On March 22, 2002 Genmar acquired the operating assets of Champion^® boats as the successful bidder in a process approved by the Bankruptcy Court for the Eastern District of Missouri. The assets, which were acquired to manufacture and sell bass boats and bay boats from 18 to 24 feet, will be moved from Mountain Home, Ark. to become part of the Genmar bass boat group in Murfreesboro, Tenn. Genmar noted the relocation process would begin immediately and intends to begin production within the next 30 days to fill open orders for the 2002 model year. Production for the 2003 model year will begin in June.

For more than 27 years, Champion^® has been a recognized leader in building technologically advanced fishing boats. Famous for their smooth, solid ride, Champion boats are handcrafted for superior performance. The current product line includes more than a dozen fishing and recreational models ranging from 18 to 24 feet in length. From saltwater bay and walleye rigs to bass boat and fish 'n ski models, Champion’s craftsmanship is unsurpassed.

Warranty
Although it is unusual for a purchasing company to honor the warranty claims of a bankrupt company Genmar plans to reimburse certain warranty expenses to Champion dealers and customers for boats built in the 2000, 2001 or 2002 model year. This limited warranty coverage is valid for three years from the original date of purchase, for the first retail purchaser of the boat. Year 2000 Champion and Back Country boats will be covered for structural repairs while 2001 and 2002 boats will be covered for structural and selected component repairs. The limited warranty details will be available through authorized Champion dealers.