ANDOVER, Minn., April 6, 2004 (PRIMEZONE) -- Kingsley Coach, Inc., (OTCBB:KNGS) announced a significant milestone. It produced its 100th Coach.
"The fact that we achieved this goal ahead of projections is due to the shift in consumer demand," stated Ralph Dickenson, CEO of Kingsley Coach. "The demand for motor homes has doubled in little more than a decade, to about 320,800 units a year, according to the Recreation Vehicle Industry Association. Of greater importance to us is the fact that the biggest gains have been in our high-end market. Sales of luxury RVs costing $200,000 or more rose 26 percent in 2002 and accounted for $5 billion, 41 percent of overall sales."
In addition to its 100th Coach, Ralph Dickenson stated that the number of people with serious interest when inspecting the Kingsley coach on display at the Mid-America Truck show was far greater than expected.
About Kingsley Coach: (www.kingsleycoach.com)
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 guaranty, 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."
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.