CRV

In the news release, Coast Distribution System (Amex: CRV) Declares Cash Dividend for First Quarter 2007, issued yesterday, March 12, by The Coast Distribution System, Inc. over PR Newswire, we are advised by the company that the first paragraph, second sentence, should read "The dividend will be paid on April 6, 2007 to all stockholders of record as of March 23, 2007," rather than "The dividend will be paid on June 30, 2007 to all stockholders of record as of June 16, 2007" as originally issued inadvertently. Complete, corrected release follows: MORGAN HILL, Calif., March 12 /PRNewswire-FirstCall/ -- The Coast Distribution System, Inc. (AMEX:CRV) today announced its Board of Directors declared the cash dividend for its fiscal first quarter of 2007 of $0.07 per share. The dividend will be paid on April 6, 2007 to all stockholders of record as of March 23, 2007. "Though conditions in the recreational vehicle and marine markets remain difficult, we continue to execute our plans to grow market share through new products, such as the Kipor generators," said Thomas R. McGuire, Chairman and CEO of Coast. "Coast's dividends reflect the Board's confidence in our growth and its commitment to enhance stockholder value." Coast, one of North America's largest suppliers of aftermarket replacement parts, accessories and supplies for the recreational vehicle (RV) and marine industries, announced its Board of Directors approved an increase in the Company's regular quarterly cash dividend from $0.05 per share to $0.07 per share, or $0.28 per year, in August 2006. This dividend is Coast's ninth consecutive quarterly cash dividend since the adoption of its dividend policy in Feb. 2005. About The Coast Distribution System The Coast Distribution System, Inc. (http://www.coastdistribution.com/) is one of the leading suppliers of parts, accessories and supplies for recreational vehicles (RVs) and pleasure boats in the U.S. and Canada. Coast supplies its products to its 15,000 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. Cautionary Statements Regarding Forward-Looking Information The declaration of cash dividends in the future, pursuant to the Company's dividend policy, is subject to final determination each quarter by the Board of Directors based on a number of factors, including the Company's financial performance and its available cash resources. Also, it could become necessary for the Company to obtain the consent of its lender under its secured bank loan agreement in order to pay cash dividends in the future. For these reasons, as well as others, there can be no assurance that dividends in the future will be equal or similar to the amount described in this press release or that the Board of Directors will not decide to suspend or discontinue the payment of cash dividends in the future. 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 Jeff Lambert or Ryan McGrath, both of Lambert, Edwards & Associates, Inc., +1-616-233-0500, or , both for The Coast Distribution System Web site: http://www.coastdistribution.com/

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