FOUNTAIN POWERBOATS TO HOLD CONFERENCE CALL TO DISCUSS FIRST QUARTER FINANCIAL RESULTS

WASHINGTON, NC – November 3, 2005 – Fountain Powerboats, Inc. (AMEX: FPB), a subsidiary of Fountain Powerboat Industries, Inc. and leading manufacturer of high performance sport boats, fish boats and express cruisers, today announced it will hold a conference call to discuss first quarter financial results for fiscal 2006 on Monday, November 14, at 11:00 a.m. Eastern (EST). Shareholders and members of the investment community are invited to participate in the call.

The conference call dial-in number for callers in North America is toll-free 800.936.9754. The conference call dial-in number for international callers is 973.935.2048. As a confirmation number is required to access the call, please RSVP your participation by calling Suzanne Schnitzer at McCloud Communications, 949.553.9748. An audio replay of the conference call will be available from November 14 through 21, 2005. To access the replay from North America, dial 877.519.4471. International callers dial 973.341.3080. The pin code is 6684339.

Additionally, the conference call is being webcast by ViaVid Communications and can be accessed at Fountain Powerboat’s web site, www.fountainpowerboats.com , or at http://viavid.net/dce.aspx?sid=00002AC5.


About Fountain Powerboats, Inc.

Fountain Powerboats, Inc., a subsidiary of Fountain Powerboat Industries, Inc., has its executive offices and manufacturing facilities along the Pamlico River in Beaufort County, North Carolina. The company designs, manufactures and sells offshore sport boats, sport fishing boats and sport cruisers that target the segment of the recreational power boat market where speed, performance, safety and quality are the main criteria for purchase. These recreational boats are based upon an innovative, award-winning design enabling world class performance while using standard reliable power. There are currently 12 buildings located on 65 acres totaling over 238,000 square feet accommodating 40 to 45 boats in various stages of construction at any one time. The present plant site can also accommodate up to 300,000 square feet of additional manufacturing space. The land and buildings are wholly owned by Fountain Powerboat Industries, Inc. and its subsidiary, Fountain Powerboats, Inc. For more information, visit www.fountainpowerboats.com.

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