Tuesday, October 28, 2008

Kingsley Coach to offer RV Motorhome Rentals

ZIMMERMAN, Minn., Oct. 28 -- Kingsley Coach, Inc. announces the Company will be establishing a short term rental and leasing subsidiary in order to help increase the Company's revenue streams. Kingsley has found a need to focus its business on the short-term rental of Kingsley custom coaches, as well as motor homes made by other manufacturers.

The motor home market has had considerable increases in the number of sales in the last decade, from 2001 to 2004; motor home ownership increased over 39%. According to the U.S. Census Bureau and the RV Rental Assoc. RV rental has become a $350 million a year business and is likely to increase with sales of motor homes dipping in the last year as well as the current down turn in the financial sector; the average age for motor home ownership is 49.

"Custom Motor homes like those Kingsley sells on a commercial chassis, combined with new technology and amenities are in significant demand. It is believed that by offering rental options to our customers, we can provide a wide array of Kingsley coaches to a broader base of RV buyers." stated Allan Smethers, CEO of Kingsley Coach, Inc."
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