KIT Signs Non-Binding Letter of Intent to Sell RV Division
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KIT Manufacturing Company (AMEX: KIT) announced today that it
has signed a non-binding
Letter of Intent under which KIT's RV Division sales manager,
Scott Thorpe, will acquire all of the
assets of KIT's RV Division. The Letter of Intent contemplates
execution of a definitive agreement by
November 8, 2002. The Company will retain all assets and
liabilities related to its Manufactured
Housing Division and will continue its operations as a top 10
seller of manufactured homes in the
western U.S.
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Under the terms of the Letter of Intent, Mr. Thorpe will pay KIT
$1.75 million in cash and will
assume RV Division debt and liabilities in an aggregate amount
of approximately $5.5 million in
exchange for all of the assets related to KIT's RV Division. The
acquisition will be financed by
Progressive Investment Group, based in Fountain Valley,
California.
"We are very pleased to enter into this Letter of Intent
for the sale of KIT's RV Division," said Dan
Pocapalia, KIT Chairman and CEO. "The execution of a definitive
agreement for the sale of the RV
Division will allow Kit to focus on its Manufactured Homes
operations, which have produced positive
EBITDA for the Company in each of the past 6 years. We believe
this transaction will significantly
strengthen KIT's balance sheet and leave the Company better
poised for future success."
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"I am very excited to continue KIT's tradition as America's
value leader in manufacturing RVs,"
said Mr. Thorpe. "Dan Pocapalia founded KIT 58 years ago
and has built a strong track record of providing
dealers and consumers with innovative RV products manufactured
to the highest standards. I
feel privileged to be able to continue the KIT tradition."
KIT Manufacturing Company, headquartered in Long Beach,
California, is a leading producer of
recreational vehicles and manufactured homes. KIT manufactures
RVs and manufactured homes from
facilities in Caldwell, Idaho. KIT makes RVs
under well known brand names such as Road
Ranger, Companion, Millennium and Extreme.
Additionally, KIT also constructs both singlesection
and multi-section manufactured
homes under brand names that include
Cypress, Chateau, Sierra XL, Sunrise and
Golden State. The Company sells its products
through a network of more than 160 dealers
in the western US and Canada and a whollyowned
manufactured homes retail facility.
Coachmen’s Claire Skinner Elected RVIA Chairman of the
Board
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The RVIA Board of Directors elected
Coachmen Industries Chairman, CEO and
president Claire Skinner to the position of
RVIA Chairman of the Board during the annual
election of officers at its September 14
meeting in Williamsburg, VA.
A member of RVIA's Board of Directors
since 1995 and an officer since 1997, Skinner
has served on numerous RVIA committees
including the Public and Legislative Affairs
Committee (1997 - present and current chairman),
the Strategic Planning Committee (1997
- present), the Go RVing Coalition (1996-present),
the Nominating Committee (1996), the
Public Relations Committee (1993-1998), the
Market Information Committee (1991-93) and
various subcommittees and task forces.
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Skinner has been chairman of the
Board, CEO and president of Coachmen Industries, Inc. since
1999, where prior to that she served as
chairman of the Board and CEO, 1997-99, vice chairman and
executive vice president, 1995-97,
director, 1993-present, and executive vice president, 1990-97.
She also served as president of
Coachmen's subsidiary, Coachmen RV Company, 1987-97, and vice
president and general manager of
Coachmen RV Company, 1985-87. She began her career with Coachmen
as vice president of advertising
and public relations for Coachmen Industries, 1983-85. Skinner
worked as a civil litigation
attorney before joining Coachmen in 1983.
In addition to her RVIA service and tenure with Coachmen,
Skinner has served on the Board of
Directors for the Florida RV Trade Association (FRVTA) since
1993.
"The Board has elected a proven leader to the position of
Chairman," said RVIA president Dave
Humphreys. "Claire has been an active and instrumental
player in many capacities within the industry
and the association, and I look forward to working with her as
chairman during the coming year."
The Board also elected as its officers Winnebago Industries
chairman, president & CEO Bruce
Hertzke as first vice chairman; Cummins Equipment/Onan
Corporation director of RV sales & marketing
Richard Coon as second vice chairman; Western RV president/CEO
Ron Doyle as secretary;
and Atwood Mobile Products Executive vice president Carl
Pfalzgraf as treasurer. Officers make up
the RVIA Executive Committee that also includes immediate past
chairman Walt Bennett, of Thor
Industries and RVIA president Dave Humphreys.
New Board Members Appointed
Appointed by the Board for one-year terms were Fleetwood senior
vice president, secretary and general counsel Forrest Theobald (at-large) and Newmar president
Dick Parks (towable), filling vacancies left by the recent resignation of Fleetwood's Glenn Kummer and
the recent passing of Newmar's Virgil Miller. Theobald and Parks will have the option to run
for re-election to those seats during the 2003 elections.
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Board Approves $ll.5 Million Budget
RVIA's Board of Directors approved an $11.5
million balanced budget for fiscal year 2003 at its
September 14 meeting in Williamsburg, VA.
The FY2003 budget will allow RVIA to go forward
with all ongoing programs and several new
ones, as well as catch up on a number of items
that were deferred during the last several years
when funds were very tight.
Projected increases in new RV shipments,
strong exhibit space sales at both the National RV
Trade Show and the California RV Show, and stable
membership numbers combined to help staff
present a balanced, increased budget for FY2003.
"The RVIA staff and Executive Committee
worked diligently to be able to present a balanced
budget to the Board that includes some new programs
and projects but holds the line on membership
dues," said RVIA president Dave Humphreys.
"Considering the current state of the economy and
other travel-related industries, we feel very fortunate
that we are able to present a balanced budget."
The Executive Committee met in August and
prepared a final budget which was presented to
the full Board for final approval.
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Good Sam Teams with NADAguides.com
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The Good Sam Club, the world’s largest organization of
RV owners, has teamed with NADAguides.com, to offer
extended RV warranties online.
The Continued Service Plan (CSP) was designed by
Affinity Brokerage Inc. to provide full-service mechanical
breakdown insurance for the owners of new or used
motorhomes, travel trailers and tow vehicles.
CSP covers maintenance and repair costs to the components
of every major RV system including the coach,
engine, appliances and accessories. Additionally, it covers
lodging, meals and rental car expenses during the RV
repair process.
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Free CSP quotes are available by visiting the
NADAguides website, www.nadaguides.com, and selecting
"Recreational Vehicles." Then, choose "Free
Warranty
Quote" listed in the "Tip & Resource Center."
"We launched this service to give RV owners extra comfort
when it comes to unexpected breakdowns – breakdowns
that can break the bank if you’re not careful," said
Lenny Sims, vice president of NADAguides.com.
Meanwhile, Scott Blanc, executive director of CSP, said,
"This is a perfect partnership for the Good
Sam Club. CSP is an ideal product specifically designed for
people who enjoy the RV lifestyle."
Good Sam is a unit of Affinity Group Inc., which also is the
parent of TL Enterprises Inc., publisher
of RV Business.
NADAguides.com is the consumer website of N.A.D.A. Appraisal
Guides, the world’s largest publisher
of appraisal guides for used vehicles including automobiles,
trucks, vans, RVs, boats, motorcycles,
van conversions limousines and manufactured homes.
National RV Holdings, Inc. Announces Founders’ Return to
Management Team
National R.V. Holdings, Inc. (NYSE: NVH) announced today the
appointment of Wayne M. Mertes
and Robert B. Lee as president of National R.V., Inc. and
Country Coach, Inc., respectively, the
Company’s two operating subsidiaries. Mr. Mertes and Mr. Lee
are founders of the operating sub
sidiaries and currently serve as directors of National R.V.
Holdings. The company further announces
the resignation of Michael Jacque, president of National R.V.
Inc. and executive vice president of
National R.V. Holdings, and Terry Muir, vice president of sales
and marketing for the two subsidiaries,
Country Coach, Inc. and National R.V., Inc.
Mr. Mertes, 65, co-founded National R.V., Inc. in 1964 and
continuously served as an executive
officer through July 1999, and then interim president from April
2001 through September 2001. Mr.
Mertes also served as president and CEO of National R.V.
Holdings from August 1993 through March
2001.
Mr. Lee, 63, founded Country Coach, Inc. in 1973 and was its
chairman and CEO through July
2000. Mr. Lee also served as president and CEO of National R.V.
Holdings from April 2001 through
September 2001. Bob Lee, a longtime industry veteran,
has served on the RVIA board for 7 years,
the FMCA commercial council for 18 years and
was inducted into the RV Hall of Fame in 2001.
In other management changes, Donald Fults,
formerly president of Country Coach, Inc. was
appointed Executive Vice President of Sales and
Service for Country Coach, Inc., and Tim Jones,
former sales manager for Country Coach, Inc. was
re-appointed to a sales position with National R.V.,
Inc.
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ARE Relocates to Oregon
American Recreation Equipment,
Inc. (ARE), a wholesale distributor,
recently moved its headquarters and
warehouse from California to
Tualatin, Oregon, into modern
20,000-square-foot building.
According to Don Lee, general
manager, ARE moved to better serve
its customers in the Northwest as
well as facilitate shipping orders to
customer who order on line from
ARE’s catalog
(www.arewholesale.com).
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Dutchmen Manufacturing Announces Plant Expansion at
Aerolite Division
Richard Florea, President of Dutchmen
Manufacturing, Inc announced today that
Dutchmen has acquired an additional 60,000
square feet of manufacturing space at its
Syracuse, Indiana facility.
Dutchmen manufactures the Aerolite and
Skamper brands of ultra lightweight travel trailers
and fifth wheels in Syracuse. The new facility is
located adjacent to the current Dutchmen operations
in Syracuse.
Richard Florea said, "Dealer response to
our new 2003 products has been tremendous.
Aerolite and Skamper have experienced an
increase of 73% in dealer orders and we expect the
demand to remain high into next year. The new
building will be used for final finish for the ultra
light weight products and will allow us to increase
production on our Cub and Kodiak expandable
products as well as our new Aerostar and
Skamper Ultra products."
Kate Crane, Product Manager for Aerolite and Skamper attributes
the increase in demand to the
new products, as well as innovative new features and floor plans
in the 2003 models. Crane said, "We
have emphasized new storage concepts in our 2003 models. Our
innovative ‘Store-Mor’ cargo area is a
first for this product category. It was well received by our
dealers at our annual Open House and the
Harrisburg show."
Florea also said, "This new facility will give us the room
we need to expand on our dedication to
quality built products. Plant Manager Mark Smith and Bob Ries,
Quality Director, have implemented
a ‘Zero Defect’ quality control process to assure our
dealers that they are purchasing the best
designed and best built product in the ultra light weight
category."
Aerolite is the original lightweight recreational vehicle. This
product category allows owners of
SUV's, light trucks and mini vans to pull full size trailers
without having to purchase a heavier tow
vehicle. The ultra lightweights have opened a new market segment
that previously was unaddressed
by recreational vehicle manufacturers.
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Louisville Show Sold Out
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RVIA's 40th National RV Trade Show,
December 3-5 in Louisville, KY, is poised to be
among the most successful in its history.
Exhibit space is sold-out and attendance is
expected to be extremely strong.
The National RV Show has rivaled the
2001 record of 752,000 square feet, with manufacturer
exhibits totaling 82 and covering
669,500 square feet of the Kentucky Fair and
Exposition Center. The show also features
297 supplier exhibits occupying 79,900 square
feet of space.
National RV Show Committee Chairman
John Beaver, of Thor Industries, noted the
importance that the show carries for the year
ahead. "This is the key opportunity for manufacturers
to showcase their products to dealers
nationwide and to gauge the year ahead," he
said. "With the strong sales we've experienced
during 2002 and the positive projections for
continued growth during 2003, we expect a
very successful show."
The National RV Trade Show is one of the
RV industry's biggest events. Representatives
are encouraged to make plans now to attend.
For registration information contact RVIA at
800/336-0154, ext. 324, for the National RV
Trade Show.
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Ice Maker and Refrigerator Company Recognized as Leader
With a 75% market share, U-Line Corporation can call itself the
leading manufacturer of built-in,
undercounter ice making and refrigeration appliances. The
family-owned company built its reputation
on the introduction of the first undercounter ice maker in the
residential market.
For more than four generations, U-Line has been firmly
established in the marine and RV industries.
U-Line has become an industry leader because of its
top-of-the-line products. The Echelon™
Series brings to the built-in, undercounter market features
usually found only in high-end, full-size
residential refrigeration units. The series includes two ice
makers, a Combo ice maker/ refrigerator,
two Wine Captain® models, two refrigerators and a refrigerator/
freezer.
Another U-Line achievement is the Origins Combo 29FF, the only
built-in, undercounter, combination
ice maker/ refrigerator on the market with
frost-free technology. It has now been upgraded,
making it even more attractive to boat and RV
owners. "We are continuing to redefine the marketplace
by offering the best in technology, design,
performance and value," said Philip Uihlein, ULine's
president and CEO. "We are proud of ULine's
reputation as the industry leader."
TACO Involved InVirginia State Park Referendum
During the recently held Texas Association of
Campground Owners (TACO) Board of Directors
meeting it was brought to the Association’s attention
that the State of Virginia will be voting on a
referendum to issue $119 million in bonds for
improvements in Virginia State Parks. Of this
amount $76 million is earmarked for specific projects
involved in visitor services including constructing
new campgrounds, upgrading and expanding
existing campgrounds, adding cabins throughout
the state park system and adding other overnight
accommodations. It is estimated this could mean
3,500 or more new RV sites and cabins.
The Virginia Campground Association and
National ARVC recently attended a meeting with
the Director of the Department of Conservation
and Recreation, a reprentative of the Virginia
Governor’s office and a paid campaign consultant
– the directors and key staff of each state park
and the leaders of each park’s "Friends Groups"
were in attendance. These folks laid out a $3 million plan to
guaranty passage of the referendum in
November. The TACO Board felt this may set a dangerous precedent
with regard to State Parks and
the services they offer being in competition with commercial
park operators. Therefore, the TACO
Board voted to send the Virginia Association $500 to be used in
their grassroots educational program
in hopes of defeating this anti-small business legislation. TACO
Amerimax Plant Designated ISO 9002 Certified
The Amerimax Building Products, Inc., Mansfield, Texas
fabrication plant was designated an
ISO 9002 certified manufacturer. T.R. Arnold & Associates
(Elkhart, IN) assessed and certified that
Amerimax operates a quality management system in accordance and
conformity with the standards
specified by ISO 9002 for sheet metal fabrication, custom roll
forming and distribution of
building products. These standards represent an international
consensus on good management
practices with the aim of ensuring that the organization can
repeatedly deliver the products or
services that meet the customer's quality requirements.
"This reaffirms Amerimax's commitment
to a quality management system and continuous improvement for
the benefit of its customers." said
Scott Anderson, president of Amerimax Building Products.
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British RV Pioneer Dies
Ralph Lee, a celebrated knight-errant of
the British road, who built his own vacation
trailer in 1931 and went on to pull it and its
10 successors a distance equal to 20 trips
around the world, died September 18. He was
99.
In 1999 Queen Elizabeth II made Lee a
member of the Order of the British Empire, an
order of knighthood. His death was mourned
by flags flown at half-staff at trailer parks
throughout Britain.
The Times of London in 1998 called him
"the spiritual founding father of British caravaning,"
a national pastime both beloved and
belittled.
Caravan, the British term for trailer,
comes from the Persian word karwan, meaning
a group of desert travelers.
Lee and his wife, Muriel, made contributions
to the history of recreational vehicles
that included being the first British caravaners
to vacation above the Arctic circle and the
first from any country allowed into the Soviet
Union. They crossed the English Channel 74
times with a caravan in tow.
The Lees went more than 500,000 miles –
far enough to make it to the moon and back.
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KOA Becomes Newest Member of the ARVC Business Forum
Kampgrounds of America, Inc (KOA) has
pledged its commitment to the industry and its
mission by becoming the newest member of the
National Association of RV Parks and Campground's
(ARVC) Business Forum. KOA joins the
Business Forum at its top membership level, and
has pledged active involvement in the work of the
Forum's Board and committee structure. The
membership is effective immediately.
"We are thrilled that KOA recognizes the
tremendous importance of the Business Forum to
the growth and promotion of the campground
industry," said Linda Profaizer, ARVC President.
"KOA is a major player in our industry, and their
energy and ideas are sure to be a terrific asset as
the Forum works to promote and expand the
industry."
"The Business Forum is a great fit for KOA,"
said Jim Rogers, Kampgrounds of America CEO &
President. "This is a very exciting time at KOA.
We're developing several new products and technologies
that will take campground management
and customer service to the next level. We think
there has never been a better time to be in the
campground business, so it's only proper that the
world's largest camping company be a part of
such a valuable industry group."
The ARVC Business Forum is a special membership
category for companies with an interest
in the promotion and future of the campground
industry. Its mission is to foster enhanced industry
communication, cooperation and networking
among interests who share a common vision for
the industry. The Forum's work includes an
active public relations effort, select industry
research projects, and efforts to identify programs
and opportunities that benefit the campground
industry at large.
Other members of the Business Forum
include: Affinity Group, Inc., Ron Beard Associates,
Jim Calfee Insurance Agencies, Coast to
Coast Resorts, Evergreen USA RRG, Leisure
Resorts of America, Leisure Systems, Inc,,
Mission Management Information Systems,
National Home Communities, Resorts USA/
Outdoor World, TL Enterprises and Woodall Publications.
The National Association of RV Parks and
Campgrounds (ARVC) represents more than
3,600 commercial RV parks and campgrounds
throughout the US and Canada. The association
is located in Falls Church, Virginia.
KOA was established in Billings, Montana in
1962 and is celebrating its 40th anniversary this
year. KOA is privately held, and offers RV, tent,
Kamping Kabins and Kottage sites at over 500
franchised campground locations and fourteen
company operated properties.
Carriage Becomes Assoc. Sponsor of Nascar Winston Cup Car
Carriage Inc. of Millersburg,
IN, manufacturer of Carriage,
Carri-Lite, and Royals International
RVs has signed to
become an associate sponsor of
a Nascar Winston Cup Car. The
Carriage logo will be carried on
Bill Davis Racing # 23 Stacker II
car to be driven by Kenny
Wallace. Bill Davis Racing also
owns the # 22 Winston Cup car
driven by Ward Burton and the #
27 Busch Series Car driven by
Scott Wimmer. RVN
60% Say They Camped More This Summer
A recent Kampgrounds of
America survey of more than
1,000 campers found that nearly
60% of those responding had
camped more this summer than
in the summer of 2001.
The survey, conducted via
KOA's popular KOA Kompass e-newsletter,
found that 59.4%
reported camping more this
summer, while 23.4% said they
camped less this summer than
last summer. About 17.2% said
they camped the same amount.
"The figures reflect what we
are finding in our other
research," said KOA President
and CEO Jim Rogers.
Americans are looking for more
safe, secure ways to spend time
with their families. Camping,
especially at KOA campgrounds,
is a perfect fit."

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