Coast Distribution System Appoints Executive to Lead Kipor North America Operations
2007年3月7日 - 10:33PM
PRニュース・ワイアー (英語)
Coast's Vice President of Sales & President of Coast Canada
Promoted to Senior Vice President of Kipor North America MORGAN
HILL, Calif., March 7 /PRNewswire-FirstCall/ -- The Coast
Distribution System, Inc. (AMEX:CRV) has promoted Stephan Lussier
to the newly created position of Senior Vice President for Kipor
North America. In addition to his new role at Coast, Lussier will
continue with his current positions as Coast's Vice President of
Sales and President of Coast Canada. Within his new role, Lussier
lead sales operations for the Kipor product line of portable and
standby power generators, including the development of marketing
and advertising strategies for the recreational and outdoor power
equipment markets. Lussier, 39, has more than 14 years of
experience in the manufacturing and wholesale distribution
industry. Since 2001, he has been serving as Coast's Vice President
of Sales and President of Coast Canada. Coast has held the
exclusive rights to sell Kipor products in the United States,
Canada and Mexico since May 2006, and has been selling Kipor
inverter generators since September 2005. Sourced by Coast in Asia,
Kipor's generators are more portable, produce clean power and
create significantly less noise than standard generators, a key
selling point for Coast's existing customers in the recreational
vehicle industry. "As Vice President of Sales and President of
Coast Canada, Stephan has successfully grown our business to record
levels of sales and profits," said Jim Musbach, President and Chief
Operating Officer of Coast. "Over his career, he also has
successfully developed long-lasting quality relationships with
customers and suppliers. The Kipor products are a tremendous
opportunity for Coast within our existing markets and within new
markets." Lussier has served with Coast since 1991, and was
previously the Vice President and General Manager of Coast's
Canadian operations. Previous to that role, Lussier was Vice
President of Sales and Marketing for Coast Canada, increasing sales
by 53 percent over the three years at that position. Lussier holds
a Master in Business Administration from Concordia University in
Montreal and a Bachelor of Business Management from the State
University of New York. 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 ; or Ryan McGrath of Lambert, Edwards
& Associates, Inc., +1-616-233-0500, or Web site:
http://www.coastdistribution.com/
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