direct/ Coach Industries Group, Inc. -- ´SHQB´ -- Revises First Quarter Revenue Guidance Upward

Projects in Excess of $75 Million in Revenues for Q1 for 2006; Compared to $58 Million for Q1 2005

COOPER CITY, FL -- (MARKET WIRE) -- 05/03/2006 -- Coach Industries (Frankfurt: SHQB), which offers an array of financial services and insurance products to commercial fleet operators, today announced revised guidance for the first quarter ended March 31, 2006.

The Company expects to report revenues for the first quarter exceeding $75 million compared to the previously announced range of $68-$70 million. This quarterly sales projection represents an increase of more than 29% over the $58 million of sales reported for the same period of 2005. The Company cited strong demand in their contract settlement division as the key to the quarterly increase. SHQB´s driver base increased 1,300 drivers or 23% from March 31, 2005 compared to March 31, 2006.

Frank O´Donnell, Chairman and Chief Executive Officer of Coach Industries, commented, "The growth of our existing operations is gaining momentum, and the synergies across divisions are beginning to have a positive impact as we continue to emerge as the sole provider in our industry able to offer our clients insurance, subcontractor settlement, vehicle manufacturing and financing. Our future movement into the daily rental leasing market and establishing Coach as a captive insurance company should further our momentum as we expand our service offerings throughout 2006."

About Coach Industries Group, Inc.

Coach Industries Group, Inc. (Frankfurt: SHQB) ("Coach") is a holding company focused on providing financial services and specialty insurance products to Commercial Fleet Operators.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The Statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company´s filings with the Securities and Exchange Commission.


Contact Information:

COACH INDUSTRIES GROUP, INC.
William Needham
12330 SW 53rd Street
Suite 704
Cooper City, FL 33330
(561) 487-2248
IR@cigi.cc

Or Investors

Alliance Advisors, LLC
Alan Sheinwald
(914) 244-0062
asheinwald@allianceadvisors.net

SOURCE: Coach Industries Group, Inc.




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