Consumer Discretionary Issue Sets Sail Upward Thursday

Consumer Discretionary Issue Sets Sail Upward Thursday

By: Dylan Sikes – News

Thursday, September 10, 2020

It’s getting near the end of boat season in many parts of North America, which means there will likely be some bargains in store to lure back those with nautical ambitions, pangs that couldn’t be satisfied through much of 2020. 

Boats and other pleasure craft fall under the heading of consumer discretionary, whose stocks plunged 1.8% in New York, while the comparable sector in Toronto fell 0.7% Thursday. 

Fort Pierce, Florida-based Twin Vee PowerCats, Inc. (PINK:TVPC), one of the largest production-based dual hull boat companies in the United States, today launched Twin Vee Connect, a social platform that will innovate the boat buying and boat owning experience for Twin Vee's customers and dealers. 

The new site is aimed at improving the connection with its current and future customers.

Said CEO Joseph Visconti "We created Twin Vee Connect as a customer-to-customer and a business-to-customer site that will target the needs of current and aspiring Twin Vee owners and fans of the brand," 

The new Twin Vee Connect site is, among other things, a marketplace for authorized dealers and current owners to list their Twin Vees for sale. Shares in TVPC bucked the sector trend and gained 1.3 cents, or 36.1%, to 4.9 cents, on volume of 20,000.

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