The Kingsley Coach, Inc. Reports Acquisition of Inventions
MIDDLEBURG, Pa.--Oct. 31, 2001--The Kingsley Coach, Inc. announced today that it has acquired all the rights to two inventions that it will incorporate into its Kingsley Coaches.One invention is a mechanism that enables the garage/storage compartment in a recreational vehicle to be easily lowered and raised. This represents a significant improvement over the inclined ramps commonly used, as loading at ground level is easier.
In addition, the new mechanism permits loading to be accomplished in a smaller area than the ramp, which generally requires clearance in back of the vehicle and allows a garage area to be located in the rear under the bedroom allowing full use of the floor plan front to rear.
The other invention that The Kingsley Coach acquired is a system through which gray water from the showers, sinks and washer in a recreational vehicle can be used for the toilet function. This system will reduce the demand for fresh water in the vehicle, making the storage systems more efficient.
The inventions were acquired from Matco, Incorporated, a Minnesota corporation. The owners of Matco are Matthew Dickenson, George D. Carlson, and Jeannie Michels, all of whom are employees of Kingsley Coach. In consideration of the two inventions, Kingsley Coach issued to Matco, Incorporated five million (5,000,000) shares of its common stock.
Ralph Dickenson, Chairman of The Kingsley Coach, said: "Each of these inventions solves a significant problem facing owners of recreational vehicles. Our acquisition of these inventions should make our Kingsley Coaches even more competitive."