Coach Industries Group -CIGI- Announces the Successful Completion of a $2 million Common Stock and Warrant Offering

COOPER CITY, Fla.--Dec. 7, 2005--Coach Industries Group, Inc. ("Coach") (OTCBB:CIGI) today announced the sale of $2 million of Common Stock and Warrants. The Common Stock and Warrants were not registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

Monarch Capital Group, LLC acted as sole placement agent in the offering which involved several institutional investors.

Francis O'Donnell, Chairman and Chief Executive Officer of Coach, commented that, "The additional funding will allow us to maintain our growth momentum as we finish the fourth quarter and position the Company for profitable growth in 2006."

About Coach Industries Group, Inc.

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

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 Coach's filings with the Securities and Exchange Commission.