Kon-Lin Initiates Coverage on Coach Industries Group

FORT LAUDERDALE, Fla.--Feb. 9, 2004--Coach Industries Group, Inc. (OTCBB:CIGI) ("Coach"), a diversified holding company focused on the luxury automotive and limousine manufacturing industry, announced today that the Kon-Lin Research and Analysis Corp., a leading stock market research and newsletter service, has initiated coverage of Coach Industries Group, Inc. in its February 2004 letter.

In the write up, Kon-Lin noted that: "CIGI has recently received new orders for limousines totaling $3 million....and that based on current auto flow and market activity, CIGI expects to be profitable for FY '04, with revenues exceeding $25 million." Kon-Lin stated a, "1st objective of $4 - $5" for the stock and an "Ultimate target of $6 - $7." Kon-Lin received no compensation for publishing its report on CIGI.

About Kon-Lin Research & Analysis Corp.

The Kon-Lin Letter (www.KonLin.com) has been a respected independent investment research and advisory newsletter organization for over two decades. Kon-Lin specializes in analyzing and recommending low-priced stocks under $10 with an emphasis on emerging growth and special situations poised for significant price appreciation. The Kon-Lin Letter has constantly been one of the leading publications on Wall Street, and has been rated one of the best performing market letters in the nation. Kon-Lin Research & Analysis Corp. does not accept compensation for its analysis or recommendations.

About Coach Industries Group, Inc.

Coach Industries Group is a diversified holding company focused on the luxury automobile and limousine manufacturing industry. Its wholly-owned subsidiaries, Commercial Transportation Manufacturing Corporation (http://www.uscoach.com), based in Bohemia, NY and Springfield Coachbuilders, Inc. (www.limoland.com) based in Springfield, MO are two of the largest limousine manufacturers in North America. Both subsidiaries are a Quality Vehicle Modifier (QVM) through Ford Motor Company and a Cadillac Master Coachbuilder (CMC) through the Cadillac Division of GM. Over 70% of the limousine service operators (customers and prospective customers for CIGI) reside within the geographic footprint covered by CIGI's subsidiaries.

SAFE HARBOR STATEMENT: This news release contains "forward-looking statements" that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that our products may not achieve customer acceptance or perform as intended, that we may be unable to obtain necessary financing to continue operations and development, and other risks identified in our annual report on Form 10-K and other filings with the SEC. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof and Coach Industries Group, Inc. undertakes no obligation to update such statements.