Message #11 From:
Stock News Bot Date: December 8, 2005 05:30:00 AM
CIGI News Coach Industries Group, Inc. -CIGI- Appoints Neal Chaloupka as Director of Operations for Coach Financial Services
COOPER CITY, Fla.--(BUSINESS WIRE)--Dec. 8, 2005--Coach Industries Group, Inc. ("Coach") (OTCBB:CIGI), which offers an array of financial services to commercial fleet operators, today announced the appointment of Neal Chaloupka as Director of Operations for Coach Financial Services, Inc.
Mr. Chaloupka served as Portfolio Manager for FleetPlan, LLC since September of 2000, which was recently acquired by Coach as announced on November 28, of this year. He has over thirteen years of extensive securitization and wholesale credit experience with both public and private companies.
Susan Weisman, Chief Financial Officer of Coach, stated, "Neal's experience in the securitization and wholesale credit markets will strengthen and provide the professional leadership to support our business model for 2006. We are delighted to have Neal join our team."
"I am excited to join Coach's team, where I hope to add strength to the sales effort as we continue to build a strong credit environment for the fleet industry. Coach provides an excellent opportunity for dynamic growth and profitability in the niche they have established in the market, which is a primary reason I have joined their efforts to help establish Coach as a leader," said Neal Chaloupka, Director of Operations.
Coach Industries Group, Inc. (OTCBB:CIGI) ("Coach"), is a holding company focused on providing financial services and the manufacturing of luxury limousine and specialty vehicles to Commercial Fleet Operators.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
