ANDOVER, Minn., Aug. 23, 2004 (PRIMEZONE) -- Kingsley Coach Inc. (OTCBB:KNGS) announces that the company has been featured in "Larry Oakley's Comment" at http://www.WallStreetCorner.com.
Oakley's Comment highlighted that the company has an $8 million backlog. He also talked about production expansion with a brand new 17,000 sq. ft. facility in Minnesota, complimenting 10,000 sq. ft. in Pennsylvania. Included in KNGS' $8 million backlog are three "team coaches" that are being built simultaneously. That new capability, building three identical coaches at the same time, results in a significant cost saving. Sports teams do a lot of traveling for games in different cities. The managers of those teams, with a typical team of 29 players, have to buy 29 sets of tickets for each trip as well as 29 hotel rooms. The Kingsley Team Coach comfortably sleeps 29 players. The result is far less cost for transportation & hotel accommodations. The coach pays for itself rather quickly. The present three orders are for hockey & soccer teams. Managers talk with each other, so the word is getting around without KNGS having to do any advertising.
About Kingsley Coach
KNGS 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. 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. 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."
About WallStreetCorner:
Formed five years ago as a venue for the Conservative Speculator newsletter, published since 1987, WallStreetCorner, including Conservative Speculator and Oakley's "Stock Pick," "Opinion" and "Comment" editorial columns, is now regularly read by investors in 68 countries.
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.