Earl Scheib Announces Addition to the Board of Directors

    SHERMAN OAKS, Calif.--Feb. 6, 2002--Earl Scheib, Inc. (AMEX:ESH) announced that its Board of Directors elected Allan E. Buch as a member.
    Mr. Buch is a private investor and was the co-founder and former Chief Executive Officer of Empco Industries which was an automotive tire and wheel distributor in the United States and International markets. Mr. Buch was also the co-founder and President of Capital Group Tire Sales which operated a chain of approximately 95 retail stores in 10 states and sold tires, brakes, batteries and other related automotive products until its sale in 1990. He serves as a Trustee at the University of California Foundation at Berkeley. Mr. Buch brings over 30 years experience in the retail automotive products industry to the Company.
    Chris Bement, Chief Executive Officer and President, stated that, "We are very pleased to have Allan Buch join our Board of Directors and filling the last authorized position. Mr. Buch's extensive experience in the multi-location retail automotive industry will be invaluable as a member of the Board as we proceed with restructuring our retail paint and body shops."
    Earl Scheib, Inc., founded in 1937, is a nationwide operator of 135 auto paint and body shops located in more than 100 cities throughout the United States.

    "Safe-Harbor" Statement Under the Private Securities Litigation Reform Act of 1995

    Certain written and oral statements made by the Company may be "forward-looking statements" as defined under the Private Securities Litigation Reform Act of 1995, including statements made in this news release and in filings with the Securities and Exchange Commission. Generally, the words "believe", "expect", "hope", "intend", "estimate", "anticipate", "plan", "will", "project", and similar expressions identify forward-looking statements which generally are not historic in nature. All statements, which address operating performance, events, developments or strategies that the Company expects or anticipates in the future, are forward-looking statements.

    Forward-looking statements involve risks and uncertainties that could cause actual results or events to differ materially from the Company's past experience or current expectations. The following are some of the risks and uncertainties that may impact the forward-looking statements: the impact of the Company's retail paint and body shop closures and operational restructuring, the effect of weather, the effect of economic conditions, the impact of competitive products, services, pricing capacity and supply constraints or difficulties, changes in laws and regulations applicable to the Company, the impact of advertising and promotional activities, the impact of the Company's expansion of its fleet services division, new product rollout and Quality Fleet and Truck Centers, commercial coatings business, the potential adverse effects of certain litigation, financing or lending constraints and the impact of various tax positions taken by the Company.