COBURG, OR -- (Marketwire) -- 01/05/09 -- Monaco Coach Corporation (NYSE: MNC), one of the nation's leading manufacturers of recreational vehicles, announced today that it has engaged Imperial Capital, LLC as a financial advisor to assist the Company with its evaluation of strategic alternatives.

The Company intends to consider a variety of financial and strategic alternatives including joint ventures, mergers or other strategic transactions, with a focus on improving liquidity and maintaining its strong balance sheet. In addition, Monaco Coach Corporation has retained Avondale Partners, LLC to evaluate strategic alternatives for Signature Motorhome Resorts business and BMO Capital Markets has been retained for its equine trailer division, Bison Manufacturing, LLC and its specialty trailer division, Roadmaster LLC.

Kay Toolson, the Company's CEO, commented, "Monaco will continue to execute its business plan while maintaining its tradition as a leading national manufacturer of recreational vehicles. We are confident that our retention of Imperial Capital will help us capitalize on our competitive position and the strength of our brands in order to maximize long-term value."

The Company cautions that there can be no assurance that this evaluation will result in any specific financial or strategic transactions.

About Monaco Coach Corporation

Monaco Coach Corporation, a leading national manufacturer of motorized and towable recreational vehicles, is ranked as the number one producer of diesel-powered motorhomes. Dedicated to quality and service, 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.

Headquartered in Coburg, Oregon, with manufacturing facilities in Oregon and Indiana, 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, and R-Vision brand names. The Company maintains RV service centers in Harrisburg, Oregon and Wildwood, Florida and operates motorhome-only resorts in California, Florida, Nevada and Michigan.

Monaco Coach Corporation trades on the New York Stock Exchange under the symbol "MNC." For additional information about Monaco Coach Corporation, please visit www.monaco-online.com or www.trail-lite.com.

Certain statements above, including the Company's ability to continue to execute its business plan, are forward-looking statements subject to various risks and uncertainties that could cause actual results to differ materially from these statements. These risks and uncertainties include continued restriction of credit standards affecting retail and wholesale financing, an increase in the amount of dealer inventory that becomes subject to repurchase demands, failure to generate sufficient cash flow to sustain our operations, failure to improve our operating results, inability to maintain compliance with various covenants under our existing credit agreements or to obtain any required waivers from the lenders, further declines in the wholesale and retail markets for recreational vehicles, an increase in interest rates, a further decline in consumer confidence, consumers' preference for certain models and resort lots including competitors' offerings and an increase in the price or decease in the availability of fuel. Please refer to the Company's SEC reports for additional risks and uncertainties, including but not limited to the most recent Form 10-Q, the annual report on Form 10-K for 2007, and the 2007 Annual Report to Shareholders for additional factors. These filings can be accessed over the Internet at http://www.sec.gov or http://www.monaco-online.com.