PERRIS, Calif., May 13 /PRNewswire-FirstCall/ -- National R.V. Holdings, Inc. today announced that it has appointed Thomas J. Martini, the Company's current Treasurer, as the Company's new Chief Financial Officer and has accepted the resignation of Joseph W. Hansen, the Company's former CFO, effective May 11, 2005.
Mr. Martini has served as Treasurer since joining the Company in March of 2004. Prior to joining the Company, Mr. Martini, who is 56 years of age, was Vice President and Treasurer for Coachmen Industries, Inc., a publicly-traded recreational vehicle manufacturer, from March 2001 to December 2003. From 1991 to March 2001, Mr. Martini served as Chief Financial Officer of Miller Building Systems, Inc., a manufacturer of commercial and institutional buildings, which was publicly-traded prior to its acquisition in 2000 by Coachmen Industries, Inc. From 1978 to 1991, Mr. Martini held a number senior financial management positions for several manufacturing organizations. Mr. Martini is a certified public accountant.
"Tom has done an excellent job as Treasurer, has a strong technical accounting background and significant experience with Sarbanes-Oxley, and has a good understanding of the industry. We are very pleased that he has agreed to take on this very important role at National R.V. Holdings. He brings both a broad range of knowledge and a depth of experiences that will be exceptionally useful in his new position," commented Brad Albrechtsen, National R.V. Holding's President and Chief Executive Officer.
National R.V. Holdings, Inc., through its two wholly owned subsidiaries, National R.V., 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, Sea Breeze, 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, Lexa 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. 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; seasonality and potential fluctuations in the Company's operating results; any material weaknesses in the Company's internal control over financial reporting or any failure to implement required new or improved controls; 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 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.