Featherlite Announces Resignation of Luxury Coach Division Head
1 November 2000
Featherlite Announces Resignation of Luxury Coach Division HeadCRESCO, Iowa, Nov. 1 Featherlite, Inc. , a leading manufacturer and marketer of specialty aluminum trailers and luxury motorcoaches, said today that Charles Dorrity, President of the Featherlite Luxury Coach Division, has resigned from the company for family and personal reasons. The company said it has no immediate plans to fill the position, but will be conducting an external search for a successor to Dorrity. About Featherlite Featherlite, Inc., is an innovative leader in designing, manufacturing and marketing high quality aluminum specialty trailers, transporters and luxury motorcoaches. With more than 75 percent of its business in the leisure, recreation and entertainment categories, Featherlite has highly diversified product lines offering 400 standard model and custom-designed aluminum specialty trailers, specialized transporters and luxury motorcoaches. Featherlite is the "Official Trailer" of NASCAR, Championship Auto Racing Teams (CART), Indy Race League (IRL), SPORTSCAR, Automobile Racing Club of America (ARCA), American Speed Association (ASA), World of Outlaws (W.O.O.) and the National Hot Rod Association (NHRA). Through its Featherlite Vantare and Featherlite Vogue product lines, Featherlite is the "Official Luxury Motorcoach" of NASCAR, IRL, SPORTSCAR, CART and NHRA. For more information about the company, please visit Featherlite's website at http://www.featherliteinc.com . Safe Harbor Statement under the Private Securities Litigation Reform Act: Statements in this release looking forward in time involve risks and uncertainties discussed here and in the company filings with the Securities and Exchange Commission, including product acceptance and demand in each segment of the Company's markets, the price of aluminum, competition, and facilities utilization. For more information, contact Doug Ewing of BlueFire Partners, 612-344-1036, for Featherlite, Inc., or Jeffery A. Mason, CFO of Featherlite, Inc., 319-547-6000.