ANDOVER, Minn., July 15, 2004 (PRIMEZONE) -- Kingsley Coach, Inc. (OTCBB:KNGS) has announced today that as a result of the continued increase in demand for its coaches, it has begun negotiations to more than triple its current manufacturing capacity near its existing facility in Andover, Minnesota.
"Kingsley has seen explosive growth due to the recent increase in orders for our Medical Units, Entertainment Units, and specialized Homeland Security Command Centers; and we have outgrown the manufacturing capacity at our existing facilities," said Ralph Dickenson, CEO of Kingsley Coach, Inc. "With the current backlog of 16 coaches and the projected accelerating rate of growth for Kingsley over the balance of the year and beyond, we are looking to more than triple our current capacity and expect to consummate a lease in the very short term," added Mr. Dickenson.
Throughout this present expansion phase, Kingsley Coach will retain its commitment to quality and excellence in the manufacture of detailed, customized, luxury coaches for both business and leisure customers.
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.