Kingsley Anticipates Increase in Credit Facility for Manufacturing

    MIDDLEBURG, Pa.--May 2, 2001--Kingsley Coach Inc. (OTC-BB:KNGS), a manufacturer of unique, high quality, motorcoaches on a heavy duty truck chassis, announced it is negotiating with its existing credit supplier, Deutsche Financial Services, to increase its credit availability by one million dollars ($1,000,000.00) through purchase order financing.
    Mr. Ralph Dickenson, Kingsley's Chairman, said, "The significance of an additional credit line dedicated to purchase orders generated through the marketing of the SURV models is clear. The Deutsche proposal of an additional $1,000,000.00 in purchase order financing is in addition to our current $500,000.00 line with them. The line will be specifically for the purchase of chassis and body of SURV models. This would effectively triple our ability to satisfy customer orders, increase sales and improve margins. Although other financial firms have made proposals for this program, we are pleased to grow with Deutsche."
    Dickenson, Chief Executive Officer, said, "This year's operating performance and pricing policies should insure Company profitability. Due to management changes recently, I continue to take strategic action that will have a long-term positive impact. Importantly, we are improving and expanding our product lines and providing the financing to succeed. We expect to average a higher margin for each unit sold, at a time when the company is benefiting from improved economies of scale. This will support the bottom line for our shareholders. These efforts should generate sufficient cash to fund capital expenditures and debt service."
    Mr. Dickenson said, "We are building on a proven chassis with select clients and a team of dedicated professionals in the RV and Trucking industry. We recognize the possibility for profitable growth. Our production and marketing strategies should enable the Company to improve profitability in 2001 and beyond. "
    For Information, Contact: Ralph Dickenson or Investor Relations 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 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.