ELKHART, Ind., -Nov. 25 - All American Group
announces the license of intellectual property from the modular home division of
Wick Building Systems located in Marshfield, Wis. Through this transaction, All
American Group has the exclusive rights to all of Wick's designs for three
distinct modular home product lines under the brand names of Artcraft Homes®,
Marshfield Homes® and Rollohome®. Wick is also referring its network of builders
to All American Group for future orders of modular homes produced with Wick's
industry leading designs.
Wick is exiting the modular homes business to focus on a
more profitable core business with its Wick Buildings division. They
traditionally marketed modular homes through an independent builder network,
serving 11 states in the north central region of the United States.
"This is a win-win for All American and Wick's modular
home builders," stated Rick Bedell, President of All American Homes, LLC. "We
intend to continue offering these product lines to the Wick independent builder
network, through the All American Homes modular manufacturing facilities. This
will provide an immediate and uninterrupted supply of Wick designed homes to
their current builder base, as well as add to production throughput for the All
American manufacturing facilities."
Coachmen Industries, Inc., doing business as All American
Group, is one of America's premier systems-built construction companies
operating under the ALL AMERICAN BUILDING SYSTEMS®, ALL AMERICAN HOMES® and
MOD-U-KRAF® brands, as well as a manufacturer of specialty vehicles through a
joint venture with ARBOC Mobility, LLC. All American Group is a publicly held
company with stock quoted and traded on the over-the-counter markets under the
ticker COHM.PK.
All American Group includes All American Homes, LLC and
Mod-U-Kraf, LLC, which combined are one of the nation's largest builders of
systems-built residential homes. Models range from single-story ranches to
spacious two-story colonials to beautifully rustic log homes, under the
Ameri-Log® brand. A line of solar homes that can generate low to zero energy
bills is available under the Solar Village® brand. All American Building
Systems, LLC, builds large scale projects such as apartments, condominiums,
dormitories, hotels, military and student housing. The Company's construction
facilities are located in Colorado, Indiana, Iowa, North Carolina and
Virginia.
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.
SOURCE Coachmen Industries,
Inc.
Post and Read Comments about
All American Group Acquires Exclusive Rights to Modular Home Designs From Wick Building Systems
