All American Homes Wins Colorado Project
MILLIKEN, Colo., April 9, 2009 --
All American Homes of Colorado, LLC, a subsidiary of Coachmen Industries, Inc. (Pink Sheets: COHM) announced today that it has been awarded a project by the Boulder County, Colorado, Housing Authority directed by Scott Simkus, BCHA Development Manager. The pilot project, to build two affordable, cost effective homes using a responsible level of renewable energy, is expected to achieve wide recognition as a model for municipal public housing departments around the country.
It is the goal of Boulder County, the owner/developer of the homes, to create one, affordable, near zero energy duplex and one single family ranch. The County hopes to reduce the short-term impact on the neighborhood and reduce the long-term carbon footprint created by these buildings by combining leading-edge technology and modular construction practices. The International Energy Conservation Code has been used as the design and energy benchmark for the homes.
The homes to be built by All American(R) will include between 887 and 1,458 square feet of living space, are contemporary in appearance and will include solar PV and solar thermal panels, foam insulation and other energy-saving equipment and construction techniques. One building will use a geo-thermal heating system; the second will employ a more traditional high-efficiency gas furnace with solar thermal for comparative study.
The National Renewable Energy Laboratory and the Department of Energy are collaborative partners on the project.
It is expected that the homes will be delivered to the Lafayette, Colorado site in late April 2009, and be ready for occupancy by the end of June.
Simkus anticipates that this pilot will establish a blueprint for a much larger development on a 14 acre site in Lafayette later this year, with All American Homes providing the housing.
Coachmen Industries, Inc. is one of America's premier systems-built construction companies under the ALL AMERICAN HOMES(R) and MOD-U-KRAF(R) brands, as well as a manufacturer of specialty vehicles. Coachmen Industries, Inc. is a publicly held company with stock quoted and traded on over-the-counter markets under the ticker COHM.
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, 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 and Communications
574-266-2533
For investor or financial information:
James T. Holden
Corporate Secretary and Assistant General Counsel
574-266-2500
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