Workhorse Selects Dave Olsen as President

UNION CITY, Ind., Nov. 24, 2003 -- Dave Olsen has been appointed president of Workhorse Custom Chassis. Workhorse, a subsidiary of GVW Holdings, Highland Park, Ill., is a leading manufacturer of motor home, bus, and walk-in truck chassis as well as complete walk-in trucks. Olsen joined GVW Holdings in 2001 as President of GVW Parts, another subsidiary of GVW Holdings, where he was most responsible for integrating four separate aftermarket entities into one seamless organization.

"Dave quickly took charge of a challenging situation and made rapid improvements in our parts operations," said Andrew Taitz, chairman and chief executive officer of GVW Holdings. "He has shown an outstanding commitment to customer service and understands what it takes to get customers the products they need, when they need them. We welcome his leadership of the customer-driven team we have assembled at Workhorse."

Prior to joining GVW Holdings, Olsen served as executive vice president at TransCom USA. Previously, he was general manager at Meritor Automotive, overseeing the $275 million North American Aftermarket Division. Olsen began his career with Allied Signal.

Workhorse Custom Chassis is ISO 9001 certified with manufacturing facilities in Union City and Hagerstown, Ind., and corporate headquarters in Highland Park, Ill. For more information call toll-free 877-294-6773 or visit www.workhorse.com .

NOTE TO EDITORS: Photo available by contacting Mike Knaack of TaigMarks, Inc. at +1-574-294-8844, or email, mknaack@taigmarks.com