Kingsley Coach, Inc. Prevails in Legal Action
7 June 2000
Kingsley Coach, Inc. Prevails in Legal Action
MIDDLEBURG, Pa. - Kingsley Coach, Inc., announced today that an Arizona court ruled in favor of Kingsley regarding contract litigation brought by a public relations firm.
The court ruled last week, in favor of Kingsley Coach, and against Corporate Imaging who filed a suit claiming Kingsley should pay hundreds of thousands of dollars for public relations and investor relations services allegedy performed in late 1998 and early 1999. Kingsley denied the validity of a contract and disputed that services were ever performed. The Court agreed.
The Court further awarded Kingsley reimbusement of legal fees incurred to defend the suit. Speaking from his corporate office in baton Rouge, Kingsley's trial counsel and corporate attorney Brad Rhorer said "Kingsley Coach pays its legitmate debts, but do not come to us with your hand out."
Kingsley Coach is a manufacturer of unique, high quality, motorcoaches and extended sleepers with slide-outs on a heavy duty truck chassis. The unique design of the Kingsley Coach, with the engine in front, provides for several advantages over traditional rear engine units, including safety, durability, flexibility, and ease of service.
The Kingsley product line is designed for both recreational and commercial use and is produced in conjunction with a strategic manufacturing alliance at the Thor America plant in Middleburg, PA. Thor America, Inc., a Thor industries company, is the second largest RV manufacturer in the USA.
Note: This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current plans and expectations of Kingsley and involve risks and uncertainties that could cause actual future activities and results of operations to be materially different from those set forth in the forward looking statements.
Important factors that could cause actual results to differ include, among others, risks associated with acquisitions, changes in government regulations, competition, and risks of operations and growth projections.