Kingsley Coach Inc. Announces Outstanding Options Expired Unexercised

    MIDDLEBURG, Pa.--Sept. 5, 2001--Kingsley Coach Inc. (OTC-BB:KNGS) Kingsley Coach Inc. announced today that options for two million shares granted at the beginning of July 2001 expired at the end of August, 2001, were not exercised and will not be issued.
    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. Marketing of the product lines have been increased at both RV and Trucking Shows throughout North America.
    Ralph Dickenson, Chief Executive Officer, said, "This year's operating performance and pricing policies should insure Company profitability. Importantly, we redefined our strategic priorities to focus on balance sheet restructuring and asset value growth. Second, we began to accelerate sales efforts and some marketing programs. 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 have had four profitable quarters in a row and look to profitable growth. Our production and marketing strategies should enable the Company to continue to improve profitability in 2001 and beyond."

    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.

    Kingsley's website is at www.kingsleycoach.com