COBURG, OR, Mar 02, 2009 (MARKET WIRE via COMTEX) -- Monaco Coach Corporation (NYSE: MNC) announced that today it has
provided termination notices to the majority of its remaining
workforce while it continues to seek additional financing or capital
or a corporate transaction. Most of the separated employees had
already been on furlough since mid-December 2008. In its notice to
employees, the Company noted that absent consummation of a sale or
obtaining additional financing or capital, it may ultimately be
forced to shut down operations.
About Monaco Coach Corporation
Monaco Coach Corporation, a leading national manufacturer of
motorized and towable recreational vehicles, is ranked as the number
one producer of diesel-powered motorhomes. Dedicated to quality and
service, Monaco Coach is a leader in innovative RVs designed to meet
the needs of a broad range of customers with varied interests and
offers products that appeal to RVers across generations.
Headquartered in Coburg, Oregon, with manufacturing facilities in
Oregon and Indiana, the Company offers a variety of RVs, from
entry-level priced towables to custom-made luxury models under the
Monaco, Holiday Rambler, Safari, Beaver, McKenzie, and R-Vision brand
names. The Company maintains RV service centers in Harrisburg, Oregon
and Wildwood, Florida and operates motorhome-only resorts in
California, Florida, Nevada and Michigan.
Monaco Coach Corporation trades on the New York Stock Exchange under
the symbol "MNC." For additional information about Monaco Coach
Corporation, please visit www.monaco-online.com or www.trail-lite.com.
Director of Investor Relations
Monaco Coach Corporation
SOURCE: Monaco Coach Corp.