Coach Industries Group -CIGI- Announces the Successful Completion of a $2 million Common Stock and Warrant Offering.COOPER CITY, Fla. -- Coach Industries Group, Inc. ("Coach") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CIGI CIGI Computer Image Generator Interface CIGI Career Information Guidance India CIGI Coach Industries Group Inc. ) today announced the sale of $2 million of Common Stock and Warrants. The Common Stock and Warrants were not registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. absent registration or an applicable exemption from such registration requirements. Monarch Capital Group, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control acted as sole placement agent in the offering which involved several institutional investors. Francis O'Donnell, Chairman and Chief Executive Officer of Coach, commented that, "The additional funding will allow us to maintain our growth momentum as we finish the fourth quarter and position the Company for profitable growth in 2006." About Coach Industries Group, Inc. Coach is a holding company focused on providing financial services and the manufacturing of luxury limousine and specialty vehicles to Commercial Fleet Operators. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Safe Harbor Statement under 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: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in Coach's filings with the Securities and Exchange Commission. |
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