Kingsley Coach Inc. Receives Approval for Increased Credit Line from Deutsche Financial Services

    MIDDLEBURG, Pa.--May 23, 2001--The Kingsley Coach Inc.(OTC:KNGS) has been approved for an increased, open ended credit line for purchase order funding with Deutsche Financial Services, a subsidiary of Deutsche Bank.
    The actual amount in each case, is determined by whom the actual end user of each purchase order is. Kingsley Coach announced it anticipates that it will utilize up to $2,000,000.00 of this unique line of credit which is in addition to the existing $500,000.00 line of credit. This open ended line of credit and existing credit lines actually may exceed the total of $2,500,000.00 currently projected.
    Mr. Ralph Dickenson, Chairman & CEO of Kingsley stated, "We are extremely gratified that, due to our past performance and close relationship with Deutsche Financial Services, we have been approved for this unique open ended credit line. This event will enable Kingsley Coach to increase production and facilitate larger, more extensive orders that we have been unable to accept in the past. As I have stated before, The Kingsley Coach is dedicated to serving our customers with the highest level of quality and customer satisfaction, and this increase will be used to insure that this commitment continues for the foreseeable future."
    Kingsley Coach is a manufacturer of unique, high quality, motorcoaches on a heavy duty truck chassis. The Kingsley product line is designed for both recreational and commercial use and marketed to the trucking and Recreational Vehicle industries.

    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.

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