CRV

The Coast Distribution System, Inc. Declares Special Dividend MORGAN HILL, Calif., March 29 /PRNewswire-FirstCall/ -- The Coast Distribution System, Inc. announced today that its Board of Directors has declared a cash dividend in the amount of $.06per share, payable on April 23, 2004 to stockholders of record as of April 9, 2004. "We are pleased that the earnings we generated in 2003 has made it possible for the Company to pay a cash dividend to our stockholders," stated Thomas R. McGuire, Chairman and Chief Executive Officer. As previously reported the Company generated net earnings in 2003 of $2,447,000 or $0.53 per diluted share. "We look forward to being able to pay cash dividends in the future," said McGuire; "however, whether or not future dividends will be paid will depend on a number of factors, including our ability to generate earnings and positive cash flow from operations and the cash requirements of our business. Additionally, we will need the consent of our bank lender for the payment of future dividends." About The Coast Distribution System. The Coast Distribution System, Inc. 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 15,000 customers through 17 distribution centers throughout the U.S. and Canada. DATASOURCE: Coast Distribution System, Inc. CONTACT: Thomas McGuire, Chief Executive Officer of Coast Distribution System, Inc., +1-408-782-6686

Copyright