Coach Industries Group Secures $6.0 Million Equity Commitment from Fusion Capital

FORT LAUDERDALE, Fla.--May 2, 20045, 2004--Coach Industries Group, Inc. (OTCBB:CIGI)("Coach") announced today it has entered into a financing agreement with Fusion Capital Fund II, LLC, a Chicago based institutional investor, whereby Fusion Capital shall fund up to $6.0 million through the purchase of a maximum of 4.0 million shares of the Common Stock of Coach, subject to the shares being registered on a Form SB-2 with the Securities and Exchange Commission. These funds will be used for working capital and, according to Francis O'Donnell Chairman and CEO of Coach, "to pursue our acquisition strategy and strengthen our position as a leading manufacturer in the luxury automotive and limousine market place through our two operating subsidiaries, Springfield Coach Industries Corporation, Inc. and Commercial Transportation Manufacturing Corporation."

``This capital commitment demonstrates significant confidence in the future of Coach and its current management team,'' commented O'Donnell, "This financing gives us tremendous flexibility and greater financial security," Mr. O'Donnell added. Mr. O'Donnell continued, "We expect Fusion Capital to be a valuable and long-term financial and business partner for Coach.''

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.

About Fusion Capital

Fusion Capital Fund II, LLC (www.fusioncapital.com) is a broad based investment fund, based in Chicago, Illinois. Fusion Capital makes a wide range of investments ranging from special situation financing to long-term strategic capital. Fusion Capital invests in publicly traded companies that demonstrate a clear business vision and the ability to execute on this vision.

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.