ANDOVER, Minn., Aug. 10, 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 executed a lease for nearly 17,000 square feet of manufacturing and associated office space in Zimmerman, Minnesota.
"We are excited to have so quickly located new manufacturing space for Kingsley Coach. This new lease will allow Kingsley to work on seven coaches at the same time from just this one location," said Ralph Dickenson, CEO of Kingsley Coach, Inc. "We are currently finalizing the design and build-out of the facility and expect to occupy the space in approximately 30 to 45 days," continued Mr. Dickenson.
The new facility in Zimmerman along with Kingsley's recently completed financing will allow Kingsley Coach to more rapidly fulfill its order backlog and begin to more aggressively pursue sales of its various styles of coaches.
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.