Coach Industries Group, Inc. - CIGI - Mandates Dresdner Bank to Secure up to a $100 Million Securitization Facility

COOPER CITY, Fla.--Dec. 5, 2005--Coach Industries Group, Inc. ("Coach") (OTCBB:CIGI), which offers an array of financial services to commercial fleet operators, today announced an agreement mandating Frankfort, Germany based Dresdner Kleinwort Wasserstein (Dresdner Bank AG) to structure up to a $100 million dollar securitization facility to support the newly acquired FleetPlan subsidiary. FleetPlan is focused on providing financial services to both franchised and independent daily auto rental companies. Dresdner Bank AG, a wholly-owned subsidiary of the Allianz Group, offers customers a wide range of insurance and finance products.

"The Dresdner facility provides FleetPlan with a significant competitive advantage in capturing market share in the $18 billion U.S. daily auto rental market. Although subject to due diligence and final credit approval by Dresdner Bank AG, we believe this will be a cornerstone segment of our business and have a significant impact on our growth," remarked Francis O'Donnell, Chairman and CEO of Coach. "FleetPlan's relationship with both domestic and foreign automobile manufacturers enables the company to continue simplifying the lives of commercial fleet operators in the daily rental industry. We continue to enhance our ability to provide a total financial solution including lease services, payroll products, and insurance for operators. FleetPlan represents a $50 to $80 million lease portfolio opportunity for CIGI. The relationship with Dresdner Bank AG will significantly enhance Coach's ability to achieve our long-term financial goals," continued O'Donnell.

"Our progress into the securitization and capital markets will produce efficiencies in the area of treasury, lowering our cost of funds, and enabling us to support the FleetPlan business model in an efficient and cost effective manner," further commented Susan Weisman, CFO of Coach. "We are looking forward to working with Dresdner as the relationship bolsters our potential for strong, long-term profitability and shareholder value."

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.

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