Wilmington, NC, April  16, 2026  (GLOBE NEWSWIRE) -- Off The Hook YS Inc. (NYSE:OTH) (&#34;Off the Hook Yachts&#34; or &#34;Off the Hook&#34; or &#34;the Company&#34;), a vertically integrated, AI-powered marine marketplace and one of the

Off The Hook Yachts Expands Into New Boat Sales With Sportsman And Phenom Brands, Powered By Unique Storage Ecosystem

Off The Hook Yachts Expands Product Offering and Market Presence

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 <h3>Information</h3>
 Wilmington, NC, April 16, 2026 (GLOBE NEWSWIRE) -- Off The Hook YS Inc. (NYSE:OTH) (&amp;#34;Off the Hook Yachts&amp;#34; or &amp;#34;Off the Hook&amp;#34; or &amp;#34;the Company&amp;#34;), a vertically integrated, AI-powered marine marketplace and one of the
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 <h3>AI Summary</h3>
 Off The Hook YS Inc. has announced a significant expansion by acquiring Sportsman Boats and Phenom Yachts, enhancing their competitive position in Wilmington&#039;s marine market. This strategic move is expected to drive new sales, improve customer retention through unique storage solutions, and generate increased downstream revenue, positioning OTH for growth in the near term.
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 <ul><li>Off The Hook YS Inc. expands with Sportsman Boats and Phenom Yachts.</li><li>Acquisition of Bellhart Marine enhances dealership operations in Wilmington.</li><li>Sloop Point Marina will support boat sales and customer retention.</li><li>Launch incentives include one year of free storage with new purchases.</li><li>Integrated platform expected to generate high-margin downstream revenue.</li></ul>
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 <h3>Companies Mentioned</h3>
 <ul><li>Sportsman Boats (Not Public): Known for strong resale values and customer loyalty.</li><li>Phenom Yachts (Not Public): Modern brand targeting younger boaters, complements Off The Hook&#039;s offerings.</li><li>Bellhart Marine (Not Public): Acquisition will enhance dealership and service operations.</li></ul>
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 <h3>Corporate Developments</h3>
 This news falls under Corporate Developments, as it represents strategic growth through acquisitions. The focus on enhancing OTH&#039;s product lineup and expanding sales capabilities is likely to boost market share in the competitive marine industry.
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 <h3>Market-Moving</h3>
 <ul><li>Off The Hook&#039;s expansion should increase sales and customer retention.</li><li>Immediate launch incentives could boost short-term sales volumes.</li><li>Acquisition of Bellhart Marine strengthens their competitive position.</li><li>Expected new boat sales projected at 100 units annually.</li></ul>
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 <h3>Key Facts</h3>
 <ul><li>Off The Hook Yachts is acquiring Sportsman Boats and Phenom Yachts.</li><li>Bellhart Marine will serve as the retail hub for new boat sales.</li><li>Sloop Point Marina will support up to 450 stored boats.</li><li>Customers get one year of free storage with Sportsman purchases until July 31.</li><li>Off The Hook aims for 100 new boat sales annually with the new acquisitions.</li></ul>
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 <h3>Trading Thesis</h3>
 Invest in OTH for potential growth driven by new product offerings and revenue streams over the next 12 months.
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link>Wilmington, NC, April 16, 2026 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=t3DK6PoWxdgFFdGhRrr0gaNvXe68lELQny3vI-wwQAahH_6dvJyiYFMFo4wjGU7_bIvtwk_CQzGW2UBw0aaakHqSHQkqMDtyMIrOOuiCDVg=" rel="nofollow" target="_blank">Off The Hook YS Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/OTH">OTH</a>) ("Off the Hook Yachts" or "Off the Hook" or "the Company"), a vertically integrated, AI-powered marine marketplace and one of the largest buyers and sellers of used boats in the United States, today announced a major expansion with the addition of Sportsman Boats and Phenom Yachts. &#34;We are incredibly proud to serve the Wilmington community, one of the fastest growing cities in America. This is a market that understands boating, values the water, and continues to grow. Being part of Wilmington&#39;s expansion and contributing to its marine economy is something that we take seriously and are deeply excited about&#34;, said Jason Ruegg, President of Off The Hook Yachts. &#34;Sportsman Boats represents one of the most respected names in the industry - known for consistent quality, strong resale value, and a loyal customer base built over time. Phenom Yachts brings a complementary energy to the lineup, with a modern, performance-driven approach that resonates with the next generation of boaters. Together, these brands align perfectly with Off The Hook Yachts&#39; platform where every new boat sold feeds a larger ecosystem of trade-ins, service, and long-term customer relationships. It's a model designed not just for today&#39;s sale, but for the entire lifecycle of the customer&#34;, said Blake Phillips, COO of Off the Hook Yachts. These brands will be sold through Bellhart Marine, located on Market Street in Wilmington, North Carolina, a company Off The Hook has committed to acquire. Strategic Differentiation: Sales + Storage + Service While Bellhart Marine will serve as the Company's retail dealership hub, Off The Hook will leverage Sloop Point Marina as a powerful supporting asset—creating a unique competitive advantage in the market. Sloop Point is not a dealership, but rather a large-scale dry stack storage facility for customers, currently operating 224 racks with approvals to expand to 450. This structure allows Off The Hook to offer something few, if any, competitors can match: - Integrated Storage Access tied directly to boat purchases - Immediate Customer Capture into Off The Hook's ecosystem - Long-term recurring revenue through storage and service - A frictionless ownership experience for buyers "No one else in our market combines dealership operations with this level of storage control," the Company stated. "Sloop Point is a strategic tool that enhances our ability to sell boats faster and retain customers long after the initial transaction." Launch Incentive to Drive Immediate Sales Customers who purchase a Sportsman boat through Bellhart Marine from now through July 31 will receive one year of complimentary storage at Sloop Point Marina. Building a High-Margin Revenue Flywheel The addition of new boat sales is expected to generate significant downstream revenue opportunities across Off The Hook's platform, including: - Trade-ins fueling pre-owned boat inventory - Financing through in-house platform - Extended warranties and protection products - Insurance offerings - Service and maintenance revenue &#34;We believe no one in the marine industry is better positioned to support a boat buyer with a trade than we are. Our fully integrated platform that combines new boat sales, a used boat marketplace, storage, service, and financing allow us to seamlessly take in trades, price them intelligently, and immediately place them into our ecosystem. That creates a smoother experience for the customer and a stronger supply engine for our business", added Blake Philips. Service Expansion and Market Opportunity Bellhart Marine will oversee service operations tied to Sloop Point Marina. With up to 450 stored boats at full buildout and thousands more nearby, Off The Hook sees strong long-term service revenue potential. With Sportsman, Phenom, and Yellowfin, Off The Hook expects up to 100 new boat sales annually at scale. Disciplined Expansion Off The Hook emphasized this is a strategic expansion, not a shift away from its core used boat focus. Brian John, CEO of Off The Hook added &#34;New boat sales are a strategic input into Off The Hook&#39;s core business, driving trade-ins, increasing used inventory supply, and accelerating customer acquisition into its ecosystem. Sportsman and Phenom have spent years building trust through product. We&#39;re building trust through the ownership experience. When you combine the two, you create a model that's incredibly hard to replicate.&#34; About Off The Hook YS Inc. Founded in 2012, Off The Hook YS Inc. is a vertically integrated, AI-powered marine marketplace transforming how boats are bought, sold, and financed across the United States. Leveraging proprietary technology, deep transaction data, and a national acquisition network, the Company increases speed, transparency, and inventory velocity across boat brokerage, wholesale trading, auctions, financing, and marine services, with an integrated ecosystem that includes <a href="https://www.globenewswire.com/Tracker?data=W7S0Q1RiKtTO2Htra76CsyT65HjGhrA7LERvtOU5604Obe5i6TvQ34Tx33Ji6ho73JVWRUkn8xFa9S6liB5Ux9jGaekVASHCswjMST5OthQ=" rel="nofollow" target="_blank">Autograph Yacht Group</a>, <a href="https://www.globenewswire.com/Tracker?data=UkREjr_UB1e7oH-qVDaZePG42NylGhtPdL_rL8HDL9NQgui6u3mzSxjFt1BcqJoLe0VfB9VUWBzx6qOqU0qv47lJwayC83sc74DrUX0zobk=" rel="nofollow" target="_blank">Azure Funding</a>, and proprietary lead-generation platforms. Headquartered in Wilmington, North Carolina, Off The Hook is rapidly expanding its national footprint and market share within the $57 billion U.S. marine industry. Contact Off The Hook YS Inc. Chad Corbin, Chief Financial Officer <a href="https://www.globenewswire.com/Tracker?data=9rWjfb3IjfrW6mGmlROvvGVWhZFZa629apEKotTTAl8EHCqVaMuwnMGmofbypE7hs8TKR9DO8mk5egkm5Dr7kp5WgBiQmEggf5VkmVzH6uS5zJuFu1i8NRp5C07r130S" rel="nofollow" target="_blank">chadcorbin@offthehookys.com</a> Investor Relations <a href="https://www.globenewswire.com/Tracker?data=jdvdhEmdd5LJOhiuwi9DHqcGfv_4WzI24QhWVwiho-hilQBIQ-Fmb8ShEjK3T9HvRZR607KEe5RijpnZcJxezyQwcS_-DqVNMaQe8kWviCY=" rel="nofollow" target="_blank">ir@offthehookys.com</a> Forward-Looking Statements This press release contains "forward-looking statements" that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as "anticipate," "believe," "contemplate," "could," "estimate," "expect," "intend," "seek," "may," "might," "plan," "potential," "predict," "project," "target," "aim," "should," "will," "would," or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Off The Hook YS Inc.'s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled "Risk Factors" in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Off The Hook YS Inc. undertakes no duty to update such information except as required under applicable law. <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY5MTMzNyM3NTM5NzEyIzUwMDE1NDgxOA=="></img> <img alt="" src="https://ml.globenewswire.com/media/MjVkNTQyYjItYWFmZS00ZTJmLTkzMmQtOGNlN2E5MDAyNDg0LTUwMDE1NDgxOC0yMDI2LTA0LTE2LWVu/tiny/Off-The-Hook-YS-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/43d2f631-03a0-4dfa-9354-37cb4b4eafab"><img src="https://ml.globenewswire.com/media/43d2f631-03a0-4dfa-9354-37cb4b4eafab/small/off-the-hook-logo-1-png.png" border="0" width="150" height="87" alt="Primary Logo"></img></a>

Off The Hook YS Inc. has announced a significant expansion by acquiring Sportsman Boats and Phenom Yachts, enhancing their competitive position in Wilmington's marine market. This strategic move is expected to drive new sales, improve customer retention through unique storage solutions, and generate increased downstream revenue, positioning OTH for growth in the near term.

Off The Hook Yachts Expands Into New Boat Sales With Sportsman And Phenom Brands, Powered By Unique Storage Ecosystem

AI Summary

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Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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