United Road Services, Inc. Announces Q4 And Year End Results for 2000

    ALBANY, N.Y., April 2 United Road Services, Inc.
(OTC Bulletin Board: URSI) announced today financial results for the quarter
and year ended December 31, 2000.

    Gerald Riordan, Chief Executive Officer of United Road, commented, "The
year ended December 31, 2000 was a critical year in the Company's history.  As
the financial results reflect, we have taken a number of important steps to
migrate the focus of the Company from a 'roll-up' strategy to one that is
focused on operating synergies.  As discussed below, in June 2000 the Company
recorded a non-cash impairment charge of $129.4 million.  The results for 2000
were also affected by the closure of six under-performing divisions (four
towing and recovery and two transport).  The closure of these divisions, some
of which were a cash drain on the Company, was designed to improve cash flow
from operations through the elimination of duplicate operating and
administrative costs and/or the reallocation of equipment to higher valued
uses.  I feel we have taken a number of tough actions and we are continuing
these efforts to prepare the Company to move forward."

    For the quarter ended December 31, 2000, the Company reported revenues of
$57.0 million and a net loss of $10.8 million, or $3.90 per diluted share.
For the year ended December 31, 2000, revenues were $246.6 million, and the
net loss was $158.9 million, or $81.95 per diluted share.  In connection with
the diluted per share amounts, weighted average shares outstanding were
2,091,652 and 1,939,337 for the quarter and year ended December 31, 2000,
respectively.  For the quarter ended December, 31, 1999, the Company reported
revenues of $66.0 million and a net loss of $28.5 million or $16.64 per
diluted share including a non-cash impairment charge of $28.3 million.  For
the year ended December 31, 1999, revenues were $255.1 million, and the net
loss was $29.7 million, or $17.54 per diluted share.  In connection with the
diluted per share amounts for the quarter and year ended December 31, 1999,
weighted average shares outstanding were 1,712,831 and 1,693,311,
respectively.

    EBITDA for the fourth quarter of 2000 was a negative $8.1 million
resulting in a negative EBITDA of $129.3 million for the year ended December
31, 2000.  Excluding the impact of special and impairment charges, EBITDA for
the year ended December 31, 2000 would have been $2.6 million.  EBITDA for the
fourth quarter of 1999 was a negative $27.6 million, resulting in negative
EBITDA of $8.7 million for the year ended December 31, 1999.  Excluding the
impact of special and impairment charges, EBITDA for the fourth quarter of
1999 would have been $1.6 million and EBITDA for the year ended December 31,
1999 would have been $22.4 million.

    The Company periodically reviews the recorded value of its long-lived
assets and the recoverability of goodwill to determine if the carrying amount
of those assets may not be recoverable based upon the future operating cash
flows expected to be generated by those assets.  During the second quarter of
2000 and the fourth quarter of 1999, based upon such a review, the Company
recorded a non-cash impairment charge of $129.4 million and $28.3 million,
respectively.  As such, the carrying values of these assets were written down
to the Company's estimates of fair value.

    URSI also announced that it has named Patrick J. Fodale as its new Chief
Financial Officer.  Mr. Fodale, who has substantial experience in turnaround
situations, emerged as the leading candidate from a five month executive
search.  Mr. Fodale had been Vice President and Chief Financial Officer of
Global Technologies, Inc. since December 1999.  From March 1998 to September
1999, Mr. Fodale served as Chief Financial Officer of HomePlace, Inc., a
privately held national retailer of housewares and home furnishings.  From
November 1995 to November 1997, Mr. Fodale was Chief Financial Officer of
Color Tile, Inc., a privately held national retailer of floor covering
products.  From 1985 to October 1995, Mr. Fodale was with the firm of Arthur
Andersen, LLC in the corporate restructuring group.  Mr. Fodale holds a
Masters Degree in Accounting from the University of Michigan and was a
Certified Public Accountant in the State of Michigan.

    Mr. Riordan stated, "We are very excited about the results of our CFO
search and believe that Patrick Fodale has all the qualities and experience
necessary to help continue the Company's turnaround.  I am glad to have him on
our team.  We are pleased with our efforts in 2000 to solidify the foundation
of our towing and transport business segments and getting Patrick on board is
a significant win for us.  With the new credit facility and equity investment
completed in 2000 and the management team in place, we are enthusiastically
moving forward with our turnaround initiatives."

    The Company also announced it has signed a multi-year agreement with
Syntegra.  Under the agreement, Syntegra will monitor and manage the Company's
technology infrastructure and will provide around-the-clock monitoring,
assistance, and problem resolution for the Company's computing environment, as
well as network monitoring and business support processes.