– Traditional Luxury Yacht now available through fractional ownership model –

Vancouver, BC, July 8, 2006 — For 50 years Grand Banks has set the standard for grace and luxury in yachting. The company has maintained an unwavering commitment to ideals such as quality, craftsmanship, and reliability. This commitment has seen the company grow over the past half-century to become one of the world’s most successful lines of pleasure boats.

From the original ‘Spray’ – forerunner to the GB36, the company has launched many popular models, classified according to their ‘series’ – Heritage, Eastbay, and Aleutian. Though each yacht is built in Asia, its owners – thousands of the most loyal boat owners in the world – are found in all corners of the globe.

To help celebrate 50 years of success, sixteen Grand Banks yachts, and their proud owners, recently completed a three-week journey together from BC’s Gulf Islands to Wrangell, Alaska. The journey, know as the ‘Grand Tour’ is just one of many events scheduled to commemorate the company’s milestone achievement. For additional info on the tour, visit http://www.grandbanks.com/newsEvents/grandtour/index.cfm.

One 4 Yacht Fractions is proud to help celebrate Grand Bank’s 50 years of tradition by introducing this extremely well-regarded line through its managed fractional ownership program. Through this partnership, One 4 Yacht Fractions’ owners can live 100% of the Grand Banks experience for as little as 25% of the cost.

Jim Connolly of Grand Yachts, Vancouver-based dealer for the Grand Banks line, explains: “the valuable yacht management services, as well as the ability to provide a legal structure for multiple owners, were a key part of our decision to work with One 4 Yacht Fractions. We are excited to take part in blending the tradition of Grand Banks with this innovative fractional ownership concept.

Granville Island – based One 4 Yacht Fractions offers premium power and sailing yachts at a fraction of the cost for consumers. This is integrated with a “hands on” management program that provides owners with a high level of customer service and expertise in maintaining the vessel to exceptional standards. Such a program fills a key need in recreational boat ownership today considering that many people would like to enjoy the privileges of boat ownership without the burden of carrying the total cost.

50 Years of Tradition:

1956: Company founded as American Marine Ltd. in Hong Kong.
1962: Kenneth Smith commissioned to design Spray, forerunner to the GB36.
1964: Launch of GB36-001 (June). Company would eventually build 1,141 GB36s before retiring the model in 2003.
1965: Launch of GB42-001 (August). More than 1,550 GB42s have been built to this day.
1969: GB32-138 is first Grand Banks built new factory in Jurong, Singapore.
1973: GB36-366 marks the first time a Grand Banks yacht is built using fiberglass construction.

1974: Hong Kong yard closed as Grand Banks ends production of wood-hull yachts.
1975: Company acquired by new management team, headed by Chairman and CEO Robert W. Livingston.
1984: Launch of GB 46-001, which remains in production today with over 280 boats sold.
1987: GB42-1000 launched on April 27. Today the GB42 remains one of the most successful production cruising yachts ever built.
1993: Grand Banks launches the 38 Eastbay EX, first of the C.R. Hunt-designed Eastbay Series. Since that time Grand Banks has added new Eastbay models in 40, 43, 47, 49, 54, and 58-foot lengths.
1995: Grand Banks opens new boatyard in Pasir Gudang, Malaysia, with over 100,000 square feet of space on the factory floor.
1999: Grand Banks moves Singapore plant from Jurong to Loyang Crescent.
2001: The raised-pilothouse Aleutian Series makes its debut with the 64RP. Over the next four years the Series is expanded to include the 70CP and 59RP models.

For more information, please contact:

Jim Connolly
Grand Yachts
Fractions
604-687-8943

Nuno Miguel Alves
One 4 Yacht
604-669-2248