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Rexhall Industries Ranked One of America's Fastest Growing Companies

23 August 1999

Rexhall Industries Ranked One of America's Fastest Growing Companies

    LANCASTER, Calif., Aug. 23 -- Individual Investor magazine
has named RV maker Rexhall Industries, Inc. one of America's
100 Fastest Growing Companies.
    Rexhall, the Lancaster, Calif.-based manufacturer of Class A motorhomes,
made the select list by posting a 121.1% increase in earnings per share and a
minimum of 20% revenue growth in the first quarter ended March 31, 1999.
Rexhall reported a 56% increase in net revenues in the period.  The ranking
was reported in the recently released September 1999 issue of Individual
Investor.
    "It's an honor to be recognized as a leader among the thousands of
publicly traded companies," said William J. Rex, Rexhall chairman, president
and CEO.  "Looking forward, continued sales growth of our innovative RV
products and a strong emphasis on sustained margin improvement should keep
Rexhall firmly planted at the forefront of the RV industry."
    Rexhall Industries continued its strong earnings growth in the second
quarter, contributing to year-to-date net earnings growth of 67% through June
30, 1999.
    "This is an exciting time to be in the RV industry, and we believe Rexhall
has the right products at the right time to maintain our strong pace," added
Rex.
    The $16 billion RV industry is on a near-record pace through the first
half of 1999, as baby boomers, who are aging and have considerable disposable
income, continue to flock to the RV lifestyle.  Another testament to the
strength of the RV market was the inclusion of a total of three RV
manufacturers on the Individual Investor list of America's 100 Fastest Growing
Companies.
    Rexhall Industries, Inc. (http://www.rexhall.com ) designs, manufactures and
sells various models of Class A motor homes used for leisure, travel and
outdoor activities.  Rexhall's six lines of Class A motor homes, sold through
approximately 100 dealer locations across the U.S., Canada and Europe, include
Aerbus, RexAir, Vision, American Clipper, Anthem and RoseAir.
    Our expectations are forward-looking statements, based on assumptions and
facts known to us today, and we do not intend to update statements in this
report.  While we have enjoyed good results, our business is both seasonal and
cyclical.  We are subject to increases in materials costs, and pricing and
other pressures from substantially larger competitors, labor disruptions, and
adverse weather.  The reduced production of oil by OPEC members may reduce
sales of motor homes.  Management intends to remain aware of these factors and
react to them, but cannot predict their timing or significance.