Coach Industries Group, Inc. - 'CIGI' - Issues Fourth Quarter Guidance

COOPER CITY, Fla.--Feb. 1, 2005--

Projects in Excess of $55 Million in Revenues for Q4; Compared to $413,000 for the Comparable Quarter for 2003

Coach Industries (OTCBB:CIGI), which offers an array of financial services and insurance products to commercial fleet operators, today announced the following guidance for the fourth quarter ended December 31, 2004 and the remainder of fiscal 2004.

The Company expects to report revenues for the fourth quarter exceeding $55.0 million. This quarterly sales projection represents an increase of more than twice the amount of sales reported for the previous nine months of 2004 combined. For the full year, the Company expects revenues of in excess $82 million up from audited revenues of approximately $1.1 million reported for all of fiscal 2003.

Frank O'Donnell, Chairman and Chief Executive Officer of Coach Industries, commented: "Our recent acquisition of CDS, coupled with organic growth in our existing operations, has provided operating synergies facilitating ongoing revenue growth across our organization. The acquisition of CDS has expanded our financial services operations, allowing us to offer specialty financial services, and provide cross selling opportunities to create tremendous organic growth. Our management team has enhanced our sales processes and we have streamlined our manufacturing operations to facilitate greater profitability in the future. We began to recognize these operational improvements in December as the combined companies have achieved significant operating leverage across their respective sectors. We anticipate this trend will continue for the foreseeable future, including all of fiscal 2005. In 2005, we anticipate reaching profitability, as we achieve critical mass in the development of Coach as profitable, integrated solutions provider intended to simplify life for commercial fleet operators. CIGI is has emerged as the only firm in our industry able to offer our clients insurance, subcontractor settlement processing and vehicle manufacturing and financing. No assurances can be given that the Company will achieve the same revenues in 2005."

About Coach Industries Group, Inc.

Coach Industries Group, Inc. (OTCBB:CIGI) ("Coach"), is a holding company focused on providing financial services and the manufacturing of luxury limousine and specialty vehicles to Commercial Fleet Operators.

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.