1
                                                                     Exhibit 2.3
June 30, 1999



To the Parties Appearing on
The Signature Page hereto

RE: AGREEMENT BETWEEN REVENGE MARINE, INC. AND CONSOLIDATED YACHT
    COMPANY, INC.

Gentlemen:

This letter constitutes an Agreement ("Agreement") between Revenge Marine, Inc.,
a Nevada Corporation ("Revenge") and Consolidated Yacht Company, Inc., a Florida
Corporation (Consolidated) concerning certain assets of Revenge to be purchased
by Consolidated. Reference is also made to certain shares of Revenge common
stock held by Jim Gardiner ("Gardiner's Shares").

Consolidated would like to purchase from Revenge certain assets of Revenge
further described on Exhibit A hereto (the "Assets"). As a material inducement
for Revenge to enter into this Agreement Consolidated and Jim Gardiner agrees to
settle all outstanding claims against Revenge and its officers, directors,
employees and shareholders and for additional consideration, the sufficiency of
which is hereby acknowledged, the parties agree as follows:

      1.    ASSET PURCHASE. Revenge agrees to sell and transfer the Assets and
            all title and interest thereto, as is, where is, to Consolidated for
            the cancellation of all indebtedness owed by Revenge to
            Consolidated, including that certain promissory note, dated
            September, 1998 and Bill of Sale Exhibit B hereto (the "Note").

      2.    OPTIONS. Consolidated Gardiner's options to purchase 605,000 common
            shares of Revenge shall become immediately vested as of the date
            hereof. Exhibit C hereto (the "Option").

      3.    RECEIVABLE. Revenge agrees to assign all receivables designated as
            Consolidated's back to Consolidated Exhibit D hereto ( the
            "Receivables").

      4.    INVENTORY. Any shortfall in the inventory originally received by
            Revenge will be exchanged for additional equipment as designated by
            Consolidated Exhibit E hereto ( the "Inventory").



   2

      5.    MONIES advanced by Jim Gardiner to Revenge. Revenge agrees to
            transfer title to one Ford Van Exhibit F hereto ( the "Van"), in
            exchange for monies advanced or owed to Jim Gardiner and
            Consolidated.

      6.    STOCK. Jim Gardiner agrees to return back to Revenge all shares
            issued under the Egret and Consolidated purchase agreement Exhibit G
            hereto ( the "Shares") and to have them cancelled except for 400,000
            shares.

      7.    LEASE'S. Consolidated agrees to assume the current defaulted lease
            with Miami River Partners and Citicorp. Exhibit H hereto ( the
            "Lease's") and have Revenge and William C. Robinson released from
            any further obligations.

      8.    CHOICE OF LAW. This Agreement shall be governed by the laws of the
            State of Nevada, without respect to its provisions on the conflicts
            of laws.

      9.    COUNTERPARTS. This Agreement may be signed in counterparts, each of
            which shall be deemed an original and all of which shall constitute
            one instrument.

IN WITNESS WHEREOF, the Parties have executed this Agreement on the day and date
set forth above.

On behalf of Revenge Marine, Inc.

Revenge Marine, Inc.
a Nevada corporation



- ------------------------------
William C. Robinson
President and CEO



- -------------------------------
William C. Robinson
And Individual



On behalf of Consolidated Yacht Company, Inc.

Consolidated Yacht Company, Inc.
a Florida corporation



- ------------------------------
Jim  Gardiner
President and CEO



- ----------------------------
Jim Gardiner
an Individual