The boat companies, all part of Minneapolis-based Genmar Holdings, Inc., will offer extra "closeout" cash discounts on more than 250 different aluminum and fiberglass models through almost 1,000 participating dealers. Virtually all types of craft, from fishing boats, ski boats and runabouts to pontoons, cuddies and luxury cruisers, are included in this cyber-sales event, the first of its kind in the marine industry.

Boating and fishing enthusiasts who access the boatcash.com site during the Worldwide Internet Boat Clearance will find information on all boats available. A click on a specific model will result in a cash voucher for that model being e-mailed immediately to the Internet site visitor. The voucher will indicate the discount amount for that model in U.S. dollars and carry the name and location of the nearest participating purchase/delivery dealership for that brand.

"Genmar is providing this unique program to give boaters an unusual buying opportunity, and to help our retail dealers clear out remaining pre-2002 inventories to make room for the 2002 models which are now in production," said Irwin L. Jacobs, Genmar Chairman.

Genmar, with 17 brands, 14 manufacturing centers and 7,000 employees in the U.S. and Canada, is the world's largest builder of recreational boats and the industry's technological leader.