Transformational Refitting A New Way to Look at Yacht Purchase

January 25, 2013 (Vancouver, BC Canada) - Platinum Marine announces the unveiling of their new refit

project, “encore”, 120’ Crescent, at the 2013 Seattle Boat Show. The luxury yacht was refurbished to new

construction levels through Platinum’s Transformational Refit program.

The transformation included the addition of an upper level, modernized exterior styling, hull lengthening,

and the addition of a bulbous bow. The interior of the new tri-level vessel was removed and replaced with a

professionally designed interior with up-to-date amenities such as a state-of-the-art entertainment system,

technically advanced lighting systems, and chef’s galley. Mechanical, electronic, and yacht management

systems have been either significantly upgraded or replaced throughout the vessel. Essentially the encore

is a new yacht in appearance and operation, without the cost of a newly constructed vessel. The encore is

listed for sale by Platinum Marine for $6,995,000.

Platinum Marine, with years of megayacht construction experience, created the Transformational Refit

program to change timeworn vessels into yachts that look and operate like new builds. Through their global

connections, Platinum buys tired or neglected pedigree yachts that are in distressed situations at fractions

of their new build costs. Working with quality design offices such as Ron Holland Design, Paul Fredrickson

Design, and its own in-house design team - Platinum carefully plans a Transformational Refit that adds new

exterior modifications or styling, new interiors or layouts, and new system and mechanical updating as

required. The end result is a stunning, fully functional, updated yacht with greater potential for serious

return on investment.

“Our Transformational Refits offer a new opportunity to purchase a highly desirable yacht at a substantial

saving,” says Tim Charles, Platinum Marine’s General Manager, “transformed yachts are designed for

buyers who want a new, bigger boat but are not prepared to pay new build prices in this economy. They

understand true value and are willing to make small concessions to save millions of dollars. Everything

about this yacht feels new”.

Platinum Marine (2010) Ltd. is a privately owned company located in Richmond, BC, a suburb of Vancouver.

With over 80 employees, Platinum is a full service shipyard serving the yacht industry. For more

information please visit www.PlatinumMarine.ca .

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Contact: Tim Charles, General Manager, Platinum Marine (2010) Ltd. Direct: 604-309-8104 Office: 604-325-6920 ext. 1111 Email: tcharles@PlatinumMarine.ca

Photos: Professional high resolution photos upon request

Tours by appointment: Seattle Boat Show- South Lake Union Dockside from January 25 to February 3, 2013

ENCORE—120‘ Crescent www.PlatinumMarine.ca All images available in high resolution

Before

After

ENCORE SPECIFICATIONS:

Yacht Type: Semi Displacement

Construction: Fiberglass Composite Construction

Builder: Crescent Custom Yachts

Designer: Jack Sarin / Paul Fredrickson

Year: 1992

Length: 121’ (36.4 m)

Beam: 23’ (6.7 m)

Draft: 5’ 7” (1.7 m)

Displacement: 140 Ton (full load)

Refit: Platinum Marine (2010) Ltd. – Transformational Refit Program

Year: 2013

Flag: Canada

Port of Registry: Vancouver, BC Canada

Class: Private Yacht Hull with numerous systems built to B.V.

Cruising Speed: 15 knots @ 1800 RPM

Max Speed: 21 knots @ 2350 RPM

Main Engines: 2 x 1,1450hp Detroit 16V92TI

Reduction Gears: 2 x Twin Disc M-DD273EV 2.556:1

Propulsion: Propellers are four bladed / 42” diameter with 38” pitch

Fuel Capacity: 4,335 Gallons (16,409 L)

Fresh Water Capacity: 1,360 Gallons (5,148 L)

Accommodations: 8 guests in four staterooms

Crew: 3