MNC Monaco Coach Cp

COBURG, Ore., Dec. 17 /PRNewswire-FirstCall/ -- Monaco Coach Corporation (NYSE:MNC) announced today that its Board of Directors has approved a stock repurchase program whereby up to an aggregate of $30 million of its outstanding common stock may be repurchased from time to time. The duration of the repurchase program is open-ended. Under the program, Monaco could purchase shares of common stock through open market and other approved transactions at prices deemed appropriate by management. The timing and amount of repurchase transactions under this program will depend on market conditions and corporate and regulatory considerations. The purchases will be funded from available working capital. As of October 31, 2007, Monaco had 29,981,477 shares of common stock outstanding. (Logo: http://www.newscom.com/cgi-bin/prnh/19991018/MONACO) "Our strong balance sheet and liquidity provide us the opportunity to pursue repurchases of our common stock," said Kay Toolson, Chairman and CEO. "The combination of earnings growth and the commitment to return excess capital to shareholders provides a strong foundation for increasing shareholder value over the long term." About Monaco Coach Corporation Dedicated to quality and service, Monaco Coach Corporation is one of the nation's leading manufacturers of motorized and towable recreational vehicles. Headquartered in Coburg, Oregon, with substantial manufacturing facilities in Indiana, Monaco Coach employs approximately 5,200 people. 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, R-Vision and Dodge brand names. Monaco Coach maintains RV service centers in Harrisburg, Ore., Elkhart, Ind., and Wildwood, Fla. The Company operates motorhome only resorts in California, Florida and Nevada. Ranked as the number one manufacturer of diesel-powered motorhomes, 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. Monaco Coach Corporation trades on the New York Stock Exchange under the symbol "MNC," and the Company is included in the S&P Small-Cap 600 stock index. For additional information about Monaco Coach Corporation, please visit http://www.monaco-online.com/ or http://www.trail-lite.com/. Cautionary Statement This press release contains forward-looking statements about Monaco's common stock repurchase program, including the maximum amounts that may be purchased under the program. The statements are based on management's current expectations, estimates and projections, are not guarantees of future performance, and are subject to certain risks, uncertainties and other factors, some of which are beyond the Company's control and are difficult to predict, including, but not limited to, changes in the market price of the Company's common stock and changes in the Company's financial results, financial condition and cash requirements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Craig Wanichek Director of Investor Relations Monaco Coach Corporation (541) 681-8029 http://www.newscom.com/cgi-bin/prnh/19991018/MONACO http://photoarchive.ap.org/ DATASOURCE: Monaco Coach Corporation CONTACT: Craig Wanichek, Director of Investor Relations of Monaco Coach Corporation, +1-541-681-8029, Web site: http://www.ctapr.com/

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