Hometown Auto Retailers Schedules Conference Call to Discuss Second Quarter 2001 Results

    WATERTOWN, Conn.--Aug. 7, 2001--Hometown Auto Retailers (OTC BB: HCAR) has scheduled a conference call for Wednesday, August 8, 2001 at 4:00 p.m. (ET) to discuss its second quarter 2001 results. The call will be hosted by Corey Shaker, president and chief executive officer of Hometown.
    Brokers, financial professionals and investors should call Politis Communications, Hometown's investor relations firm, at 801-523-3730 to receive the conference call 800-number. Callers are advised to dial in to Thursday's call at least 10 minutes prior to the designated time, request the Hometown Auto Retailers conference call, and provide their name, affiliation, and phone number.
    If not able to participate in the call, a telephone replay will be available by dialing 800-475-6701 (U.S.) or 320-365-3844 (International) and entering the access code 598974. The replay will be accessible for three days following the call, beginning at 7:30 p.m. (ET) on Wednesday, August 8, 2001.

    About Hometown

    Hometown Auto Retailers (www.htauto.com) sells new and used cars and light trucks, provides maintenance and repair services, sells replacement parts and provides related financing, insurance and service contracts through 10 franchised dealerships located in New Jersey, New York, Connecticut, Massachusetts and Vermont. The company's dealerships offer 13 American and Asian automotive brands, including Chevrolet, Chrysler, Daewoo, Dodge, Ford, Isuzu, Jeep, Lincoln, Mazda, Mercury, Oldsmobile, Plymouth and Toyota. Hometown is also active in two "niche" segments of the automotive market: the sale of Lincoln Town Cars and limousines to livery car and livery fleet operators and the maintenance and repair of cars and trucks at a Ford and Lincoln Mercury factory authorized free-standing service center.

    This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results or achievements may be materially different from those expressed or implied. The company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the company. Therefore, there can be no assurance than any forward-looking statement will prove to be accurate.