The land and buildings are wholly owned by Fountain Powerboat Industries,
Inc.
Xtreme Companies, Inc.sec.
Although we believe the expectations reflected in the forward-looking
statements are reasonable, they relate only to events as of the date on which
the statements are made, and our future results, levels of activity ,
performance or achievements may not meet these expectations.

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Fountain Powerboats, Inc.253 .sec.

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M. There are currently 12 buildings located on 65 acres
totaling over 243,000 square feet accommodating 30 to 40 boats in various
stages of construction at any one time.

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Xtreme's public financial information and filings
can be viewed at http://www.

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Aronow has also been credited with creating
companies such as Cigarette, Donzi, Formula, Apache and Magnum.

Forward Looking Statements
This release contains forward-looking statements, including, without
limitation, statements concerning our business and possible or assumed future
results of operations.

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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.gov).
Xtreme CEO Kevin Ryan stated , "Challenger has added two additional weekend
production shifts to support the current demand for the line.S.

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Fountain Powerboats' Chairman and CEO,
Reggie M.

Xtreme Companies Announces Increase in Challenger Production Capacity

xtremecos.challengeroffshore.
ph (845)575-6770
mnovielli@xtremecos.

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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.

(MHI) d/b/a Challenger Offshore, today announced that the production capacity
for the Challenger line has increased by approximately 30%. Internationally known race driver and
designer Don Aronow, credited as being the architect of the performance boat
industry, designed and created some of the hull technologies today used by
Challenger Offshore.com. Our actual results could differ materially from those
anticipated in the forward-looking statements for many reasons including: our
ability to continue as a going concern, adverse economic changes affecting
markets we serve; competition in our markets and industry segments; our timing
and the profitability of entering new markets; greater than expected costs,
customer acceptance of our products or difficulties related to our integration
of the businesses we may acquire; and other risks and uncertainties as may be
detailed from time to time in our public announcements and SEC filings.

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The conference is being held at the Roosevelt Hotel
located on Madison Avenue at 45th Street, on the second floor.asp?ID=92012 ., a subsidiary of Fountain Powerboat Industries,
Inc.

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7596, or visit
www.analyst-conference. The present plant site can also
accommodate up to 300,000 square feet of additional manufacturing space . For more information,
visit www. public filings
with the Securities and Exchange Commission, available at
(http://www.
(OTC Bulletin Board: XTME) the exclusive distributor for Marine Holdings , Inc.

This category is for sites relating to the complete fabrication and manufacture of high performance powerboats.

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, and Chief Financial Officer, Irving Smith, will be
presenting in the leisure and products and services industry group at 11:00
A., Xtreme Companies, Inc.

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"

About Xtreme Companies , Inc. MHI is best known for their products that compete directly with
the industry's largest boat producers. Mr.

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on Wednesday, June 1, 2005., and its subsidiary, Fountain Powerboats, Inc.S. Military and coastal port authorities
throughout the United States.gov.

Contact: Michael Novielli
Chairman, Xtreme Companies, Inc.

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Fountain, Jr., has its executive offices and manufacturing facilities along the
Pamlico River in Beaufort County, North Carolina. We assume no obligation to update any
forward-looking statements to reflect events or circumstances arising after
the date hereof. Further
information on the factors and risks that could affect Fountain Powerboat
Industries , Inc.

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"We are pleased to have been invited to present at The Wall Street Analyst
Forum Conference ," said Fountain Powerboats Chief Financial Officer Irving
Smith.

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"We anticipate this conference to be an outstanding venue for
increasing Fountain Powerboats' exposure among a highly targeted group of
investment professionals.com/CEPage.com.

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We are
anticipating a solid flow of orders as we continue with our aggressive dealer
rollout and with our appearance this weekend at the Tan-Tar-a Resort Easter
Boat Show in the Lake of the Ozarks, which is one of the top inland marine
destinations in the U.com and
http://www.

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About Fountain Powerboats, Inc.

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(AMEX: FPB), a
subsidiary of Fountain Powerboat Industries, Inc.fountainpowerboats.

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. For more
information you may visit please visit http://www.com

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'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. (MHI) d/b/a Challenger Offshore which manufactures semi-custom fiberglass
boats of 19' to 97' in length, which include leisure, performance, fishing and
motor yachts. We do not intend
to update any of the forward-looking statements after the date of this
document to conform these statements to actual results or to changes in our
expectations, except as required by law.

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For
information or to RSVP, please call 802.vcall.
Additionally, Xtreme is the exclusive distributor for Marine Holdings,
Inc.

Sites listed in this category manufacture complete, water ready, boats and not just a part of the boat.

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"

The Wall Street Analyst Forum's annual analyst conference attracts hundreds
of select and invited financial industry professionals from buy-side and
sell-side firms, including brokers, portfolio and fund managers, investment
bankers and analysts . 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.

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Fountain Powerboats, Inc. WASHINGTON, Mo. is engaged in manufacturing and marketing of
mission-specific fire and rescue boats used in emergency, surveillance and
defense deployments.

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PRESS RELEASE Fountain Powerboats to Present at the Wall Street Analyst Forum's 16th Annual Conference in New York

and leading manufacturer
of high performance sport boats, sport fish boats and express cruisers,
announced today that it will be presenting to members of the financial
community at the Wall Street Analyst Forum's 16th Annual Analyst Conference
in New York City on June 1, 2005 . The presentation will be web cast live by Vcall
and can be accessed by visiting: http://www.

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com . The boats have been marketed and sold directly to fire
and police departments, the U.