Forbes RV Industry Article Recommended By Charter Equities

GILBERT, Ariz.--Charter Equities, Inc. encouraged its shareholders and potential investors today to take notice of the recent October 9, 2007 article in Forbes.com that featured the RV industry analysis of Edward Aaron of RBC Capital Markets who upgraded shares of Winnebago Industries Inc. from “Sector Perform” to “Outperform” based on stronger sales of the luxury Class A vehicles. The article quotes Mr. Aaron as saying that “higher prices and stronger sales of Class A and Class C vehicles will make for a better quarter, and those trends could last into fiscal 2008” http://www.forbes.com/feeds/ap/2007/10/09/ap4202546.html.

“This view of the luxury coaches lifting the RV market fits nicely with the Saddleback model of combining the luxury Class A lines of Travel Supreme and Foretravel through our recently announced LOI to acquire a second southern California dealership,” said Mat Curtner, President of Charter.

Charter recently began implementing its RV Consolidation Plan with the acquisition of Saddleback RV www.sadlebackrv.com. Saddleback is a highly visible recreational vehicle dealer in Colton, California. Saddleback operated from Irvine, California from 1991 before moving to its new, state-of-the-art, Colton dealership facility in 2006. Their new dealership includes a comfortable atmosphere and extensive service capabilities for the well-heeled RVer. With average annual sales of $24,938,000 the past four years, Saddleback has a recognized and well-established presence in the RV dealership community. Saddleback has exclusive marketing territories for the following products or manufacturers: 5^th Wheel Trailers by Carriage, Inc.; Toyhaulers by Dutchman; Class C and Class A motorhomes by Gulfstream and Four Winds, a division of Thor; and luxury motorhomes by Foretravel.

As a wholly owned subsidiary of Charter, Saddleback and this new proposed acquisition will continue to be managed by Michael Sebastian as Dealer Principal of the Saddleback dealership with the added responsibility of identifying potential acquisition candidates.

In addition to Saddleback and the RV acquisition plan, Charter currently invests in, owns and manages real estate in the Phoenix market through its other subsidiaries, Charter Investment Properties, Inc. and Charter Media and Marketing, Inc. www.charterequitiesgroup.com