Koala Corporation Announces New President

DENVER, Aug. 9  /PRNewswire-FirstCall/ -- Koala Corporation (Pink Sheets: KARE) today announced the appointment of Bryan F. Merritt as President.  Mr. Merritt has an extensive background in manufacturing and operations.  Mr. Merritt has served as President of Matrix Management Systems, Inc. since 2000, and held a variety of positions including Vice President and General Manager; Advanced Products Group of Miller Electric Manufacturing, a subsidiary of Illinois Tool Works Company, from 1987 to 2000.

Mr. Merritt replaces James A. Zazenski, who resigned for personal reasons. Mr. Zazenski has been with Koala since 1997 and served as the President and Chief Operating Officer since 2002.  The Board of Directors requested that Mr. Zazenski continue to serve Koala as a member of the Board of Directors, and Mr. Zazenski has accepted this position.

Statements made in this news release that are not historical facts may be forward-looking statements.  Such statements include statements of belief, such as statements about the Company's future operations and the projections regarding future events, such as prospects for the Company's business in the future, and are based upon Koala's current expectations and assumptions, which are subject to a number of risks and uncertainties.  These include management's ability to successfully implement the Company's business plan with its remaining business units, and Koala's ability to retire its outstanding remaining bank debt on or before December 31, 2005, or at all. Actual results may differ materially from those projected in any forward-looking statement.  There are a number of important factors that could cause actual results to differ materially from those anticipated by any forward-looking information. 

DATASOURCE: Koala Corporation



CONTACT:  Jeff Vigil, Chief Financial Officer of Koala Corporation,

[phone]

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