The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

United Road Services, Inc. to Bring in New Chief Executive Officer

22 June 1999

United Road Services, Inc. to Bring in New Chief Executive Officer; Search to Commence for Professional to Lead Growth
    ALBANY, N.Y., June 22 -- United Road Services, Inc.
today announced that its Board of Directors is commencing a
search to recruit a chief executive officer with the skills and experience to
lead the Company, which has grown rapidly over the past year and a half in
terms of both size and scope of services, into its next stage of development.
Donald F. Moorehead, Jr., an independent director, has been named by the Board
as Chairman, succeeding Edward T. Sheehan, who will no longer serve as
Chairman and Chief Executive Officer.  Allan D. Pass, Ph.D., will continue
as President and Chief Operating Officer, and Donald Marr will continue as
Chief Financial Officer.  Mr. Sheehan will continue to be a member of the
Board.
    Mr. Moorehead, who has been a director of the Company since May 1998, is
Chairman and Chief Executive Officer of EarthCare Company, a waste water
management company.  From 1990 through 1994, he served as Chairman and Chief
Executive Officer of USA Waste Services, Inc.
    Mr. Moorehead stated, "United Road Services, Inc. has changed dramatically
as a company and an organization.  Over the past 16 months the company has
completed an initial public offering, made numerous acquisitions and built its
acquired revenue base to approximately $270 million.  We are a company that
now has important size, and with our businesses and market scope, strong
long-term potential.  We are grateful for the energies that Ed Sheehan has
devoted to bringing United Road Services to this stage, and we look forward to
his continued contributions to the company as a member of the Board.
    "With respect to the present financial performance of United Road
Services, for the second quarter which will end June 30, 1999, the company
anticipates that its diluted earnings per share will be between 5 and 8 cents.
The lower-than-expected results relate primarily to performance difficulties
in the towing line portions of our businesses, particularly in the East Coast
segment of this business line.
    "These difficulties, as we have previously stated, involve costs
associated with scrap steel under one contract and the effects of the recent
mild weather.  However, we remain comfortable with the fundamentals of our
business.
    "The Board's priority is to build the long-term value of United Road
Services to the benefit of the company's shareholders, employees and
customers.  As the leader in our industry, we expect to recruit a chief
executive officer who is of the highest caliber and who will build, manage and
lead this company into its next stage of development," Mr. Moorehead said.
    United Road Services, Inc., headquartered in Albany, New York, is a
leading provider of national transport and regional towing and recovery
serves.  The Company currently operates a network of 66 transport, towing and
recovery locations throughout the United States.  The Company's comprehensive
range of services includes transporting new and used vehicles and heavy
equipment, towing, impounding and storing motor vehicles and conducting lien
sales and auctions of abandons vehicles.  The Company's customer base includes
national automobile leasing and insurance companies, new car manufacturers,
automobile dealers, governmental agencies, automobile auction companies and
individual motorists.  More information regarding United Road Services may be
obtained from the Company's website at http:/www.unitedroad.com.
    This release may contain "forward-looking statements" within the meaning
of the Private Securities litigation Act of 1995.  These statements are
subject certain risks and uncertainties that could cause actual results to
differ materially from those anticipated in the forward-looking statements.
Readers should not place undue reliance once on forward looking statements,
which reflect management's view only as of the date hereof.  The Company
undertakes no obligation to publicly revise these forward-looking statements
to reflect subsequent events or circumstances.  Readers should carefully
review the risk factors described in documents the Company files from time to
time with the Securities and Exchange Commission.