December 01, 2009 15:50 ET

Forest River Partners With Leaders in RV Rental Market

ELKHART, INDIANA AND CALGARY, ALBERTA--(Marketwire - Dec. 1, 2009) - Forest River, Inc, CanaDream Corporation: (TSX VENTURE:CDN) and Australia based Apollo Motorhomes, announced today the emergence of AmeriDream — a RV rental venture positioned to capture significant market share and further promote the growth of RV tourism in the U.S.

Peter Liegl, President and CEO of Forest River, says "The venture provides an enormous benefit to our dealers and travellers here and abroad. Dealers within our network will be able to better manage their domestic booking and gain exposure to the lucrative international market virtually overnight." AmeriDream dealers will be able to seamlessly integrate the advanced systems and access the extensive international wholesale network behind the continual growth of CanaDream.

Brian Gronberg, President and CEO of CanaDream Corporation says, "Being able to take advantage of the rapid growth of international RV travellers coming to America is the only way to maximize both utilization and nightly rates." He adds, "Our systems, networks and Internet strategy will make AmeriDream the preferred RV vendor for the international audience." 66% of US leisure travelers now use the internet to plan some aspect of their travel (versus 35% in 2000), according to a study by Ypartnership entitled National Travel MONITOR.

Industry forecasts indicate Forest River's entrance into the RV rental market is opportune. In what is considered to be a down market, the Recreational Vehicle Rental Association (RVRA), reports rental activity will be up 12% this year.

About Forest River, Inc.
Forest River is a leading manufacturer of leisure vehicles in the United States, based in Elkhart, In. Founded in 1996 by Peter Liegl, it has grown into a company of 5,500 employees and 71 facilities throughout the nation. In 2005, the company was acquired by Berkshire Hathaway, Inc. (NYSE: BRK.A and BRK.B). Berkshire Hathaway is headquartered in Omaha, Ne.

About CanaDream Corporation:
CanaDream Corporation is one of the largest RV Rental Companies in Canada. The Company operates a fleet of approximately 700 units from nine gateway cities across the nation. CanaDream's leadership position has been achieved through a combination of substantial investments in proprietary technology related to its operations; its extensive international wholesale network; and the upgrading and maintenance of its rental fleet. CanaDream Corporation is publicly traded (Symbol: CDN) on the Canadian Venture Exchange.

About Apollo Motorhomes
Apollo is the largest privately owned leisure vehicle operator in the Southern Hemisphere with a fleet of over 3000 vehicles and 300 employees. It has ten branches in Australia, two in New Zealand and three in the USA.

Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • CanaDream Corporation
    Brian W. Gronberg
    President and CEO
    (403) 291-1000
    (403) 291-5509 (FAX)