EXHIBIT
99.2
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FOR IMMEDIATE
RELEASE:
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March
4, 2009
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CONTACT:
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Craig
Wanichek
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Director
of Investor Relations
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Monaco
Coach Corporation
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(541)
681-8029
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craig.wanichek@monacocoach.com
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Monaco
Coach Corporation to Trade
Over
the Counter Under Symbol MCOA
COBURG, OREGON—March 4, 2009 –
Monaco Coach Corporation (PINKSHEETS: MCOA) announced today that its common
stock is being quoted on the over-the-counter markets. The Company expects its
stock to continue to be actively quoted in the Pink Sheets and is taking
appropriate steps to also be quoted on the OTC Bulletin Board. The Company's
over-the-counter ticker symbol will be MCOA. The Pink Sheets is a well-known,
centralized quotation service that collects and publishes quotes for OTC
Bulletin Board securities.
Yesterday,
the NYSE announced that the common stock of the Company has been suspended from
that exchange based on the NYSE’s determination of an “abnormally low” trading
level. Prior to the NYSE’s February 26, 2009 rule filing submitted to
the Securities and Exchange Commission (“SEC”) to temporarily suspend the $1.00
minimum share price requirement, the Company had previously been notified that
it had fallen below the NYSE’s continued listing standard for average closing
price of less than $1.00 over a consecutive 30 trading day period.
Forward-Looking
Statements
Certain
statements above, including the Company's expectation that its common stock will
be actively quoted in the Pink Sheets and the steps being taken to be quoted on
the OTC Bulletin Board, are forward-looking statements subject to various risks
and uncertainties that could cause actual results to differ materially from
these statements. These risks and uncertainties include failure to meet the
eligibility requirements for quotation on the OTC Bulletin
Board. Please refer to the Company's SEC reports for additional risks
and uncertainties, including but not limited to the most recent Form 10-Q, the
annual report on Form 10-K for 2007, and the 2007 Annual Report to Shareholders
for additional factors. These filings can be accessed over the Internet at
http://www.sec.gov or http://www.monaco-online.com.
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 operates motorhome-only resorts in California,
Florida, Nevada and Michigan.