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Earl Scheib Paint & Body Announces Joint Venture With Safelite AutoGlass

SHERMAN OAKS, Calif.--Aug. 2, 20035, 2003--Earl Scheib, Inc. (AMEX:ESH): In an effort to offer expanded products and services to its customers, Earl Scheib Paint & Body, America's oldest and largest owned-and-operated auto painting company, and Safelite AutoGlass, America's leading auto glass service company, have announced a joint venture where Safelite will become Earl Scheib's preferred auto glass provider for individual and fleet customers.

Earl Scheib customers will enjoy the ease of receiving affordable quality glass-replacement and repair services while their vehicle is receiving paint and body services at a participating Earl Scheib shop. Customers can make arrangements for mobile service as well.

Earl Scheib shops currently participating in this venture are located in Maryland, Washington, D.C., New Jersey, New York, Philadelphia, Pennsylvania and Virginia. Earl Scheib and Safelite plan to roll out a national program in upcoming months.

Earl Scheib, Inc., founded in 1937, is a nationwide operator of 120 retail auto paint and body shops located in approximately 100 cities throughout the United States making it the largest company-owned chain in the industry. In addition, Earl Scheib, Inc., through a wholly owned subsidiary, manufactures paint coating systems that are used not only by its paint and body shops, but are also sold to original equipment manufacturers. For more information, visit Earl Scheib on the web at www.earlscheib.com.

Privately held Safelite Glass Corp. is the leader in the $3.2 billion auto glass repair and replacement industry. Safelite is the only auto glass company with representation in all 50 states, serving more than 85% of the US population. The company's 6,000 associates provide auto glass repair and replacement solutions for more than 2 million customers annually. For more information, please visit the company's website at www.safelite.com.

"Safe-Harbor" Statements 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.