Fractional Yacht Ownership Is Moving Into the Corporate Market Thanks to Monocle Management

Market Wire, December, 2003

Yachting should be a joy, but yacht management usually gets in the way. Problems with crews, getting a berth, or just making sure the right provisions and the right fuel are aboard can become a major hassle. Monocle Management has taken the headaches out of yachting for individuals and companies and perfected the yacht management process.

The Monocle Management Program brings together individuals and/or corporations that want to own hassle free shares in a luxury motor yacht. Each 1/10th share entitles the owner to four weeks a year of hassle free yachting on their vessel. The owners four weeks are split into two flexible segments, which are six months apart and these rotate year over year, so all of the owners experience different seasons. Decisions about repositioning a yacht, upgrades, and other major issues are made by the owners of each yacht based on at least 70% of the ownership, so democracy rules. Each share can be treated like a business asset and can be borrowed against, depreciated, or gifted like other properties.

The Monocle Management Program works with the leading luxury yacht manufacturers, yacht brokers and current owners to bring you the best selection of luxury yachts. The program can also be applied to any yacht under construction or in the water today. Monocle is not tied to any specific manufacturer or lender and will work with prospective clients to acquire a high-end sport fishing yacht, a luxury motor yacht or an elegant sailing yacht.

After purchase, owners continue to reduce expenses by allowing Monocle Management to handle the maintenance costs, human resources management, and provisioning of each yacht. There are no mark ups and owners receive audited financial statements reflecting any charges for their vessel.

The Monocle Management team brings 75 years of asset management experience, yacht design awards, and decades of luxury yachting to bear on the problems of yacht management. The founder, Dr. Loren Simkowitz, a Ph.D. management expert spent 35 years managing millions of square feet of commercial and residential real estate.

Lately, Monocle Management has discovered a new niche in the yachting community. More and more individuals are wanting information about how they can use the fractional shares for their existing company. Presidents and CEO's want to entertain clients, reward top sales reps, hold corporate meetings, etc. on the yachts and look to Monocle to manage this asset.

Contact: Loren Simkowitz 1040 Bayview Dr. Suite 528 Ft. Lauderdale, FL 33304 Phone: (954) 563-5808 www.monoclemanagement.com MonocleUSA@aol.com