Kingsley Coach, Inc. Expand Market: Delivers Additional Mobile Medical Unit and Exhibits RV's at Major Industry Shows
MIDDLEBURG, Pa.--Feb. 21, 2003--Kingsley Coach, Inc. (OTCBB:KNGS) announced that it has recently delivered a new mobile medical coach unit to CPS Innovations on behalf of a customer in the Kansas City area.This is the second Kingsley unit to incorporate a P.E.T. scanner. Both CTI /CPS and Hitachi Systems Marketing Group, the manufacture and distributor respectively, of the P.E.T. equipment have reported their satisfaction with the completed units. Additional orders for the medical coaches are expected in the near future as market awareness and acceptance for the co- developed brand builds.
Ralph Dickenson, CEO of Kingsley Coach, stated: "We are very excited with the results we are achieving in developing the P.E.T. market. We incurred substantially lower costs in producing this second unit, as our growing experience in this field enables us to achieve manufacturing efficiencies without any compromise in quality. We look forward to establishing the mobile P.E.T. scanner as a standardized product line, which will provide us improved gross margins."
Additional market branding for the Company and its primary product, the Kingsley Coach recreational vehicle, continues as it receive enthusiastic responses from the consumer audience. In January Kingsley exhibited at the Florida RV Super Show in Tampa, an RV with a garage outfitted with a hydraulic lift located under the RV's bedroom.
The new configuration elicited considerable interest, as viewers contemplated the possibility of driving their motorcycle or ATV right into the rear storage compartment of their RV. Kingsley coach intends to exhibit again at the Mid-America Truck Show in Louisville on March 20, 21 and 22. This will be Kingsley's fifth consecutive annual showing at the Mid- America Truck Show.
About CPS Innovations
http://www.cpspet.com/
CPS Innovations is focused on developing a new generation of products that will set a new standard of performance in the molecular imaging industry.
About Hitachi Medical Systems America, Inc.
http://www.hitachimed.com
Hitachi Medical Systems America, Inc. (HMSA), located in Twinsburg, Ohio markets advanced diagnostic medical imaging products to meet a variety of healthcare needs and has more than 1,200 Open Magnetic Resonance Imaging (MRI) systems installed throughout the United States and over 2,500 worldwide.
HMSA first established a leadership position in the medical industry with Open MRI systems and has expanded their modality offerings to include direct digital radiography, positron emission tomography, ultrasound and optical topography.
About Kingsley Coach, Inc.
Kingsley Coach, Inc. is a manufacturer of custom and standard recreational and specialized vehicles using a semi-truck chassis. The Company has manufactured and sold Kingsley Coaches since 1996. For more information on the Company, please visit http://www.kingsleycoach.com
Forward-Looking Information: The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. There are risks and uncertainties, which could cause the actual results of our operations to differ dramatically from the results suggested by this release.
Among the significant risks facing Kingsley Coach are the risk that it will not be able to fund significant growth unless it obtains additional capital, the risk that significant competition by industry participants much larger than Kingsley Coach could emerge, and the risk that expansion of operations, if it occurs, may produce inefficiencies.
The Company does not undertake to publicly update or revise its forward-looking statements, even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.