All American Homes Prepared to Assist Midwestern Tornado Victims From Its Dyersville, Iowa Plant
DYERSVILLE, Iowa--(BUSINESS WIRE)--All American Homes, LLC of Dyersville, Iowa announced today it has offered to work closely with local relief authorities and insurance companies to help rebuild the homes of victims of the Parkersburg, Iowa and the Hugo, Minnesota tornados that devastated those areas the evening of May 26, 2008.
All American Homes will offer tornado stricken residents substantial discounts for replacement homes. More importantly, homes built for tornado victims will be treated as a top priority to accelerate construction and minimize the time families are displaced. Local, independent builders will participate in the effort with All American Homes.
“With Parkersburg just 94 miles away and Hugo, Minnesota just a half days’ drive from our Dyersville, Iowa facility, (274 miles) we are strategically positioned to help provide shelter to the victims of these two awful storms,” stated Rick Bedell, president of All American Homes. “No one can build quality, affordable homes faster to replace the loss these people have experienced better than us. We are proud to lend a helping hand,” he concluded.
As part of its commitment, All American Homes has already dispatched a representative to Parkersburg to meet with the city government and other municipal officials and the American Red Cross. Plans to help Hugo, Minnesota victims are also underway and will include the All American Homes’ builder network in the Minneapolis/St. Paul area.
For tornado relief assistance for both Parkersburg, Iowa and Hugo, Minnesota please contact Mark Todd at 800-992-9013. Visit the All American Homes website for further updates at www.allamericanhomes.com.
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® 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® and MOD-U-KRAF®, 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 (NYSE: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 Company 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.
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