ANDOVER, Minn., June 16, 2004 (PRIMEZONE) -- Kingsley Coach, Inc. (OTCBB:KNGS) announced today the formation of the "Kingsley Commercial Business Unit" for the development and production of new business activities in the United States.
According to CEO Ralph Dickenson, "The decision to form this new unit came about as a result of the growing demand for Kingsley coaches from commercial and professional businesses." Dickenson added: "in fiscal 2002, realizing the market for mobile medical devices was about $400 million & growing, we developed a marketing program to communicate the merits of the Kingsley Coach to this market. The completion and delivery of a third medical unit carrying the CTI/CDS- Hitachi (NYSE:HIT) PET Scanner reaffirmed our belief that this new commercial unit will contribute significantly to Kingsley's growing revenues."
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) radio. 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.