Wooley Promoted To President at Renaissance

(RENAISSANCE MARINE GROUP, INC., PRESS RELEASE)

The Board of Directors of Renaissance Marine Group, Inc. is pleased to announce the promotion of Jerry Wooley to the position of President and Chief Operating Officer of Renaissance Marine Group, Inc. (“RMG”) and its subsidiaries, Duckworth Boat Works, Inc. and Weldcraft Marine Industries, Inc.

As President, Mr. Wooley is responsible for all the day-to-day operations of RMG, including product development for the Company’s three brands of welded aluminum sport and fishing boats marketed as Duckworth, Weldcraft and Northwest Jet boats.

Mr. Wooley has served as RMG’s Executive Vice President and COO since September, 2007. Prior to that he served as RMG’s Vice President – Production and Director of Engineering and Production.

Before joining Duckworth in 1997, Mr. Wooley spent twelve years with The Boeing Company in a variety of roles including Quality Engineering, Manufacturing, Process Engineering and Manufacturing Management. He previously worked for the U.S. Navy as a civilian engineer on torpedo and target programs.

A native of Coeur d’Alene, Idaho, Mr. Wooley holds a Bachelor of Science degree in Mechanical Engineering from the University of Idaho and a Master of Engineering Management degree from Washington State University. He also is well trained in a variety of LEAN Manufacturing processes.

Daniel N. Larson, Chief Executive Officer of RMG, stated: “We are very pleased to promote Jerry Wooley into this expanded role as President of Renaissance Marine Group, Inc. He has demonstrated tremendous industry leadership during the challenging downturn since 2007. He led our product development team that introduced our highly successful Weldcraft Cuddy King series and the new Duckworth Offshore series, and he oversaw the integration of the Northwest Jet boats line into our production and sales team. He also managed our dealer development into Canada and Russia, both of which are continuing to grow. Our sales for 2010 will be up more than 40%, and we enter 2011 with our greatest backlog of orders ever!”

Renaissance Marine Group, Inc. is the holding company for Duckworth Boat Works, Inc. and Weldcraft Marine Industries, Inc. RMG manufactures and sells Duckworth, Weldcraft and Northwest Jet brand welded aluminum sport and fishing boats solely through independent marine dealers. Dealers currently are located in Washington, Oregon, Idaho, Montana, California, Alaska, western Canada, and St. Petersburg, Russia. Standard models are offered from 17’ to 30’ powered by outboards, inboard jet pumps and sterndrives.

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