National RV Holdings, Inc Sells Travel Trailer Business to Weekend Warrior

PERRIS, Calif., Sept. 27 -- National RV Holdings, Inc. announced today that it has negotiated the sale of its National RV travel trailer business assets to Weekend Warrior, a privately owned, California-based ramp trailer manufacturer. Warrior has created a new company called Rage'n, Inc., through which it plans to manufacture and market the acquired National RV brands. The sale is designed to allow National RV to further concentrate its efforts and resources on its growing motorhome business.

Brad Albrechtsen, CEO of National RV, stated, "With increasing demand for Class A motorhome products, we have decided that we could better serve our shareholders, as well as our motorhome dealers and customers, by focusing all of our attention and resources on our motorhome business where margins are better." Commenting on the deal with Warrior, Albrechtsen continued, "We are very pleased that we were able to reach an agreement on our toy-hauler business with the company that virtually invented that business. We believe that Warrior is the perfect company to take over our brands and further enhance their value for the customers and dealers. Once we decided it was in the best interest of our shareholders to focus all of our resources on motorhomes, our main concern was in finding someone who could preserve the brand value for our dealers and owners -- and we feel that we accomplished that," concluded Albrechtsen.

National RV announced that the sale was effective immediately, but went on to state that it will continue to service and fulfill the original warranty obligations of the travel trailer products currently on the road. Sales of trailers have represented less than 5% of revenues for National RV Holdings. Terms of the transaction were not disclosed.

National R.V. Holdings, Inc., through its two wholly-owned subsidiaries, National RV, Inc. and Country Coach, Inc., is one of the nation's leading producers of motorized and towable recreation vehicles. National RV is located in Perris, California where it produces Class A gas and diesel motorhomes under model names Dolphin, Islander, Sea Breeze, Tradewinds and Tropi-Cal. Country Coach, Inc. is located in Junction City, Oregon where it produces high-end Class A diesel motorhomes under the model names Affinity, Allure, Inspire, Intrigue, Lexa and Magna, and bus conversions under the Country Coach Prevost brand.