Twin Vee PowerCats Co

Twin Vee PowerCats Co. designs, manufactures, and sells recreational and commercial power catamaran boats. The firm is focused on designing and developing its products under ELECTRA Power Sports brand. The company was founded by Roger Dunshee in 1996 and is headquartered in Fort Pierce, FL.

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Twin Vee Powercats Co adapts to economic challenges, maintains resilience

Twin Vee Powercats Co navigated economic challenges in Q1 2024 by implementing operational efficiencies, introducing successful new boat models, and maintaining a strong balance sheet. Despite a net loss and decreased cash reserves, the company's strategic focus on cost control and product innovation bodes well for future growth.

Twin Vee Powercats Co tackles challenges, eyes growth opportunities post-merger

Twin Vee Powercats Co faced challenges in Q2 2024 but maintained positive gross margins and implemented cost control measures. The company's focus on innovation, growth initiatives, and the merger with Forza position it for future success amidst market uncertainties.
Strong brand recognition, customer loyalty, and confidence in navigating market conditions are key strengths for Twin Vee Powercats Co. Challenges include economic shifts and the need to maximize shareholder value amidst uncertainties.

Twin Vee PowerCats Co tackles challenges, eyes market rebound

Twin Vee PowerCats Co navigated challenges in Q3 2024 with a focus on cost management and operational optimization
Despite reduced sales and operational losses, the company is strategically positioning for a market rebound
With a cash position of $11.4 million, Twin Vee is proactively addressing challenges and exploring growth opportunities

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Twin Vee PowerCats Co. engages in the design, manufacture, and sale of recreational and commercial power catamaran boats. The firm is focused on designing and developing its products under the ELECTRA Power Sports brand. It operates through the following segments: Gas-Powered Boats, Electric Boat and Development, and Franchise. The Gas-Powered Boats segment manufactures boats that use fuel. The Electric Boat and Development segment designs fully electric boats through Forza X1 Inc. The Franchise segment deals with developing a standard product offering that is sold for franchise. The company was founded by Roger Dunshee in 1996 and is headquartered in Fort Pierce, FL.

FORT PIERCE, FL / ACCESSWIRE / December 10, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, is attending Dealer Week 2024 at the Orlando Convention Center from December 8th to 11th at Booth 325. At this year's Dealer Week, the annual conference of the Marine Retailers Association of the Americas, Twin Vee is focused on growing its dealer network, with expansion plans throughout the United States and abroad.

Twin Vee PowerCats Attends Annual Dealer Week Conference in Orlando to Grow Dealer Network

FORT PIERCE, FL / ACCESSWIRE / December 9, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that Shawn Erb, a seasoned sales and business development professional in the marine and recreational vehicle industries, has joined Twin Vee as its Director of Sales and Dealer Relations. In this role, Mr.

Twin Vee PowerCats Co. Welcomes Shawn Erb as Director of Sales and Dealer Relations

Twin Vee Powercats Co. (NASDAQ:VEEE ) Q3 2024 Earnings Conference Call November 14, 2024 12:00 PM ET Company Participants Joseph Visconti - Chairman and CEO Michael Dickerson - Chief Financial and Administrative Officer Operator Welcome to the Twin Vee PowerCats Company Third Quarter 2024 Investor Call. As a reminder, this call is being recorded and all participants are in a listen only mode.

Twin Vee Powercats Co. (VEEE) Q3 2024 Earnings Call Transcript

Forza X1 Inc

FORT PIERCE, FL / ACCESSWIRE / November 14, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a manufacturer of Twin Vee PowerCats and AquaSport boats known as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida, today reported operational highlights and financial results for the three months ended September 30, 2024. Highlights: (Unless otherwise noted, all comparisons are to the three months ended September 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Q3" refers to the three months ended September 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segment, and "consolidated" refers to the consolidated results of Twin Vee PowerCats Co.) Shareholders of both Twin Vee and Forza X1, Inc. (OTC: FRZA) voted in favor of the merger of these two entities.

Twin Vee PowerCats Co. Reports Third Quarter 2024 Results of Operations

FORT PIERCE, FL / ACCESSWIRE / November 13, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee"), and Forza X1, Inc. (OTC PINK:FRZA), ("Forza"), today announced that their respective shareholders have voted to approve the previously announced merger agreement at their respective annual shareholder meetings held on November 11, 2024. The merger's closing is subject to the satisfaction of the remaining customary closing conditions and both companies expect the merger to close in the near future.

Twin Vee PowerCats Co. and Forza X1, Inc. Shareholders Vote to Approve Merger Between Companies

FORT PIERCE, FL / ACCESSWIRE / November 7, 2024 / Twin Vee PowerCats, Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Thursday, November 14, 2024, at 12:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the third quarter of 2024.

Twin Vee PowerCats Co. Announces Third Quarter 2024 Earnings Call on November 14

FORT PIERCE, FL / ACCESSWIRE / October 30, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, launched its new webcast series, "CEO Hustle," with two videos hosted by CEO Joseph Visconti. CEO Hustle is posted regularly on Joseph's social media accounts and YouTube channel, ensuring convenient access for individuals who prefer to consume content on their platform of choice.

Twin Vee PowerCats Co. Launches "CEO Hustle" Webcast

FORT PIERCE, FL / ACCESSWIRE / October 25, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced its official Twin Vee webcast called "CEO Hustle," hosted by CEO Joseph Visconti. The all-new series offers an unprecedented look at Twin Vee's Fort Pierce, Florida facility.

Twin Vee PowerCats Co. Announces "CEO Hustle" Webcast: A Direct Line to Everything Twin Vee

FORT PIERCE, FL / ACCESSWIRE / October 22, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced its participation and presentation at the ThinkEquity Conference being held at the Mandarin Oriental Hotel in New York on October 30, 2024. Representing Twin Vee at the ThinkEquity Conference will be Joseph Visconti, Twin Vee's Chairman and Chief Executive Officer, along with Michael P.

Twin Vee PowerCats Co. to Present at ThinkEquity Conference in New York City on October 30

FORT PIERCE, FL / ACCESSWIRE / October 16, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, announced that renowned marine publication Power & Motoryacht positively reviewed the newly launched 28AS center console from its wholly-owned subsidiary, Aquasport, last week. Aquasport's 28AS is an entirely new design, the first in three decades.

Twin Vee's 28 Aquasport Reviewed in Latest Power & Motoryacht Article

NEW YORK , Oct. 14, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating: Forza X1, Inc. (Nasdaq: FRZA ), relating to its proposed merger with Twin Vee Powercats Co. Under the terms of the agreement, Forza shareholders are expected to receive 0.611666275 shares of Twin Vee per share of Forza they own.

SHAREHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Mergers and Looming Votes of FRZA and VEEE

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Forza X1, Inc. (NasdaqCM: FRZA) to Twin Vee PowerCats Co. (NasdaqCM: VEEE). Under the terms of the proposed transaction, shareholders of Forza will receive 0.61166627 shares of Twin Vee for each share of Forza that they own. Upon closing of the proposed transaction, Forza shareholders would own approximately 3.

FORZA X1 INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forza X1, Inc. - FRZA

FORT PIERCE, FL / ACCESSWIRE / September 30, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced that plans to launch a redesigned 22-foot BayCat boat, adding it to the Company's expanding product line. Set to debut in early 2025, Twin Vee's best-selling bay boat is back.

Twin Vee PowerCats Launching the Redesign of Its Best Selling Line of Bay Boats

FORT PIERCE, FL / ACCESSWIRE / September 24, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, today announced the appointment of Carol Hindsman as its new Chief Technology Officer (CTO). Hindsman, an accomplished engineer and technology executive, will play a pivotal role in overseeing the development of Twin Vee's Pro-Direct Platform, an automotive-inspired online marketplace being designed to revolutionize the boat-buying process, improve customer satisfaction, and help expand its reach to more markets nationwide.

Twin Vee PowerCats Co. Hires Carol Hindsman as New CTO to Develop Pro-Direct Platform, the All-Digital, Customer-Centric, End-to-End Boat Marketplace

FORT PIERCE, FL / ACCESSWIRE / September 19, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE),("Twin Vee" or the "Company"), a manufacturer of offshore, family-friendly sport boats, today announced the launch of its all-new 280 GFX2. Twin Vee's next-generation 28-foot boat was released in a YouTube video where CEO Joseph Visconti showcased and demonstrated the many new upgrades and additions Twin Vee designed and engineered into this offshore PowerCat fishing machine.

Twin Vee PowerCats CEO Joseph Visconti Showcases New 280 GFX2 in YouTube Video

FORT PIERCE, FL / ACCESSWIRE / September 16, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE),("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, announced today that it has initiated a groundbreaking plan to transform the boat buying experience with the introduction of its automotive industry-inspired "Pro-Direct Platform." The Company anticipates its Pro-Direct Platform will revolutionize how its products are sold, improve customer satisfaction, and help expand its reach to more markets nationwide.

Twin Vee PowerCats Initiates Development on Automotive-Inspired Buy/Sell Marketplace & All Digital, Customer-Centric, End-to-End Boat Buying Platform

Twin Vee Powercats Co. (NASDAQ:VEEE ) Q2 2024 Results Conference Call August 14, 2024 4:00 PM ET Company Participants Joseph Visconti - President and CEO Michael Dickerson - CFO Operator Ladies and gentlemen, welcome to the Twin Vee PowerCats Company Second Quarter 2024 Investor Call. As a reminder, this call is being recorded.

Twin Vee Powercats Co. (VEEE) Q2 2024 Earnings Call Transcript

FORT PIERCE, FL / ACCESSWIRE / August 14, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE) ("Twin Vee" or the "Company"), manufactures Twin Vee PowerCats and AquaSport boats knows as offshore, family-friendly fishing boats from its factory in Fort Pierce, Florida today reported operational highlights and financial results for three months ended June 30, 2024. Highlights for three months ended June 30, 2024: (Unless otherwise noted, all comparisons are to the three months ended June 30, 2023, "Q1" refers to the three months ended March 31, 2024, "Q2" refers to the three months ended June 30, 2024, "Twin Vee" refers to the gas-powered segment, "Forza" refers to the electric boat and development segment, and "consolidated" refers to the consolidated results of Twin Vee PowerCats Co.) Twin Vee experienced a decline in demand for its products due to higher interest rates and slowing economic demand for recreational vehicles Proactive measures were taken to mitigate slowing demand challenges, including lowering production numbers, tightened financial controls, and a reduction in workforce.

Twin Vee PowerCats Co. Reports Second Quarter 2024 Results of Operations

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Twin Vee PowerCats Co. (NASDAQ: VEEE) and Forza X1, Inc. is fair to Twin Vee shareholders. Upon closing of the proposed transaction, Twin Vee shareholders would beneficially own approximately 64% of the combined company. Halper Sadeh encourages Twin Vee shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763.

VEEE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of Twin Vee PowerCats Co. Is Fair to Shareholders

HALIFAX-KJIPUKTUK, Nova Scotia--(BUSINESS WIRE)--Members of the Nova Scotia School Board Council of Unions will present “Safe Staff, Safe Schools: A worker-led review of violence in Nova Scotia's public schools,” a new report on the topic of violence in public schools, at a public press conference this Thursday. Following the launch of a new campaign focused on addressing the safety of staff and students in public schools across Nova Scotia, school support staff will speak to media on this issu.

Safe Staff, Safe Schools: School Support Staff Release Worker-Led Report on Violence in Nova Scotia Public Schools

Investors Encouraged to Attend Twin Vee's Earnings Call on August 14 at 4:00 pm EDT FORT PIERCE, FL / ACCESSWIRE / August 13, 2024 / Forza X1, Inc. (Nasdaq:FRZA) ("Forza", the "Company"), a developer of electric sport boats stated today that, in light of the Merger Agreement between Forza and Twin Vee PowerCats Co. (NASDAQ:VEEE) that was announced yesterday afternoon via 8-K, its conference call and audio webcast originally scheduled for Wednesday, August 14, 2024, at 2:00 p.m. (Eastern Time) will no longer be taking place.

Forza X1, Inc. Suspends Second Quarter 2024 Financial Results Call Due to Announcement of Merger Agreement with Twin Vee PowerCats Co.

FORT PIERCE, FL / ACCESSWIRE / August 12, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE), ("Twin Vee") and Forza X1, Inc. (Nasdaq:FRZA) ("Forza"), today jointly announced that they have entered into a definitive merger agreement for an all-stock transaction pursuant to which Forza will merge with and into a wholly owned subsidiary and survive the merger. Under the terms of the merger agreement, each holder of Forza Common Stock (other than Twin Vee) will receive 0.61166627 shares of Twin Vee Common Stock (the "Exchange Ratio") in exchange for each share of Forza Common Stock that they own on the effective date of the merger for a maximum of 5,355,000 shares of Twin Vee Common Stock (no fractional shares will be issued) and the 7,000,000 shares of Forza Common Stock held by Twin Vee will be canceled.

Twin Vee PowerCats Co. and Forza X1, Inc. Announce Merger Agreement

FORT PIERCE, FL / ACCESSWIRE / August 7, 2024 / Twin Vee PowerCats, Co. (Nasdaq:VEEE), ("Twin Vee" or the "Company"), a manufacturer, distributor, and marketer of power sport boats, will host a conference call and audio webcast on Wednesday, August 14, 2024, at 4:00 p.m. (Eastern Time) to discuss and answer questions about the Company's operational and financial highlights for the second quarter of 2024.

Twin Vee PowerCats Co. Announces Second Quarter 2024 Earnings Call on August 14

FORT PIERCE, FL / ACCESSWIRE / July 15, 2024 / Twin Vee PowerCats Co. (NASDAQ:VEEE), ("Twin Vee" or the "Company"), a designer, manufacturer, and distributor of recreational and commercial power boats, is pleased to announce the appointment of Karl Zimmer as President of the Company effective July 12, 2024. This strategic leadership change will enable Joseph Visconti, the current CEO who until the appointment also served as President, to dedicate his efforts towards expanding the Company's business, developing potential mergers and acquisitions, enhancing sales and marketing strategies, expanding investor relations, and steering the long-term vision of Twin Vee.

Twin Vee PowerCats Co. Appoints Karl Zimmer as President to Drive Strategic Growth Initiatives

FORT PIERCE, FL / ACCESSWIRE / May 15, 2024 / Twin Vee PowerCats Co. (Nasdaq:VEEE) ("Twin Vee" or the "Company"), a designer, manufacturer and distributor of recreational and commercial power boats, today reported operational highlights and financial results for three months ended March 31, 2024. Highlights for three months ended March 31, 2024: (All comparisons are to the three months ended March 31, 2023 unless otherwise noted) Revenue for the three months ending March 31, 2024, decreased by 41% to $5,276,000 from $8,877,000 in the corresponding period of the previous year.

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