Aftermarket Technology Corp. Announces Appointment of Don Johnson to CEO

WESTMONT, Ill., Feb. 23, 2004 -- Aftermarket Technology Corp. , today announced that its Board of Directors has appointed Don Johnson as CEO and President, succeeding Mike DuBose, who will remain as Chairman.

Don joined ATC on January 1, 2004 as the Company's President and COO. Don was employed by Ford Motor Company from 1999-2003 where he was Global Director of Parts, Supply and Logistics, responsible for the global service parts supply chain, leading Ford to Best in Class performance. Prior to Ford, Don was employed by Caterpillar, Inc. where he held increasingly responsible positions in information technology, parts and service, logistics and including work with remanufacturing. The final eight of his 26 years at Caterpillar, he was Vice President in the fast growing subsidiary, Caterpillar Logistics Services, Inc.

In commenting on the appointment, Mike DuBose, Chairman, said, "I am very pleased to announce Don as my designated successor. Don's obvious leadership talent, his quick and thorough understanding of our businesses and his perspectives for the Company's tremendous opportunities for growth has impressed the entire Board. He is the ideal leader for ATC's growth phase, given his unique background that bridges both the automotive and logistics industries. Don will also be an invaluable resource as one of the Company's principal contacts with key customers as he works to build on and expand these relationships. I look forward to working with Don as he successfully steers ATC toward sustainable growth and increased shareholder value in the years ahead," DuBose concluded.

The Company reaffirmed its 2004 earnings guidance of $1.40-$1.50 per share.

ATC is headquartered in Westmont, Illinois. The Company's operations include drivetrain remanufacturing for the automobile manufacturers and the independent aftermarket, third party logistics, electronics remanufacturing and reverse logistics services.

The preceding paragraphs contain statements that are not related to historical results and are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those that are predictive or express expectations, that depend upon or refer to future events or conditions, or that concern future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, or possible future Company actions. Forward-looking statements involve risks and uncertainties because such statements are based on current expectations, projections and assumptions regarding future events that may not prove to be accurate. Actual results may differ materially from those projected or implied in the forward-looking statements. The factors that could cause actual results to differ are discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2003 and other filings made by the Company with the Securities and Exchange Commission.