Morgan Keegan Initiates Coverage of Midas with an ``Outperform'' Rating

ITASCA, Ill.--May 1, 20051, 2005--Morgan Keegan & Company, Inc., has initiated coverage of Midas, Inc., with an "Outperform" rating.

In a summary of his research, Morgan Keegan specialty retailing analyst John Lawrence cites Midas' "transformation from a parts manufacturer and distributor to a large automotive aftermarket franchisor" and the company's "expansion into new, lucrative automotive services categories" in support of his rating.

Midas also is covered by C. L. King & Associates with a "Strong Buy" and by Sidoti & Company LLC with a "Buy" rating.

Midas is one of the world's largest providers of automotive service, offering brake, exhaust, maintenance, tires, steering and suspension services at more than 2,600 franchised, licensed and company-owned Midas shops in 19 countries, including 1,800 in the United States and Canada.

NOTE: This news release contains certain forward-looking statements that are based on management's beliefs as well as assumptions made by and information currently available to management. Such statements are subject to risks and uncertainties, both known and unknown, that could cause actual results, performance or achievement to vary materially from those expressed or implied in the forward-looking statements. The company may experience significant fluctuations in future results, performance or achievements due to a number of economic, competitive, governmental, technological or other factors. Additional information with respect to these and other factors, which could materially affect the company and its operations, is included in the company's filings with the Securities and Exchange Commission, including the company's 2004 annual report of Form 10-K.