Coach Industries Group, Inc. - 'CIGI' - Establishes Banking Relationship with Wachovia Bank

COOPER CITY, Fla.--April 25, 2005--Coach Industries (OTCBB:CIGI), which offers an array of financial services and insurance products to commercial fleet operators, today announced it has established an overall banking relationship with Wachovia Bank, N.A.

Susan Weisman, Chief Financial Officer of Coach Industries, commented, "The relationship with Wachovia allows Coach to free up $1.5 million of cash collateral, associated with its current facility. The released cash will enable Coach to execute more efficiently against our business plan. We look forward to a long and prosperous relationship with Wachovia and anticipate our banking requirements growing as the Company expands and establishes itself as the premier provider of services to commercial fleet operators. The new relationship should assist us in continuing to expand our services and accomplish our financial objectives for 2005."

Robert Lefebvre, President of Subcontracting Concepts, Inc., commented, "Wachovia has exceeded our expectations. We look forward to expanding the services offered to our drivers through Wachovia and we believe that the overall coverage that Wachovia provides will help us meet our drivers day to day banking requirements."

About Coach Industries Group, Inc.

Coach Industries Group, Inc. (OTCBB:CIGI) 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.