Press Release

PRESS RELEASE

FOR IMMEDIATE RELEASE

Platinum SuperYachts Forms Strategic Alliance with Arrow Trading, Inc.
Parties Make First Sale of Executive Jet

Fort Lauderdale, Florida (Business Wire). September 23, 2003. PLATINUM SUPERYACHTS INC. (OTCBB: PSUY) (“Platinum”) today announced they have entered into an exclusive alliance with Arrow Trading Inc. (“Arrow”), specialists in the executive aviation industry. This represents the first step in the realization of Platinum’s “Lifestyles Division”. Platinum intends to offer its exclusive customer base of Yacht Clients and Owners, including those in the Arabian Gulf, India, Asia and Pacific regions, the opportunity to purchase and or charter executive jets through its alliance with Arrow Trading. Arrow Trading is an established Executive Jet Company based at the Executive Airport in Fort Lauderdale. Arrow has more than a decade of experience in sales, charter and service of executive Business Jets, Turboprops & Turbine Helicopters.

The strategic alliance has already completed the sale of a 1991 Hawker 800B business jet for a price in the region of $5,500,000 USD, plus modifications to a Platinum client in India for private and charter operations. Arrow identified this particular aircraft by taking into consideration all the client’s requirements and technical evaluation. After various inspections and modifications, the aircraft was delivered to the client and the transaction was completed.

In order to offer the finest in sales, charter and service of executive business jets to their clients, PLATINUM SUPERYACHTS is working to formalize the relationship with Arrow Trading. The parties intend to enter into a long-term agreement that clearly defines targets and responsibilities. Included in the proposed agreement is a sales and marketing plan aimed at Platinum’s high net worth client base with interests in Business Jets, Turboprops & Turbine Helicopters.

Ron Ruskowsky, CEO of Platinum SuperYachts, stated, “This alliance with Arrow Trading is the first step in creating a significant revenue stream for our Platinum Lifestyles Division. Both companies cater to the same upscale clients but in different parts of the world. We have an extremely strong customer base in the Arabian Gulf and the India, Asia, Pacific markets.” Ruskowsky continued by saying, “Although our core business is the building and sales of Superyachts, the association with Arrow Trading provides us with a tremendous opportunity to sell or charter Business Jets to our clients, while continuing to meet their desire for a mega yacht.”

Mr. Paulo O. Lima, President of Arrow Trading Inc. added, “Our mission is to provide quality services and tremendous product reliability related to the aviation lifestyle and leisure aspirations of individuals with whom we have built a personal relationship during the past 12 years. The alliance with Platinum SuperYachts in conjunction with our long & strong participation within the entire Latin American aviation market, gives us a definite edge over our competition since Platinum’s personal relationships are outstanding. We expect to build a strong partnership combining teams of experienced professionals with solid reputations in both the aviation industry and the world of Superyachts.

About Platinum SuperYachts Inc:
The principle objective of Platinum SuperYachts, Inc. is to create a Global Yacht Company, in a market estimated to exceed $25 Billion per year in the U.S. alone. Platinum intends to enter market segments that include Design, Construction, Marketing, Management, Service and Chartering. The business strategy will focus initially on targeted acquisitions of Yacht Builders in North America and Europe and after the stabilization of these operations, expand the Company to incorporate a Service/Warranty Facility in Fort Lauderdale, which is the center of the yachting industry. The Company’s aggressive consolidation strategy will truly provide a Full-Service approach for clients, which will include all aspects of Yacht Ownership.

Statements included in this press release that are not historical in nature are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The Company cautions readers that forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially and which are identified from time to time in the Company’s reports filed with the U.S. Securities and Exchange Commission. Platinum SuperYachts, Inc. claims the protection of the Safe Harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.

For more information, visit PSUY’s web site at http://platinumsuperyachts.com/new2/www.platinumsuperyachts.com . Information included on the Company’s website is not incorporated herein by reference or otherwise.

Shareholder and Public Relations
Contact: Henry Harrison
Harrison, Elliott & Brown, L.L.C.
407-862-5151