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Emergency Tornado Relief Announcement: All American Homes Is Prepared to Assist Weld County Tornado Victims


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© Business Wire 2008
2008-05-24 00:02:39 -

www.allamericanhomes.com - All American Homes, LLC (NYSE:COA) of Milliken, Colorado, announced today it will work closely with local relief authorities to help bring permanent and emergency shelter to the victims of the Windsor, Colorado area tornado.

Although details of the plans are not finalized, All American plans to offer affected residents significant discounts for replacement homes. Homes built for

tornado victims will be treated as a top priority to accelerate construction and minimize the time families are displaced. Additionally, All American Homes is positioned to provide temporary shelter, through its sister recreational vehicle division, to families whose homes are being rebuilt.

"These are our neighbors just 12 miles away, and we want to do everything we can to assist them," stated Rick Bedell, president of All American Homes. "It comes down to neighbors helping neighbors," he concluded. As part of this commitment, All American Homes has offered use of equipment to help in the clean up and rebuilding efforts.

For tornado relief assistance contact Dann Stark at 970/412-8105.

All American Homes has been building quality single and multi-family residences since 1970. Homes up to 3,500 square feet are offered through a network of over 450 independent builders in 30 states. Log homes are offered under the Ameri-Log Homes(R) brand. All American Homes is also a proud builder of barracks for the United States military under its All American Building Systems subsidiary.

Coachmen Industries, Inc. is one of America's leading manufacturers of recreational vehicles, systems-built homes and commercial buildings, with prominent subsidiaries in each industry. Through ALL AMERICAN HOMES(R) and MOD-U-KRAF(R), the Company is one of the nation's largest producers of systems-built homes, and also a major builder of commercial and multi-family residential structures with its ALL AMERICAN BUILDING SYSTEMS products. Coachmen Industries, Inc. is a publicly held company with stock listed on the New York Stock Exchange (NYSE) under the ticker COA.

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned not to place undue reliance on forward-looking statements, which are inherently uncertain. Actual results may differ materially from that projected or suggested due to certain risks and uncertainties including, but not limited to, the potential fluctuations in the Company's operating results, increased interest rates the availability for floorplan financing for the Company's recreational vehicle dealers and corresponding availability of cash to Company, uncertainties and timing with respect to sales resulting from recovery efforts in the Gulf Coast, uncertainties regarding the impact on sales of the disclosed restructuring steps in both the recreational vehicle and housing and building segments, the ability of the company to generate taxable income in future years to utilize deferred tax assets and net operating loss carry-forwards available for use, the impact of performance on the valuation of intangible assets, the availability and the price of gasoline, price volatility of raw materials used in production, the Company's dependence on chassis and other suppliers, the availability and cost of real estate for residential housing, the supply of existing homes within the company's markets, the impact of home values on housing demand, the impact of sub-prime lending on the availability of credit for the broader housing market, the ability of the Housing and Building Group to perform in new market segments where it has limited experience, adverse weather conditions affecting home deliveries, competition, government regulations, legislation governing the relationships of the Company with its recreational vehicle dealers, dependence on significant customers within certain product types, consolidation of distribution channels in the recreational vehicle industry, consumer confidence, uncertainties of matters in litigation, current litigation relating to and Congressional inquiry surrounding the Company's use of components containing formaldehyde in its products, further developments in the war on terrorism and related international crises, oil supplies, and other risks identified in the Company's SEC filings.

All American Homes, LLC
For product information:
Mike Donley, 260-724-9171
Marketing Manager, All American Homes
or
For investor or financial information:
Tom Gehl, CFA, 574-825-8776
Director of Planning and Investor Relations


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