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Coach Industries Group Inc (fka CIGIQ) RSS Feed

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  • Coach Industries Group, Inc., through its subsidiaries, offers financial services, insurance products, and fleet management to commercial fleet operators in the United States. The company operates through three segments: Manufacturing, Finance Leasing Operations, and Contractor Settlement Processing. Manufacturing segment engages in the manufacture, sale, and servicing of chassis for limousines. Finance Leasing Operations segment offers financial services, such as commercial vehicle lease and fleet financing targeting small to mid-size commercial fleet operators through the United States. Contractor Settlement Processing segment provides independent contractors, subcontractor settlement processing, and specialty and health insurance products to commercial fleet operators. The company also offers services, such as procurement and disposal of vehicles. The company was founded in 2003 and is based in Cooper City, Florida. On September 20, 2007, Coach Industries Group, Inc filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the Northern District of New York, Albany.

  • http://www.taglichbrothers.com/equityuniverse/companies/archive/coachind/coachind-05072007.pdf

  • Estimated Market Cap $8,667 as of Jan 20, 2009

  • Outstanding Shares  28,888,835 as of Nov 1, 2006

  • Authorized Shares  50,000,000 as of Jan 16, 2005

  • Float  3,400,000 as of Jan 16, 2005

  • LAST 10Q SHOWING THREE QUARTER REVENUES OF $247M   

  • http://knobias.10kwizard.com/filing.php?param=&ipage=4488784&DSEQ=1&SEQ=&SQDESC=SECTION_BODY&exp=



******************************************************************************* 
12/31/07  NITE OWNS 5.3% OF THE O/S OR 1,530,642 COMMON SHARES

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5718995


******************************************************************************* 
COACH INDUSTRIES GROUP
**NEW 8K OUT 9/2007** Entry into a Material Definitive Agreement.
The purchase price for the sale shall be an amount equal to $7,082,456, subject to higher.

FOR IMMEDIATE RELEASE ********
Coach Industries Group, Inc Signs Agreement with Laurus Master Funds to sell wholly owned subsidiary Corporate Development Services, Inc.
Glens Falls, NY — Sept. 21 st 2007 : Coach Industries Group, Inc. (“Coach Industries”) (OTCBB:CIGI – News), is selling it’s operating division Corporate Development services Inc. ( CDS) and its’ subsidiary SubContracting Concepts Inc. (SCI) to Laurus Master Funds Ltd. Coach Industries Group, Inc. filed in Albany County NY court on September 20 th for protection under the Chapter 11 of the United States Bankruptcy Code which included a Sale and Purchase agreement with Laurus Capital Management / Laurus Master Funds, Ltd (“Laurus”), a secured creditor, to purchase CDS and its’ subsidiary SCI. The purchase price for the sale shall be an amount equal to $7,082,456. Payment of the consideration shall be in the form of cancellation of $6,832,456 in accrued obligations owing to Laurus together with a cash payment of the $250,000 balance. This bid by Laurus is in excess of what Laurus is owed and will satisfy the secured position.

 

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