Collins Industries Completes Merger Transaction

HUTCHINSON, Kan., Nov. 1  /PRNewswire-FirstCall/ -- Collins Industries, Inc. (OTC:CNSI) announced today that it has completed the transactions contemplated by the merger agreement with Steel Partners II, L.P., a private investment partnership based in New York.

Under the terms of the merger agreement, which was approved on October 30, 2006 by holders of 75.3% of the outstanding shares of Collins common stock, Collins shareholders will receive $12.50 in cash for each share of Collins common stock they hold.  The total value of the transaction, including assumed debt and expenses, is approximately $110 million.

Quotation of Collins common stock on the Pink Sheets has ceased.  The paying agent for the merger is Mellon Investor Services LLC.  The paying agent will be sending to Collins shareholders of record letters of transmittal and other related documents containing instructions for tendering shares and receiving payment of the merger consideration.

About Collins Industries, Inc.

Collins Industries, Inc. is a leading manufacturer of ambulances (including medical attack vehicles, rescue vehicles and fire emergency vehicles), North America's largest producer of Type "A" small school buses, the nation's second largest manufacturer of terminal trucks and a leader in the road construction and industrial sweeper markets.  Since 1971, the Company has grown to approximately 1000 employees in six plants comprising over one million combined square feet of manufacturing space.  The Company sells its products throughout the United States and abroad. 

DATASOURCE: Collins Industries, Inc.



CONTACT:  Randall Swift, Chief Operating Officer of Collins Industries,

Inc., [phone] Ext. 415, or Kim Marvin, Partner, American Industrial

Partners, [phone] Ext. 209

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