ANDOVER, Minn., June 22, 2004 (PRIMEZONE) -- Kingsley Coach, Inc. (OTCBB:KNGS) announced today that it has attained a record backlog as of June 21, 2004. The Company has a current backlog of sixteen (16) coaches, as compared to thirteen (13) coaches at December 31, 2003, and eight (8) coaches at the same time a year ago.
Ralph Dickenson, CEO of Kingsley Coach, Inc. said, "As the overall coach building industry continues to rebound and expand, Kingsley Coach is experiencing a dramatic increase in inquiries and orders. This interest has resulted in a record backlog of sixteen coaches totaling nearly $7 million in revenues." Mr. Dickenson furthered, "As good as these numbers are for Kingsley Coach, our forecast calls for these unit and dollar sales volume numbers to continue to increase."
Kingsley coach is currently adding additional staff and improving manufacturing capability in order to continue to keep up with existing demand and to achieve further penetration into the motor home and special-use coach industry.
About Kingsley Coach: Kingsley manufactures standard and custom motor homes, and special use coaches. A Kingsley Coach is mounted on a class 8 or 7 semi-truck chassis, powered by top-name truck tractors such as Freightliner (NYSE:DCX), Volvo (Nasdaq:VOLVY) and Peterbuilt (Nasdaq:PCAR). It has an automatic transmission, a heavily reinforced body, a 500,000 mile guarantee, and ultimate quality. It offers its owner great comfort, safety, and high-performance including the new Sirius Satellite Systems (Nasdaq:SIRI). Kingsley recently expanded its product line to include medical, communications, entertainment, and various business-use coaches. RV owners refer to the Kingsley coach as "The Most Extraordinary Home on the Road."
Forward-Looking Statements: Certain information contained in this news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. While these statements are made to convey the Company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent managements' opinion. Actual Company results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties.