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stevem4u · 04-10-2006, 09:40

[quote=ess105]Exciting stuff eh? Now that I've seen the pics and video I need to go and touch. Can't wait to Friday.

I have spoken to my broker today. Seems there's been a bit of a muddle over what they have said to me in the past. My delivery date has been delayed but they had my hull number and delivery date wrong all along.

Finally, the following is from my broker. Perhaps it will answer some questions for others as well. Steve M

Hi Steve,

Don Margraf and I are leaving our respective cities (Oakland and Seattle) early tomorrow (Wed.) morning, and flying ot the Annapolis Sailboat show.

We're attending the Lagoon Deaers' meeting Wed. night, where I anticipate getting further news about the production of the Lagoon 420. Then, Wednesday morning we'll have a thorough, hands-on inspection of the first L-420 to reach America. (It just arrived a few days ago.)

Meanwhile, you'll be pleased to know that your timely order of your boat is already showing dividends. The current price for a Lagoon 420 is now approx. $419K....substantially more than you ordered one for. Congrats to you!

The latest news -- straight from Dieder Gust, Chairman of the Board of CNB, the overall "umbrella" company for Lagoon, Jeanneau, Beneteau, etc. (please see attached letter) -- who verifies that projected production numbers for the L-420 have been scaled back. That means that everyone's L-420 is going to be completed about 15% to 20% further down the line (calendar-wise) than initially projected.

Don and I will be able to quantify that as it specifically pertains to your purchase (and our other half-dozen L-420 buyers), and let you know upon our return to the west coast.

As it happens, after Annapolis I must stop off in Canada for several days. So, I won't be back at my desk in Seattle until Friday or Saturday, Oct. 20th or 21st. I look forward to speaking to you then or within the following days.

If something urgent comes up, while we're in Annapolis you can reach Don (510-469-3330) or me (206-491-5384) on our respective cell phones.

Kind Regards,

Rod Gibbons

September 29, 2006

Rod Gibbons
Cruising Cats USA
5905 Seaview Avenue, NW
Seattle, WA 98107

Dear Rod,

I am writing to you with regard to the planning of the new Lagoon 420 boats that you have on order for your clients.

Since the start of the development of this project, we have wanted to take a careful approach. Our original plans assumed the construction of approximately 10 to 15 hulls before the annual factory shut-down in August 2006, but as the development of the boat continued we soon realized that it would be safer to concentrate on the successful and thorough completion of the first 3 boats that we needed in order to launch the product to the public during the fall boat shows.

A revised schedule was then set up based on a full production year and we announced ex-factory dates based on this planning.

Following a review of the systems and the development progress of the boat, as Chairman of the Board of the Company I decided to reduce the production capacity for the first year in order to focus on maintaining quality control rather than achieving pure volume production. The impact of this reduction in production was a further delay in the ex-factory dates for the Lagoon 420.

We understand how eager your clients are to receive their boats, so I wanted to contact you directly to apologize for these consecutive delays. Please be assured that the sole reason for these delays is to ensure the quality of our product: the Lagoon 420 is a new and innovative catamaran that requires all our attention to make sure that we deliver the boats in perfect condition to customers who will be fully satisfied with their new boat.

I trust that you will update your clients with this latest information and pass on Lagoon’s apologies to them on our behalf.

Yours faithfully.

DIETER K. GUST
Chairman of the Board
CNB/Lagoon

Steve M.

04-10-2006, 09:40	#10
stevem4u Registered User Join Date: Dec 2005 Location: Hawaii Boat: Still Looking Posts: 61	[quote=ess105]Exciting stuff eh? Now that I've seen the pics and video I need to go and touch. Can't wait to Friday. I have spoken to my broker today. Seems there's been a bit of a muddle over what they have said to me in the past. My delivery date has been delayed but they had my hull number and delivery date wrong all along. Finally, the following is from my broker. Perhaps it will answer some questions for others as well. Steve M Hi Steve, Don Margraf and I are leaving our respective cities (Oakland and Seattle) early tomorrow (Wed.) morning, and flying ot the Annapolis Sailboat show. We're attending the Lagoon Deaers' meeting Wed. night, where I anticipate getting further news about the production of the Lagoon 420. Then, Wednesday morning we'll have a thorough, hands-on inspection of the first L-420 to reach America. (It just arrived a few days ago.) Meanwhile, you'll be pleased to know that your timely order of your boat is already showing dividends. The current price for a Lagoon 420 is now approx. $419K....substantially more than you ordered one for. Congrats to you! The latest news -- straight from Dieder Gust, Chairman of the Board of CNB, the overall "umbrella" company for Lagoon, Jeanneau, Beneteau, etc. (please see attached letter) -- who verifies that projected production numbers for the L-420 have been scaled back. That means that everyone's L-420 is going to be completed about 15% to 20% further down the line (calendar-wise) than initially projected. Don and I will be able to quantify that as it specifically pertains to your purchase (and our other half-dozen L-420 buyers), and let you know upon our return to the west coast. As it happens, after Annapolis I must stop off in Canada for several days. So, I won't be back at my desk in Seattle until Friday or Saturday, Oct. 20th or 21st. I look forward to speaking to you then or within the following days. If something urgent comes up, while we're in Annapolis you can reach Don (510-469-3330) or me (206-491-5384) on our respective cell phones. Kind Regards, Rod Gibbons September 29, 2006 Rod Gibbons Cruising Cats USA 5905 Seaview Avenue, NW Seattle, WA 98107 Dear Rod, I am writing to you with regard to the planning of the new Lagoon 420 boats that you have on order for your clients. Since the start of the development of this project, we have wanted to take a careful approach. Our original plans assumed the construction of approximately 10 to 15 hulls before the annual factory shut-down in August 2006, but as the development of the boat continued we soon realized that it would be safer to concentrate on the successful and thorough completion of the first 3 boats that we needed in order to launch the product to the public during the fall boat shows. A revised schedule was then set up based on a full production year and we announced ex-factory dates based on this planning. Following a review of the systems and the development progress of the boat, as Chairman of the Board of the Company I decided to reduce the production capacity for the first year in order to focus on maintaining quality control rather than achieving pure volume production. The impact of this reduction in production was a further delay in the ex-factory dates for the Lagoon 420. We understand how eager your clients are to receive their boats, so I wanted to contact you directly to apologize for these consecutive delays. Please be assured that the sole reason for these delays is to ensure the quality of our product: the Lagoon 420 is a new and innovative catamaran that requires all our attention to make sure that we deliver the boats in perfect condition to customers who will be fully satisfied with their new boat. I trust that you will update your clients with this latest information and pass on Lagoon’s apologies to them on our behalf. Yours faithfully. DIETER K. GUST Chairman of the Board CNB/Lagoon Steve M.