SAILTIMEFRACTIONAL SAILING

What is SailTime?

“SailTime is a global network of fractional sailing bases providing intelligent, no commitment, low cost sailing and smart ownership programs to new and seasoned sailors.

Through the use of real-time on-line scheduling and management tools, we make sailing new sailboats practical, cost-effective and easy.”

What is SailTime and how does it work?• SailTime is a way to get on the water at an

affordable and accessible price• Each of our customers – or SailTime members

joins a boat in a location in their local waterway• They can sail a minimum of seven times a month

guaranteed and unlimited as available• We have two Sail times each day – from 10.30-

6.00pm and 6.00pm-10.30am

What is SailTime and how does it work?• Members can design their own calendar and book

the boat whenever they like either from a day’s notice or up to 12 months in advance

• We offer weekend, weekday, day and evening sailing with possible reservations up to a week long

• Each boat has a maximum of eight membersand they treat the boat as though it was their own

What is SailTime and how does it work?• They make a reservation – turn up

and use the boat – clean it down and leave• It’s just like a gym or golf club membership• Members pay a one time joining fee, a refundable

security deposit and a monthly membership fee starting from $395 per month and increasing dependent upon size of the boat

• SailTime takes care of all the running fees including insurance, marina fees and maintenance

What is SailTime and how does it work?• Reservations are managed on-line through the

SailTime Scheduler – an interactive internet based booking system

Technology on board• On board each boat we also have a wireless hand-held PDA – our E-

ttendant – which we use to manage and maintain the boats• Members check on upon arrival

– Safety checks and equipment checks• Examples – is there water coming out of the engine?• Have you briefed your guests on how to use a lifejacket?• Is there any noticable damage to the boat

– Members check off upon departure• Is there more than 1/4 tank of fuel?• Have you cleaned the boat?

• This unique interactive system provides real time information to help the base effectivelymanage the fleet

Owner Member program

• In addition to our Member program we also have an ownership or Owner Member program

• An Owner member buys a boat and leases it to SailTime for 5 years

• SailTime takes care of all the operational costs including slip fees, maintenance and insurance

• The Owner Member sails the boat as a Member a minimum of seven times a month but has no fees

• After the lease term, the boat is returned to the Owner at which point he can tradeit in against a new boat and startagain, or keep the boat him/herself

Knowledge• All SailTime bases are ASA or US sailing affiliated or have a relationship

with a local sailing school• We also have two significant programs to help develop our members

skills• SailTime University

– An online interactive sail theory training program• Novice to Captain

– Allied to SailTime University we provide practical training covering ASA 101 to 106 enabling our customers to become SailTime Skippers to SailTime Commanders

– Upon Graduating as a SailTime Commander, Members are invited to join SailTime on a graduation flotilla in the BVI’s – giving them a taste and experience of sailingin a totally new and controlled environment

What makes SailTime different from Charter operations?• Technology

• Web-based scheduler

• E-ttendant wireless management system

• Minimal staffing costs

• Guaranteed minimum access

• Unlimited use when available

• Low fixed monthly cost

• No hidden costs for the Owner/Member

• The same people stay on the same boat

• Pride of Ownership

• New boats

• Recurring Income Stream

Current Status

• SailTime currently has approaching 60 yachts in our fleet• We have over 30 locations world-wide• 29 locations here in North America• 4 locations in Europe – including 3 in the UK and 1 in The

Netherlands• Our business model operates on a licensee basis whereby an

entrepreneur starts a base in a local waterway• SailTime provide Branding, Marketing support, Sales support,

Operations support and Technology – including acomprehensive web presence and business tools includingthe Scheduler, E-ttendant and CRM systems

SailTime’s Vision and Mission VisionVision – To have a successful SailTime base in

every sailing location throughout the world!

MissionMission – Increase the number of people actively

involved in the sport of sailing by making

fractional sailing of new sailboats practical, cost-

effective and easy.