bulletin Board, an alternative is trade sale to a major competitor is highly probable and envisaged.

Total issue proposed is 50,000,000 shares.

Management Expertise

The business directors collectively have qualifications of:
1st Director: (age 48 female), has a BA. Dip. Ed, executive in Optus, Colonial First State, Pursuit.
2nd Director: (age 58 male), semi retired from IBM, Control Data Corp., Total Access.
3rd Director: (age 50 male), marketing:
4th Executive: (age 46 male)is Master Mariner, Miner, Engineer.

Core Business Strategy

The creep bracket for luxury craft according to ABS statistics is in the 50-year-old aging baby boomers and the techno generation seeking alternative lifestyles. Australia’s large coastline and islands have seen growth in all forms of marine activity, this trend is expected to continue unabated.
The company sees export as the real target over the next three years into the Mediterranean, North America, New Zealand, and South East Asia. Recent investigative sales assessment indicates an initial pre-order of 10 vessels at some $300,000 each, which would be commissioned over a 12 to 18 month period. The factory probably has a peak of 40 vessels
per year with 2 shift crew of 10 plus a admin staff of 4 being the CEO, finance Director, Technician and Accounts clerk.

Company Offering Announcement

This Announcement for Australia and its Territories release only (other Country Laws may apply)
www.OTCBB.com.au for Equities, Commodities, ReSales, Buybacks, Debts, Receivable.

Corporate Data (A$) proposed after structuring.
Gross Revenue 2002 $0.00
Gross Margin (EBIT) n/a
Issued Capital (shares) 7,500,000
Founders Issue to Date 25,000,000
Current Shareholders 5
Negotiable Investors Offering AUD$2,000,000
Negotiable Securities (Total) 25,000,000 ordinary shares held by Custodian
Founder/Management percentage 50 to 55%
Directors Asset Valuation AUD$10,000,000 (EBIT x 10 basis in year 5)


Fiscal History/Projections

Assets & Liabilities Statement (as of 14/08/2002)]
AUD Assets Liabilities
Factory set up 0 0
Designs & IP 500,000 0
Executive & Labour 100,000 0
Raw Material 0 0
Licences 0 0
Marketing 0 0
Other 250,000 0
Total 850,000 0

Capital Inflow

Previous History

The Executive Group has a broad range of experience and achievement in many roles in both medium and large companies,
including executive positions and across a number of industries.

Design tasks are being completed by International Catamarans, the world’s leading design and builders of seagoing navel
catamarans. Designs will be available for survey status guaranteeing the cruisers adaptability to commercial marine and tourism operations in both inland waterways and open sea environments.

Market Demographics

Data from NSW Waterways, Victorian Ports Authority and Queensland and Tasmanian Agencies indicates the number of
newly registered recreational and commercial boats under $1,000,000 has steadily accelerated through the 1990’s until the present, and is projected that this trend will continue and expand with the imminent growth of the retirement population

Documentation and Third Party Disclosures.

• Documents available for review are:
• SME Offer & Disclosure Document, Dunn and Bradstreet Report
• Directors Asset Valuation
• Business Report
• Directors CV
• market demographics and definitions
• Core Business Analysis
  
  

a restricted Offer Document for Private Placements is proposed to be available on request from Authorised Investors.

Conditions apply to restricted securities Re–Offer, Re–Sales, Offer quotes, OTC negotiations, SME/Investor Meetings,
Settlement and Clearance of Capitalisation funds and Securities Issuance under the Corporate Law of Australia.

BUY-SELL Reservation Form
Corporate Investor Relations
Pty Limited
ACN 078 250 969
Level 2, 282 Collins St,
Melbourne, 3000, Australia.
Tel: +(613) 9654 7460
Fax: +(613) 9654 7462

support@otcbb.com.au

www.cirbb.com.au