Kingsley Coach Announces Second Production Plant
28 September 2000
Kingsley Coach Announces Second Production Plant
MIDDLEBURG, Pa.--Sept. 28, 2000--The Kingsley Coach, Inc. (OTC-BB:KNGS) announced today that it will supplement its current production by setting up and commencing production at its Minnesota facility in early November.The Company has completed its feasibility study regarding Kingsley Coach production at its 10,000 square foot facility in Ramsey, Minnesota, part of the greater Minneapolis metropolitan area. Supplemental production at the Minnesota facility should increase Kingsley's production capacity by 15% to 25%.
Kingsley's engineering and design department is already operating out of the Minnesota location. Terry Watkins, Kingsley's Chief Executive Officer, said, "This is the quickest and least expensive way to increase our current production rate: we already have the facility; tooling up costs will be minimal; quality labor is available in the area; and our design engineers are on-hand to assist in production training."