ELKHART, Ind.- May 7, 2009 All American Building Systems, LLC (AABS, allamericanbuildings.com), the major projects division of Coachmen Industries, Inc. (OTC: COHM.PK), has signed a contract with the Sisters of St. Frances, Denver, CO to build three duplexes and one commercial office building valued at over $1.7 million.
The project, called Casa Chiara, is managed by the real estate development company, Urban Ventures LLC. Construction is expected to start in early June, and will deliver nearly 11,000 SF of new buildings consisting of three duplex and one commercial office building.
Renowned architect, Michelle Kaufmann, designed the project to give Casa Chiara a modern look with a number of energy efficient features. Kaufmann specializes in modular, energy-wise single family homes and was also the architect behind the Smart Home: Green + Wired built by All American Homes and currently on display at the Museum of Science and Industry in Chicago.
Located just a few miles from downtown Denver, Casa Chiara is an urban infill project that will eventually develop over 20 acres of land. The property is owned by the Sisters of St. Frances, Denver, CO and will be developed in several phases to host a number of multi-use buildings.
Coachmen Industries, Inc. is one of America's premier systems-built construction companies under the ALL AMERICAN BUILDING SYSTEMS®, ALL AMERICAN HOMES® and MOD-U-KRAF® brands, as well as a manufacturer of specialty vehicles. Coachmen Industries, Inc. is a publicly held company with stock quoted and traded on the over-the-counter markets under the ticker COHM.PK.
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, liquidity, the ability of the Company to bond major government contracts, availability of working capital, availability of credit to the Company and its customers, the depth and duration of the recession, the ability to produce buses to meet demand, the potential fluctuations in the Company's operating results, price volatility of raw materials used in production, the availability and cost of real estate for residential housing, the supply of existing homes within the company's markets, government regulations, dependence on significant customers within certain product types, consolidation of distribution channels, consumer confidence, uncertainties of matters in litigation, and other risks identified in the Company's SEC filings.
For product information:
Mike Donley
Director of Marketing Communications
574-266-2533
For investor or financial information:
James T. Holden
Corporate Secretary and Assistant General Counsel
574-266-2510