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February, 19, 2009 ARBOC was awarded a portion of the Houston/Galveston Area Council contract for the 2009-2010 calendar years. This contract will be administered by National Bus Sales & Leasing of Justin, TX, and also has provisions allowing unlimited purchases by any transit agency across the country.
February 10, 2009 Hoglund Bus Company of Monticello, MN along with ARBOC Mobility was awarded an addendum to the State of Minnesota contract to include its Spirit of Mobility Bus product line. This addendum allows unlimited purchases by any transit agency in Minnesota.
January 26, 2009 the Holland Bus Company and ARBOC Mobility were awarded a contract for low floor buses from Cadillac/Wexford Transit Authority. This contract allows for "add-on" purchases allowing other transit agencies in the State of Michigan to make purchases under the contract.
Orders under the above contracts are currently being received and ARBOC Mobility already has a firm order backlog. Production is ramping up at the new 114,000 square foot facility in Middlebury, Indiana.
The Spirit of Mobility is the first low floor mid size bus to provide easy entry without the need for steps or cumbersome wheelchair lifts, and without the use of a drop box in the driveline. Mobility challenged passengers enter through the same 39" wide door as other passengers with the use of either the standard manual ramp or a power ramp up to 56" long.
Coachmen Industries, Inc. is one of America's premier systems-built construction companies under the ALL AMERICAN HOMES(R) and MOD-U-KRAF(R) brands, as well as a manufacturer of specialty vehicles. Coachmen Industries, Inc. is a publicly held company with stock listed on the New York Stock Exchange (NYSE) under the ticker COA.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned not to place undue reliance on forward-looking statements, which are inherently uncertain. Actual results may differ materially from that projected or suggested due to certain risks and uncertainties including, but not limited to, the potential fluctuations in the Company's operating results, price volatility of raw materials used in production, the availability and cost of real estate for residential housing, the supply of existing homes within the company's markets, government regulations, dependence on significant customers within certain product types, consolidation of distribution channels, consumer confidence, uncertainties of matters in litigation, and other risks identified in the Company's SEC filings.
For product information:
Mike Donley
Director of Marketing and Communications
574-266-2533
For investor or financial information:
Thomas Gehl
Director of Investor Relations
574-266-2531
SOURCE Coachmen Industries, Inc.
http://www.coachmen.com
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