2008-10-02 23:17:02 -
- Investors: Turning Wheel Holdings, Inc. Marco Martinez, 352-368-6645 rvabc@aol.com OR Lippert/Heilshorn & Associates Amy Gibbons, 212-838-3777 agibbons@lhai.com Turning Wheel Holdings, Inc. (TWHI:PK), one of the largest recreational vehicle ("RV") dealerships in the Southeast, has reached an agreement with Monaco Coach Corp. (NYSE: MNC) to open a service center and dealership at the former Monaco Service Center location in Elkhart, Indiana.
The Turning Wheel RV Center, to be located at 1901 West Hively Street in Elkhart, will be an authorized service and warranty center for all of Monaco Coach Corporation's brands of RVs including Monaco, Holiday Rambler, Beaver, Safari and McKenzie. The dealership will also offer Monaco brand gas and diesel motorhomes for sale.
"We are extremely pleased
Turning Wheel RV will continue to provide the expert service our customers are accustomed to," said John Nepute, President of Monaco Coach Corporation. "We were committed to retaining a major service presence in the Midwest, and this service center in Elkhart, Indiana, staffed with experienced and trained technicians, is a vital component of servicing our customers."
"This agreement is an important step for Turning Wheel toward becoming a national provider of RV sales and service capabilities," said Marco Martinez, President of Turning Wheel. "The Monaco product enjoys one of the finest reputations in our industry and we are honored that they have chosen us to assume operation of this facility and service their loyal Midwest customers. As we broaden our platform, having our sales and service capabilities in close proximity offers a clear advantage for customers/RV owners and is the model we will pursue as we continue to grow and expand our business/footprint nationwide."
The Turning Wheel RV Center is headquartered in Ocala, Florida with seven other locations in the Southeastern United States including Mississippi, Alabama, West Virginia and Georgia.
About Turning Wheel Holdings, Inc.
Turning Wheel Holdings, Inc. ("the Company") is a multi-location recreational vehicle dealership currently located in seven (7) states throughout the Southeast. In addition to the sale of new and used vehicles, the Company offers its customer an extensive array of finance and insurance products and high quality parts and services. The Company reported revenues of $61.3 million in 2007. For more information about Turning Wheel please visit the Company's website at www.turningwheelrv.com.
About Monaco Coach Corporation
Monaco Coach Corporation, a leading national manufacturer of motorized and towable recreational vehicles, is ranked as the number one producer of diesel-powered motorhomes. Dedicated to quality and service, Monaco Coach is a leader in innovative RVs designed to meet the needs of a broad range of customers with varied interests and offers products that appeal to RVers across generations. Headquartered in Coburg, Oregon, with manufacturing facilities in Indiana, Monaco Coach employs approximately 2800 people. The Company offers a variety of RVs, from entry-level priced towables to custom-made luxury models under the Monaco, Holiday Rambler, Safari, Beaver, McKenzie, R-Vision and Dodge brand names. The Company maintains RV service centers in Harrisburg, Oregon, and Wildwood, Florida and operates motorhome-only resorts in California, Florida and Nevada.
For additional information about Monaco Coach Corporation, please visit www.monaco-online.com or www.trail-lite.com.
Forward Looking Statements
Some of the statements contained in this news release that are not historical facts are forward-looking statements. These forward-looking statements include the company's plans, strategies, intentions and beliefs concerning its business and markets in which it operates. Without limiting the foregoing, the words "believes," "anticipates," "plans," "expects," "intends" and similar expressions are intended to identify certain forward-looking statements. These statements are based on information currently available to the company and it assumes no obligation to update the forward statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from the forward-looking statements. These risks include, but are not limited to, the company's ability to predict its financial performance, the level of market demand for its services, the highly-competitive market for the types of services offered by the company, the impact of competitive factors on profit margins, market conditions that could cause the company's customers to reduce their spending for its services, the company's ability to create, acquire and build new businesses and to grow its existing business, attract and retain qualified personnel and general market conditions.
- Assumes Operations from Monaco Coach Corporation -
