National RV Holdings Announces the Acquisition of 20 Acres of Land
22 April 1999
National RV Holdings, Inc., Announced Today the Acquisition of 20 Acres of LandPERRIS, Calif., April 22 -- National RV Holdings, Inc., announced today the acquisition of 20 acres of land across the street from its current production facility in Perris, CA. The property is intended to enable the Company to both expand its current operations and provide for additional service and production capabilities. Wayne Mertes, National's President and CEO stated, "Due to the continued strong demand for the Company's product, we are pleased to announce today this acquisition of land. Our plans call for the expansion of the current facility and construction of a new 120,000 square foot facility by the end of the year 2000. Upon its completion, one of the principal features of this new site will be the inclusion of a 30-bay service area that will include 4 bays to be used for the servicing of Country Coach product. In addition, 90,000 square feet of this property will be used for production of all fifth-wheel products and any new innovative products the Company introduces in the future." National RV Holdings, Inc, is one of the nation's leading manufacturers of Class A motorhomes. Through its National RV subsidiary, the Company designs, manufactures and markets Class A motorhomes and fifth-wheel travel trailers under brand names including Dolphin, Sea Breeze, Tropi-Cal, Tradewinds, Surf Side and Sea View. Through its Country Coach subsidiary, the Company designs, manufactures and markets high-end (Highline) Class A motorhomes and bus conversions under brand names including Concept, Affinity, Magna, Intrigue and Allure. This release and other statements by the Company contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested due to certain risks and uncertainties including, without limitation, the cyclical nature of the recreational vehicle industry, seasonality and potential fluctuations in the Company's operating results; the Company's dependence on chassis suppliers, the integration by the Company of acquired businesses and management of growth; potential liabilities under repurchase agreements; competition; government regulation; product liability; dependence on key personnel and dependence on certain dealers and concentration of dealers in certain regions. Additional information concerning certain risks and uncertainties that could cause actual results to differ materially from that projected or suggested is contained in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or from the Company upon request.