Kingsley Coach Announces Merger
1 February 1999
Kingsley Coach Announces MergerMIDDLEBURG, Pa., Feb. 1 -- Kingsley Coach Inc. (OTC Bulletin Board: KNGS) announced the completion of an agreement whereby Micro Hydro Power Inc. (MPHI), a Delaware Corporation and The Kingsley Coach L.L.C., a Louisiana limited liability company effected a plan to merge with acquisition and exchange of assets. The agreement, completed in January 1999, calls for Kingsley to receive about 9.4 million shares of Micro HydroPower Inc. is a stock for stock deal. The SEC current report 8K-A2 was also filed detailing the agreement. Kingsley Coach is a unique, high quality customized motor coach designed for both recreational and commercial applications. The new "Camelot" model is built on a heavy duty truck chassis, up to 45' long, 102" wide and 400-600 HP. A unique benefit is the chassis design which enables the coach to be assembled utilizing standard trucks manufactured by Peterbilt, Freightliner, Kenworth, Int'l., Volvo and others. Basic Camelot and "Custom" units retail for $236,990 and $450,000 respectively, depending on features requested. Kingsley markets its product to the high end RV motorhome market in addition to special applications for the entertainer markets, racecar circuits, mobile medical units and other commercial use. A major market advantage this unique design provides is the ability of a Kingsley Coach to have the power unit serviced at any truck stop in the USA and Canada. For further information on Kingsley Coach, visit the Company's web site at: http://www.kingsleycoach.com. Corporate Advertising and Public Relations handled by Corporate Imaging For further information, contact Neil Rand: Telephone: (602) 504-9230 or Facsimile: (602) 504-9252 Information herein was derived from sources seeming to be reliable. No Assurance can be made that the information is accurate, or that projected results will be achieved. Statements in this release are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Act of 1995. Investors are cautioned that like forward looking statements, certain risks and uncertainties are involved, including without limitation, continued acceptance of the company's services, increased levels of competition for the company and dependence on the performance of the management of the company.