1. Blue Bird OEM Propane School Bus
John Rubenkoenig
Capital Bus Sales

2. New Ownership of Blue Bird
September – Sale of Blue Bird to Cerberus Capital Management, L.P.
Present Management Will Remain in Place
US based and owned company
Cerberus owns many companies including Alamo/National Rental Car, Air Canada, Formica, Fila, 51% of GMAC Finance
Increased Capital and Credit Line for Expansion
Commitment to Growth of Blue Bird

3. Blue Bird North Georgia Plant
Vision Produced at Blue Bird – North Geogia located in LaFayette, GA
For 2nd Year in a Row -
Blue Bird North Georgia Named One of 25 Finalists for Industry Week Magazine “Best Plants in North America”

4. Changes for Vision Bus New Hood Design New Dash Design
New Steering Column/Wheel Design
Multiplex Body System (2007 Engines) includes:
Exterior Light Monitor
Emergency Exit Monitor
Clock
Child Check System Available, if Desired
Other Warning Messages for Driver

5. Blue Bird to Offer OEM Propane School Bus
Vision Conventional Type C School Bus
47 – 77 Passenger Capacity
189” to 273” Wheelbase
Will Meet all Texas School Bus Specifications

6. Previous Blue Bird Propane School Bus Offering
GM B7 Chassis
GM 8.1L Gasoline Engine
Only Available Passenger
GM Stopped Production of B7 Chassis
No Gasoline Engines Available in Market
GM Replacement Chassis Unacceptable to Dealers

7. Grant from PERC
Propane Education and Research Council (PERC) Grant Awarded to Blue Bird for Research & Development Work on Propane School Bus
Goal – To Introduce OEM Propane School Bus to Marketplace
Support from Texas Railroad Commission
Panel of Propane School Bus Users Being Formed to Provide Input

8. Contract with Powertrain Integration
Blue Bird to Supply Two Vision School Buses to Powertrain Integration (May, 2006)
Regular Production Buses with Diesel Engines
One equipped with Hydraulic Brakes
One equipped with Air Brakes
Powertrain Integration to Design Assembly Methods for Blue Bird

9. Contract with Powertrain Integration
Powertrain Integration Will Return Buses to Blue Bird with 8.1L Engine Equipped with OEM Propane Fuel System Supplied by CleanFuel USA – Liquid Propane Injection
Buses will be Fully Operational on Propane

10. Production Availability
Regular Production of Blue Bird OEM Propane School Bus Expected March/April 2007
Diesel Engine and ULSD Diesel Fuel Prices to Increase Significantly with 2007 EPA Compliant Engines
OEM Blue Bird Propane Bus to Offer Viable Alternative
Alternative Fuel Funds/Grants Available

11. Propane Fuel Rebates
Through 2009 Congress Has Authorized Alternative Fuel Rebate
50 Cents per Gallon for Propane
School Districts Eligible to Apply for Rebate Direct from IRS if Have Own Fueling Facility
Must Register with IRS – Form 637
File IRS Form 4136 Annually
New Forms Not Available Yet on website – Should be Available Days

12. Contact for Additional Information:
Capital Bus Sales and Service of Texas, Inc.