Kingsley Coach Announces Revenue and Income for Fiscal Year

    MIDDLEBURG, Pa.--Aug. 21, 2001--Kingsley Coach Inc .(OTC-BB-KNGS) continues to report profits for the fourth quarter in a row. The company announced preliminary unaudited revenue and earnings for fiscal year ended June 30, 2001 with Earnings Per Share of .02 cents vs. a loss of (.07) cents per share for the fiscal year ended June 30, 2000.
    Revenues increased to $ 4,921,797.00 for the 12 month period vs. $1,129,976.00 for the Fiscal year ended (six months) ended June 30,2000. The company changed from calendar year reporting to fiscal (6/30) reporting during the first quarter of 2000.
    Net income for the fiscal year ended June 30, 2001, was $152,131 vs. a loss of ($580,569.00) for the fiscal year ended June 30, 2000.
    Ralph Dickenson, Chairman and CEO of Kingsley, noted that "management is pleased to see the continuing dramatic improvement in revenue and earnings for the last four quarters since they reflect the benefit of Kingsley's re-emphasis of its sales and manufacturing operations, reduced costs, and improved profitability in both its recreational and commercial sector markets." Mr. Dickenson also observed that revenue increased 45% in fiscal 2000-2001 from the corresponding 12 month period in 1999-2000. Early indications are that the improvement in Kingsley's earnings over the last four quarters also appears to be continuing into the second half of the year 2001 and reflects management's efforts to improve shareholder value.
    Dickenson also said "This past year's performance demonstrates the increase we have been projecting and we are confident of our ability to improve current levels of sales for Kingsley Coach products . We are working vigorously to improve our margins through economies of scale and quantitative buying. We continue to take strategic action that will have a long-term positive impact and we believe this will result in increased shareholder value. We at Kingsley Coach, are committed to growth through sound fundamentals, and will continue to strive for excellence in our industry."

                          Kingsley Coach Inc.

          Statement of Income for 12 Months ended June -2001

            and Six months Fiscal Year ended June 30,2000 (1)


                                  12 Mo Ended:            6 Mo Ended
                                  ------------            ----------
                                     6-30-01                6-30-00
                                   ----------             ---------- 
Revenue:                           $4,921,797             $1,129,976

Cost of Sales                      $3,684,945               $705,683

Gross Margin                       $1,236,852               $424,293

General & Admin Expense             $ 986,480               $944,935

Income(Loss) from Operations         $250,372              ($520,642)

Other Income/Expense/net            ($ 13,569)                   ($0)

Interest Expense                    ($111,810)              ($59,927)

Net Income/(Loss)                   $ 152,131              ($580,569)

Income/(Loss) per share             $    0.02              $  ( 0.07)

Weighted Average Shares             8,523,852              8,174,043

(1) Kingsley Coach changed its fiscal year during the first quarter of
    2000 from a calendar to a fiscal year ended June 30