The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Coast Distribution System Declares Cash Dividend for Third Quarter 2008


PHOTO (select to view enlarged photo)

MORGAN HILL, Calif., Sept. 2, 2008 - The Coast Distribution System, Inc. (AMEX:CRV) announced its Board of Directors declared its 2008 third quarter dividend of $0.03 per share, to be paid on Sept. 30, 2008 to shareholders of record as of Sept. 16, 2008.

"We continue to anticipate that the second half of 2008 may be a difficult period in our markets based on the prevailing conditions in the recreational vehicle and marine industries," said James Musbach, President and CEO of Coast. "We also are continuing the careful management of our assets in these turbulent times, including our cash in particular. That being said, we still believe that Coast's dividends reflect the Board's confidence in our long-term growth, and our commitment to enhance stockholder value."

This dividend marks the fifteenth consecutive quarterly cash dividend since Coast's Board of Directors established the dividend policy in Feb. 2005. On June 27, 2008, Coast paid its second quarter 2008 dividend of $0.03 per share.

About The Coast Distribution System

The Coast Distribution System, Inc. (www.coastdistribution.com) is one of North American's largest wholesale aftermarket suppliers of replacement parts, supplies and accessories for the recreational vehicle (RV), pleasure boat and outdoor recreation markets. Coast supplies more than 14,000 products from 500 manufacturers through 17 distribution centers located in the U.S. and Canada. Most of Coast's customers consist of independently owned RV and marine dealers, supply stores and service centers. Coast is a publicly traded company on the American Stock Exchange under the ticker symbol CRV.