Monaco Coach Corporation to List on New York Stock Exchange
9 December 1998
Monaco Coach Corporation to List on New York Stock ExchangeCOBURG, Ore., Dec. 9 -- Monaco Coach Corporation today announced its intent to list its Common Stock on the New York Stock Exchange (NYSE). The Company anticipates trading its shares on the exchange near the first of the year. Monaco Coach Corporation has approximately 12.4 million shares outstanding. The company will simultaneously apply for delisting of its Common Stock on the Nasdaq National Market. According to Monaco Chief Executive Officer Kay L. Toolson, "Listing on the New York Stock Exchange should increase our Company's visibility with the financial community, resulting in an expanded potential investor group. It should also reduce trading volatility and improve liquidity of our shares." Toolson also commented that Monaco Coach Corporation investors should benefit from tighter quotation spreads typical of the New York Stock Exchange. In 1997, Monaco Coach Corporation recorded revenues of $441.9 million. For the three months ended October 3, 1998, net sales for Monaco Coach totaled $153.2 million, an increase of 44.8% over the same period of 1997. Headquartered in Coburg, Oregon, with additional manufacturing facilities in Indiana, Monaco Coach Corporation is one of the nation's leading manufacturers of recreational vehicles. The Company offers customers luxury motorcoach models bearing the Monaco name. Monaco's Holiday Rambler Division builds quality travel trailers, fifth wheel towables and motorcoaches. Monaco's McKenzie Towables Division produces fifth wheel and travel trailer towable recreational vehicles. The statements in this document regarding the effects of the Company's listing on the New York Stock Exchange are forward-looking statements. A number of factors could cause actual results to differ materially from these statements. Please refer to the Company's SEC reports, including but not limited to the report on Form 10-Q for the quarter ended October 3, 1998, and the 1997 Annual Report to Shareholders for additional factors. Note: News releases and other information on Monaco Coach can be accessed at no charge at http://www.ctaonline.com/mcco and http://www.monaco-online.com on the Internet.