2nd Kuwait Boat Show International features new boat storage solution developed by US company - Vertical Yachts

Kuwait - 4 May 2008 - The 2nd Kuwait Boat Show International, which took place at the Fahaheel Waterfront - Al Kout, provided the ideal platform for Vertical Yachts to debut their revolutionary concept of dry storage facilities for boats up to 90 foot long.

The US based company has been marketing their state-of-the-art vertical boat storage solutions for over two years and have already gained serious interest from developers in the Gulf. Limited existing marina facilities and a shortage of available land for the development of new marinas make this a highly innovative and efficient solution for many of the smaller Gulf States.

"Kuwait is a prime market for such a solution as it affords the efficient use of available land with a superb investment opportunity for local entrepreneurial developers," said Larry Halgren, Vice President of Vertical Yachts. "The Kuwaiti marine industry is one of the most buoyant in the region and is flourishing due to the high disposable income of many residents. We were delighted to showcase our leading-edge dry storage technology at this boat show in Kuwait and were impressed with the calibre of visitors. We strongly believe this represents a superb investment opportunity for the right developer looking to maximise their returns."

Vertical Yacht Storage System is based on the patented technology that allows Marina owners to store a large range of boats, from an 18' open fisherman to a 90' express cruiser. The highly engineered system offers convenient haul and launch times ranging from as little as 3 to 12 minutes depending on the design of the facility and specified equipment used. Improved maneuvering capabilities have enabled the reduction of aisle space by up to 50 feet, further improving the cost efficient use of storage space.

"We are proud to be able to showcase established brands at our boat shows as well as such leading-edge technology that will help revolutionise the marine industry in the Gulf," said Wael Juju, CEO of Knotika Holding. "The Kuwait Boat Show this year has surpassed our expectations and we are looking forward to a long and fruitful relationship with Kuwait and our venue partners here, Tamdeen Group."

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About Vertical Yachts
Vertical Yachts Storage Systems' innovative, breakthrough technology has been developed to address major paradigm shifts in both the yachting and waterfront real estate marketplaces. Our patented technology and facilities are at the forefront of marina development, marina renovation and high-end mixed-use residential/marina developments worldwide.

The Vertical Yachts team has already completed The Port Marina and Condominiums, the world's first Bridge Crane Large Boat Storage Rack-o-minium. This facility uses our patented technology and has a capacity for 125 boats up to 52 feet in length and 35,000 pounds in weight.

For more information about Vertical Yacht, please visit: http://verticalyachts.com/

About Kuwait Boat Show International 2008:
2nd Annual KBSI; Entrance is open to Trade & General Public; Admission Fee 3KD (US$11); Open Daily from 4pm-10pm; Official Opening 4pm Tuesday 29th April 2008. www.boatshowkuwait.com

About Tamdeen Shopping Centre Development:
A subsidiary of Tamdeen Real Estate Company (KSE: TAM), Tamdeen Shopping Centre Development is a closed shareholding company established in March 2005 with a capital of KD100 million (USD 300 million), as a company specialized in the development, leasing and management of shopping centres. 

Current operations include the management of the Fahaheel Waterfront Project - Al Kout and the neighboring Al Manshar Complex. Together both developments will help the company to develop the town centre of Fahaheel in a multi phased project called 'Madinat Al Fahaheel'.

This town centre would become one of the largest mixed use developments in Kuwait with a footprint of over 300.000 square meters. In addition, the company is actively pursuing new locations to create different types of mall formats across Kuwait. The cornerstone for each project will be to create shopping centres that become a meeting point for the community and surpass every consumer expectation.

 '360° Kuwait', the company's latest development, is now in the construction phase. It is strategically located at the intersection of the airport highway and the sixth ring road. 360° Kuwait is expected to open by first quarter 2009.

For more information please visit: www.Tamdeenscd.com

About Knotika:
Kuwait boat Show International is a product of Knotika Holding, the Dubai-based media and marine management company. Established in 2004 by CEO Wael Juju and Chairman, Saeed Hareb, Knotika has become an integral part of the GCC leisure marine market with its diverse range of individual business units, run from the world-leading Knotika Marine Mall on Sheikh Zayed Road, Interchange 3. Knotika Holding consists of: Knotika Publishing supporting ProperT.ae, Knotika Magazine and Knotika Tabloid; Knotika TV broadcasts on Nilesat; Knotika SeaSchool and Knotika Marine Store are both based in the Marine Mall; Knotika Island and Knotika Marinas are management projects in the UAE; Vertical Yachts is a US yacht storage product exclusively offered by Knotika; Knotika Events owns and manages boat shows in Kuwait, Abu Dhabi, Bahrain and Jeddah.

For more information about the company please visit: www.knotika.com

For KBSI related inquiries:
Farrokh Golchin
Knotika Holding
General Manager
Dubai - United Arab Emirates
Mobile: +971 50 459 7939
Email: farrokh@knotika.com

For Tamdeen related inquiries:
Kindah Yacob Agha
Tamdeen Shopping Center Development Co.
Marketing Manager-Madinat Al Fahaheel
Tel: 3930100 ext. 1273      
Email: Kindah@tamdeenscd.com

For Media Inquires:
Dina Sabry
Media Relations Manager
Hill & Knowlton
Mobile: (+965) 944 5975
Tel: (+965) 2331770
Email: dsabry@hillandknowlton.com.bh

© Press Release 2008