Collins Industries Explores Sale Process

HUTCHINSON, Kan., June 29  /PRNewswire-FirstCall/ -- Collins Industries, Inc. (OTC:CNSI) today announced that it is exploring a possible sale of the Company.  George K. Baum Advisors LLC has been retained as its financial advisor to assist with this process.  There can be no assurance that a transaction will result, and the Company does not currently intend to disclose developments in the process unless and until its board of directors has approved a specific transaction or the process is terminated.

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.

This press release contains historical and forward-looking information. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  The Company believes the assumptions underlying these forward looking statements are reasonable; however, any of the assumptions could be inaccurate, and therefore, actual results may differ materially from those projected in the forward-looking statements due to certain risks and uncertainties, including, but not limited to, the availability of key raw materials, components and chassis, changes in funds budgeted by Federal, state and local governments, changes in competition, various inventory risks due to changes in market conditions, changes in product demand, substantial dependence on third parties for product quality, interest rate fluctuations, adequate direct labor pools, development of new products, changes in tax and other governmental rules and regulations applicable to the Company, reliability and timely fulfillment of orders and other risks as indicated in the Company's prior filings with the Securities and Exchange Commission.  The Company undertakes no obligations to publicly release any revisions to any forward-looking statements contained herein to reflect events or circumstances occurring after the date released or to reflect the occurrence of unanticipated events. 

DATASOURCE: Collins Industries, Inc.



CONTACT:  Cletus Glasener, CFO and Vice President of Finance of Collins

Industries, [phone]

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