MORGAN HILL, Calif., April 16 /PRNewswire-FirstCall/ -- The Coast Distribution System, Inc. (AMEX:CRV) announced it has named Bryan Fletcher as senior vice president and head of its Husky Towing Products line. Fletcher's responsibilities include setting the overall strategic direction of Husky, including building their customer base.
As head of the entire Husky Towing division and principal contact for all suppliers and customers, he will handle product management and development, oversight of the Husky technical team, and the Husky portion of the new design and test center in Elkhart, Ind.
Fletcher has more than 18 years of experience in the towing industry. Prior to joining Coast, he served as president and chief operating officer for Valley Industries of Lodi, Calif., a leading manufacturer of towing products and long-time partner of Coast.
A proprietary brand for towing products, Husky has been distributed by Coast for more than 10 years. The line is sold throughout North America to recreational and outdoor products dealers. The major selling points are the safety Husky products provide, as well as the ease of installation and consumer use.
"We are pleased to welcome Bryan to the team," said Jim Musbach, president and chief operating officer of Coast. "His industry knowledge will be a valuable asset to Coast as we place greater emphasis on the success of individual product lines. Husky Towing will greatly benefit from Bryan's experience, and I know his leadership will help drive the direction of our entire organization." About The Coast Distribution System The Coast Distribution System, Inc. (http://www.coastdistribution.com/) is a leading supplier of parts, accessories and supplies for recreational vehicles (RVs) and pleasure boats in the U.S. and Canada. Coast supplies its products to its 14,000 customers through 17 distribution centers throughout the U.S. and Canada. Coast is publicly traded on the American Stock Exchange under the ticker symbol CRV.
Forward-Looking Information Statements in this news release regarding our expectations and beliefs about our future financial performance and trends in our markets are "forward- looking statements" as defined in the Private Securities Litigations Reform Act of 1995. Forward-looking statements often include the words "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could," or "may." The forward-looking statements in this news release regarding our future financial performance are based on current information and, because our business is subject to a number of risks and uncertainties, actual operating results in the future may differ significantly from the future financial performance expected at the current time. Those risks and uncertainties may include, among others: Loss of confidence among consumers regarding economic conditions, which could adversely affect their willingness to purchase and use their RVs and boats and which, in turn, would affect their purchases of the products we sell; increases in interest rates which affect the availability and affordability of financing for RVs and boats; increases in the costs and shortages in the supply of gasoline which increase the costs of using, and the willingness and ability of consumers to use, RVs and boats; and unusually severe or extended winter weather conditions, which can reduce the usage of RVs and boats for periods extending beyond the ordinary winter months or to regions that ordinarily encounter milder winter weather conditions; possible increases in price competition within our markets that could reduce our margins and, therefore, our earnings; our practice of obtaining a number of our products from single manufacturing sources, which could lead to shortages in the supply of products to us in the event any single source supplier were to encounter production or other problems; and possible changes in supply relationships in our markets, which could lead to increased competition or to reductions in the number of products we are able to offer our customers. Certain of these risks and uncertainties, in addition to other risks, are more fully described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2005, as amended by Amendment No. 1 on Form 10-K/A, and readers of this news release are urged to review the discussion of those risks and uncertainties that are contained in that Report.
Due to these and other possible uncertainties and risks, readers are cautioned not to place undue reliance on the forward-looking statements contained in this news release, which speak only as of today's date, or to make predictions based solely on historical financial performance. We also disclaim any obligations to update forward-looking statements contained in this news release or in the above referenced 2005 Annual Report, whether as a result of new information, future events or otherwise. DATASOURCE: The Coast Distribution System, Inc.
CONTACT: Sandra Knell, CFO of The Coast Distribution System, Inc., +1-408-782-6686, ; or Ryan McGrath of Lambert, Edwards & Associates, Inc., +1-616-233-0500, , for The Coast Distribution System, Inc.
Web site: http://www.coastdistribution.com/
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