Holiday RV Superstores Announces Board Changes
27 July 1999
Holiday RV Superstores Announces Board ChangesORLANDO, Fla., July 27 -- The board of directors of Holiday RV Superstores, Inc. today announced it has named William E. Curtis, David J. Doerge and Ronald G. Huneycutt as directors. The Orlando, Fla.-based chain of RV and marine dealerships said the appointments reflect the recent change in ownership of Holiday RV and the Company's new direction, which is aimed at aggressive industry consolidation. Atlas Recreational Holdings, Inc., a Florida-based investment group, acquired a controlling interest in Holiday RV earlier this month. The new directors join existing board members Michael S. Riley, W. Hardee McAlhaney, David A. Kamm and Paul G. Clubbe on Holiday RV's seven-seat board of directors. The Company also announced the resignations of directors Newton C. Kindlund, Joanne M. Kindlund, Roy W. Parker, Harvey M. Alper and James P. Williams. "We are building the board and leadership team resources to make Holiday RV the leading platform for acquisitions in the RV and marine dealership market," said Holiday RV Superstores Chairman Michael Riley. "The diverse experience of these new directors, coupled with the current board members' intimate knowledge of the leisure industry, will make for a formidable team to lead Holiday RV into the future." Riley added that Company founders Newton and Joanne Kindlund will continue to consult with Holiday RV on strategic growth initiatives. William Curtis, 40, is principal of the Chicago-based financial advisory and leveraged buyout firm Curtis and Associates, Inc. Curtis previously served in a number of senior management and marketing positions at financial services and investment banking firms, most recently as regional vice president of a corporate finance firm. Curtis also has extensive background as a corporate franchise director and as a multi-unit franchisee of a national chain. David Doerge, 47, is president of Doerge Capital Management, a division of Balis, Lewitts & Coleman, Inc., which manages in excess of $1 billion. Doerge Capital Management invests in private equity transactions in the consumer products, manufacturing, telecommunications, retail, technology and service sectors and has been involved with numerous industry roll-ups. Prior to founding the firm in 1994, Doerge spent 19 years with the global banking and brokerage firm Goldman Sachs. Ronald Huneycutt, CPA, is a director and chief financial officer of Atlas Healthcare, Inc., a Miami-based holding company for healthcare-related companies. Huneycutt, 56, previously served as vice president of finance and chief financial officer for a number of publicly traded and privately held healthcare staffing chains. He also was a partner and spent 17 years in the Miami office of Coopers & Lybrand. Holiday RV Superstores (http://www.holidayrv.com) is the nation's only publicly traded chain of dealerships specializing in sales of recreational vehicles and boats. The Company sells, services and finances more than 50 RV and boat brands -- including Winnebago, Fleetwood, Airstream, Beaver, National RV, Bayliner, Sea Ray and Mariah -- from its chain of seven dealerships in California, Florida, New Mexico and South Carolina. The statements contained in this news release include certain predictions and projections that may be considered forward-looking statements under securities laws. These statements involve a number of risks and uncertainties that could cause results to differ materially including, but not limited to, the performance of the recreational vehicle or boat industries, certain customers or affiliated companies, as well as other economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and prices.