'Kingsley Coach Announces Second Production Plant'.Business Editors MIDDLEBURG Middleburg may mean the following places in the United States of America:
The Kingsley Coach, Inc. (OTC-BB:KNGS) announced today that it will supplement its current production by setting up and commencing production at its Minnesota facility in early November. The Company has completed its feasibility study The analysis of a problem to determine if it can be solved effectively. The operational (will it work?), economical (costs and benefits) and technical (can it be built?) aspects are part of the study. Results of the study determine whether the solution should be implemented. regarding Kingsley Coach production at its 10,000 square foot facility in Ramsey, Minnesota Ramsey is a city in Anoka County, Minnesota, United States. The population was 18,510 at the 2000 census. Geography According to the United States Census Bureau, the city has a total area of 77.0 km² (29.7 mi²). 74.6 km² (28.8 mi²) of it is land and 2.5 km² (0. , part of the greater Minneapolis metropolitan area. Supplemental production at the Minnesota facility should increase Kingsley's production capacity by 15% to 25%. Kingsley's engineering and design department is already operating out of the Minnesota location. Terry Watkins, Kingsley's Chief Executive Officer, said, "This is the quickest and least expensive way to increase our current production rate: we already have the facility; tooling up costs will be minimal; quality labor is available in the area; and our design engineers are on-hand to assist in production training." Kingsley Coach manufactures unique, high quality motorcoaches on heavy duty truck chases. The unique design of the Kingsley Coach, with the engine in front, provides for several advantages over traditional rear engine units, including safety, durability du·ra·ble adj. 1. Capable of withstanding wear and tear or decay: a durable fabric. 2. , flexibility, and ease of service. The Kingsley product line is designed for both recreational and commercial use and is produced in conjunction with a manufacturing alliance at the Thor America plant in Middleburg, PA with Thor America, Inc., a Thor Industries Thor Industries, Inc. is a manufacturer of recreation vehicles and mid-sized commercial buses. History Thor Industries, Inc., was founded on August 29, 1980, when Wade F. B. Thompson and Peter B. Orthwein acquired Airstream. company, one of the largest RV manufacturers in the USA. Kingsley's facility in Middleburg, Pennsylvania Middleburg is a borough in Snyder County, Pennsylvania, United States. The population was 1,382 at the 2000 census. It is the county seat of Snyder CountyGR6. will remain the Company's primary production facility, and Thor will supply body components for both production plants. Mr. Watkins stated, "The timing is right for this decision. It provides the Company with the flexible platform we need to meet our aggressive expansion goals. Management and supervision personnel are already based at the Ramsey, Minnesota plant, and the plant is physically readied; initiating production will be inexpensive and uncomplicated." For Information about the Company, contact: Investor Relations Investor relations The process by which the corporation communicates with its investors. Department: Tel: 570-837-7114; Fax: 570-837-7214. Kingsley's website is at www.kingsleycoach.com. NOTE: This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on the current plans and expectations of Kingsley and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward looking statements. Important factors that could cause actual results to differ include, among others, risks associated with acquisitions, changes in government regulations, competition, and risks of operations and growth projections. |
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