National R.V. Announces Real Estate Deal

Riverside, CA, December 27, 2006 -- National R.V. Holdings, Inc. announced the termination of its agreement with Warrior Holdings, Inc. and executed a Purchase and Sale Agreement with First Industrial Acquisitions, Inc. according to SEC filings. Subject to the terms and conditions of the Agreement, National R.V. agreed to sell its Perris, California real estate to First Industrial for $31.75 million. National R.V. will enter into a triple-net lease for the Property for an initial term of ten years with two five-year renewal options. The lease will provide for approximately $2.7 million in annual lease payments, increasing 3% annually. The deal is subject to approval by the Company's Board of Directors and satisfactory due diligence by First Industrial during a review period expiring February 9, 2007, according to the company's 8-K filing. Closing is expected to occur on February 15, 2007. Pursuant to the Agreement, First Industrial agreed to place a $250,000 deposit into escrow within two days of executing the Agreement and an additional $750,000 upon the expiration of the due diligence review period.

The 8-K goes on to say that On December 20, 2006, that National R.V. received notice from Warrior Holdings, Inc.
that Warrior was terminating its Purchase and Sale Agreement dated as of November 22, 2006. That agreement provided for a sale and leaseback transaction with respect to the company's Perris, California real estate. According to the 8-K Warrior was unable to obtain a lender's financing commitment by December 21, 2006. It is also stated that the agreement entitled Warrior to the return of its initial $1.5 million deposit.