V1 departed American Marine in New Port Richey at approximately 0800hrs en route to Tampa Bay.  V1 stopped approximately 13 miles west, northwest of Tarpon Springs to fish.  At approximately 0930 hrs the vessel began to take on water.  An attempt to start the motors was unsuccessful due to an unknown engine failure.  The owner operator then radioed the U.S. Coast Guard and called 911 declaring distress.  V1 subsequently sank at N28 14.133 W083 06.933.  All occupants were rescued by the U.S. Coast Guard and an unknown good samaritan at approximately 1330hrs.  All occupants were transported to Air Station Clearwater where they were check out by EMS and released.  The status of the vessel is unknown at this time.
HOLIDAY                       