Coach Industries Group Announces Credit Facility; Industry Shows Strength as Ford Motor Company Announces Limousine Orders Up 150%

FORT LAUDERDALE, Fla.--April 12, 2004--Coach Industries Group, Inc. (OTCBB:CIGI) ("Coach") a holding company focused on the luxury automotive and limousine manufacturing industry, announced today that its wholly-owned subsidiary, Commercial Transportation Manufacturing Corporation (CTMC) (www.uscoach.com), has received a One Million Six Hundred Thousand Dollar ($1,600,000) credit facility from a private funding source. The facility is a two year agreement and will be used to finance inventory.

Separately, in February 2004, Ford Motor Company Limousine and Livery Manager, Mike Bedard, announced that, "Limousine and Livery orders are currently running at over 150% of last year...showing a recovery in our industry is underway."

Commenting on the announcement, Francis O'Donnell, President and Chief Executive Officer of CIGI commented, "This credit facility will allow us to more efficiently accommodate the growth we are experiencing at our CMTC limousine manufacturing subsidiary."

O'Donnell further commented, "Ford Motor Company's recent announcement of increased limousine orders further confirms our belief that we are beginning to see a significant cyclical upturn in business stemming primarily from pent-up demand from limousine operating companies which have deferred purchases of new limousines throughout the economic recession. Coach Industries is extremely well positioned to take advantage of this upturn in the market."

About Coach Industries Group, Inc.

Coach Industries Group, Inc. is a holding company focused on the luxury automotive and limousine manufacturing industry. Its two wholly-owned subsidiaries, Springfield Coach Industries Corporation, Inc. ("Springfield") (www.limoland.com) and Commercial Transportation Manufacturing Corporation ("CTMC") (www.uscoach.com), are among the largest and most respected limousine manufacturing companies in the United States.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.