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Thursday, September 02, 2004

 

CIGI OTCBB Penny Stock

Coach Industries Group Announces Board of Director Appointments: "Coach Industries Group Announces Board of Director Appointments

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Sept. 2, 2004--Coach Industries Group, Inc. (OTCBB:CIGI) ('Coach') a holding company focused on providing financial services and the manufacturing and sales of luxury limousine and specialty vehicles, announced today the appointment of three members to the Board of Directors of the Company effective September 1, 2004.


Francis O'Donnell, Chairman and Chief Executive Officer of Coach comments, 'In 2004 we delivered to our shareholders on promises to create a corporation focused on providing financial services and solutions to Commercial Fleet Operators. The Company successfully integrated two of the premier manufacturing companies in the Limousine Manufacturing Industry, Springfield Coach Industries and Commercial Transportation Manufacturing Corporation; secured warehouse lending facilities from Sovereign Bank to support our automotive lease product; and created Coach Financial Services to further develop financial services that satisfy the needs of Commercial Fleet Operators. In any business, a measure of success is the quality of the people a company attracts.' O'Donnell further stated, 'Today we deliver to our shareholders an experienced management team capable of driving our business and helping to create extraordinary share holder value.'
John Gore served as the President of Coach Financial Services since July 2004. Mr. Gore has 24 years of experience in the limousine manufacturing industry and as a provider of financial services to the limousine and transportation industry. From 1994 to 2003, Mr. Gore was the co-founder and Chief Executive Officer of United States Coach Wo"

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