The WaterCar (Not the Camaro) YouTube Video

Has anyone seen this vehicle?
Any information on it?

Here is the YouTube video link for it:
Here is another YouTube video of this vehicle.
and another
and one more

Corvette powered? Sounds interesting.
Ok so i have one more link to this vehicle, the homepage for it is...
Starting at 200K for this is a bit much, but they do have something cheaper, a kit based on a VW for $29,500.