Hinkley Yachts to Open Palm Beach Sales Office; Michael Silverman to
Direct Sales in Southeast

Southwest Harbor, Maine, September 13, 2001. The Hinckley Company is opening a new sales office in Palm Beach, Florida, announced Ralph Willard, President and CEO of The Hinckley Company.

Michael Silverman, who has served as Director of Sales for Little Harbor Yachts in Portsmouth, Rhode Island, for the past twelve years, will move to Florida to lead Hinckley's sales efforts in the Southeastern United States. Silverman will work with Eric Champlin, Hinckley's Southeast Sales Director, who transferred to Florida last year from Hinckley's main office in Southwest Harbor, Maine. Leigh-Anne Larson completes the Florida-based sales team.

Hinckley acquired The Ted Hood Companies, better known as Little Harbor, in March 1999 and is now integrating the sales and marketing efforts of the two companies.

Both Hinckley and Little Harbor have a very strong presence in the Southeast," Mr. Willard said. "For boats like ours, Florida and the other Southeastern states are our largest market by a wide margin. With both Mike and Eric in place, we will have two experienced sales executives, one from Hinckley and one from Little Harbor. Their combined talent and depth will help insure that we can meet all the needs of our customers."

The new office will be located at One Clematis STreet in West Palm Beach. Both Hinckley and Little Harbor yachts will be available at the nearby Palm Harbor Marina for demonstration and sea trials.

In July, The Hinckley Company announced that it had acquired a full service boat yard in Stuart, Florida. This yard, formerly known as David Lowe's Boat Yard, is now a part of the Hinckley Yacht Services division. It will launch and commission new Hinckley and Little Harbor yachts detined for Florida customers. It will also provide refit and repair services for its local market.

The Hinckley Company of Southwest Harbor, Maine was founded in 1928 and is one of the world's premier builders of semi-custom sailboats and jet boats. In addition to its boat-building operations, the company provides maintenance, repair and storage services, as well as operating yacht brokerage and charter services in Maine, Rhode Island and Florida.

For more information please call The Hinckley Company at 866-446-2553, or visit hinckleyyachts.com.