Hometown Auto Retailers Schedules Conference Call to Discuss First Quarter 2002, 2001 Annual Results and Restated 2000 and 1999 Results

    WATERTOWN, Conn.--June 4, 2002--Hometown Auto Retailers (OTCBB:HCAR)(OTCBB:HCARE) has scheduled a conference call for Thursday, June 6, 2002 at 4:00 p.m. (EDT) to discuss its results for the first quarter of 2002 (ended March 31), its 2001 annual results, and restated results for 2000 and 1999 (each year ended December 31).
    The call will be hosted by Corey Shaker, president and chief executive officer of Hometown.
    The dial-in numbers for the call are as follows: 800/288-8968 for callers in the U.S. and 612/332-1213 for international callers.
    Interested parties not able to participate in the call will be able to listen to a replay of the call at 7:30 p.m. (EDT) on Thursday, June 6, 2002 by dialing 800/475-6701 (U.S. callers) or 320/365-3844 (international callers) and entering 641224 as the access code. The replay will be available until 11:59 p.m. (EDT) Monday, June 10, 2002.

    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 12 American and Asian automotive brands, including Chevrolet, Chrysler, Daewoo, Dodge, Ford, Isuzu, Jeep, Lincoln, Mazda, Mercury, Oldsmobile, and Toyota. Hometown also operates a freestanding Ford and Lincoln Mercury factory authorized service center that provides maintenance and repair services of cars and trucks.

    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.