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PERRIS, Calif.,
October 11, 2006, National R.V. Holdings, Inc. (the
"Company") announced that it intended to move the listing of its common
stock to the NYSE Arca exchange ("NYSE Arca"). The Company's ticker
symbol, NVH, will not change. The Company's common stock is scheduled to
begin trading on NYSE Arca on Friday, October 13, 2006. The Company's
Board of Directors approved the filing of an application to move the
listing of its Common Stock to NYSE Arca on October 6, 2006. A copy of
the Company's press release dated October 11, 2006 follows below.
As originally reported in the Company's Form 8-K dated November 2, 2005,
the Company no longer met the market capitalization and stockholders'
equity continued listing criteria of the New York Stock Exchange (the
"NYSE"). Because the Company was unable to regain compliance with such
listing criteria, the Company made an application to move its listing to
NYSE Arca. In connection with the foregoing, the Company received a
letter from the NYSE on October 12, 2006 which specifies that an
application had been submitted to the SEC to delist the common stock
from the NYSE and that the Company's listing on the NYSE would be
suspended on Friday, October 13, 2006, at which time the Company's
common stock
would begin trading on NYSE Arca.
CONTACT:
Thomas J.Martini
800.322.6007
cfo@nrvh.com
NATIONAL R.V. HOLDINGS TO MOVE LISTING TO THE NYSE ARCA EXCHANGE
PERRIS, Calif., October 11, 2006 - National R.V. Holdings, Inc. (NYSE: NVH)
announced today that it intends to move the listing of its common stock to the
NYSE Arca exchange. The Company's ticker symbol, NVH, will not change. The
Company's common stock is scheduled to begin trading on the NYSE Arca on Friday,
October 13, 2006.
"We are pleased to have an opportunity to continue our relationship with the New
York Stock Exchange and list our common stock on NYSE Arca. We believe this
transition will be seamless to our stockholders, as we will retain our existing
ticker symbol. In addition, we will have the benefit of the NYSE Arca's
electronic trading platform that we are confident will continue to provide our
investors with the liquidity and superior trade execution for which the New York
Stock Exchange is recognized," commented National R.V. Holdings' CEO Brad
Albrechtsen.
The Company's common stock has traded on the New York Stock Exchange since
December 1998 and the Company expects to continue trading on it until the NYSE
Arca listing becomes effective. As originally announced by the Company in
November 2005, the Company no longer met the NYSE's market capitalization and
stockholders' equity continued listing criteria. As a result, the Company made
an application to move its listing to NYSE Arca.
About NYSE Arca
NYSE Arca, a wholly owned subsidiary of NYSE Group, Inc. (NYSE: NYX), operates
the first open, all-electronic stock exchange in the United States and has a
leading position in trading exchange-traded funds and exchange- listed
securities. NYSE Arca is also an exchange for trading equity options. NYSE
Arca's trading platform links traders to multiple U.S. market centers and
provides customers with fast electronic execution and open, direct and anonymous
market access.
About National R.V. Holdings, Inc.
National R.V. Holdings, Inc., through its two wholly owned subsidiaries,
National RV, Inc. (NRV) and Country Coach, Inc. (CCI), is one of the nation's
leading producers of motorized recreation vehicles. NRV is located in Perris,
California where it produces Class A gas and diesel motor homes under model
names Dolphin, Islander, Pacifica, Sea Breeze, Surf Side, Tradewinds and
Tropi-Cal. CCI is located in Junction City, Oregon where it produces high-end
Class A diesel motor homes under the model names Affinity, Allure, Inspire,
Intrigue, Tribute, Rhapsody and Magna, and bus conversions under the Country
Coach Prevost brand.
This release and other statements by the Company contain forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995 including statements about the Company's future expectations, performance,
plans, and prospects, as well as assumptions about future events. Investors are
cautioned that forward-looking statements are inherently uncertain. Actual
performance and results may differ materially from that projected or suggested
herein due to certain risks and uncertainties including, without limitation, the
cyclical nature of the recreational vehicle industry; continuation of losses;
the ability of the Company to address the effects caused by fiberglass material
supplied by a third party supplier; the ability of the Company to obtain
long-term debt financing; seasonality and potential fluctuations in the
Company's operating results; any material weaknesses in the Company's internal
control over financial reporting or the failure to remediate any of the
previously disclosed material weaknesses; any failure to implement required new
or improved controls; the Company's ability to maintain its stock exchange
listing; the Company's dependence on chassis suppliers; potential liabilities
under dealer/lender repurchase agreements; competition; government regulation;
warranty claims; product liability; and dependence on certain dealers and
concentration of dealers in certain regions. Certain risks and uncertainties
that could cause actual results to differ materially from that projected or
suggested are set forth in the Company's Form 10-K and other filings with the
Securities and Exchange Commission (SEC) and the Company's public announcements,
copies of which are available from the SEC or from the Company upon request.
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