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GMA Partners President Troy T. Taylor Named 1-800-AutoTow Chairman

1 September 1999

GMA Partners President Troy T. Taylor Named 1-800-AutoTow Chairman; Jay W. Clark, Julian Mohr Join Board of Directors

    BOYNTON BEACH, Fla.--Sept. 1, 1999--Troy T. Taylor, president of the Atlanta-based merchant and investment banking firm GMA Partners, Inc., has been named chairman of the board of directors for 1-800-AutoTow(tm) (OTC:AUTWE), a company using technological innovations in its consolidation of America*s vehicle towing industry.
    Joining Taylor on the 1-800-AutoTow(tm) board are Jay W. Clark, GMA Partners managing director, and Julian Mohr, chief executive officer of Atlanta-based industrial chemical company Momar, Inc.
    "It is with great pleasure that I welcome Troy Taylor as Chairman of the Board at 1-800-AutoTow(tm)," said Joel B. Nagelmann, 1-800-AutoTow(tm) president and CEO. "His expertise in acquisitions and his leadership in the boardroom will serve us well in our goal of growth and industry consolidation. Jay Clark and Julian Mohr also bring tremendous business experience and leadership to us during an exciting time in this company's history."
    Taylor brings to the 1-800-AutoTow(tm) Board of Directors more than 14 years of investment and merchant banking experience, primarily advising middle market companies and entrepreneurs regarding mergers and acquisitions, and public and private capital raising. Prior to joining GMA, Taylor was a founder and senior vice president of Legacy Capital Partners LLC, an equity fund investing in emerging growth companies. Prior to that he was a managing director of KPMG Peat Marwick LLP, where he was responsible for that company's corporate finance activities in the Southeastern U.S. Taylor earned his B.S. and MBA at The Wharton School of Business, University of Pennsylvania.
    "Building a nationally branded auto towing company by acquiring the finest firms in that industry is an ambitious undertaking," Taylor said. "But with 1-800-AutoTow's well thought-out business strategy combined with its quality personnel, we are poised for growth and success. We certainly have a solid foundation upon which to grow."
    Clark brings more than a decade's experience in investment banking, merchant banking and corporate banking to the 1-800-AutoTow(tm) board. Clark's primary duties with GMA Partners are to advise middle market clients and entrepreneurs regarding capital raising in both the debt and equity markets, mergers and acquisitions, and merchant banking transactions. Clark earned his MBA at Emory University's Goizueta Business School and B.S. at the University of Florida.
    Mohr is chief executive officer of Momar, Inc., an international chemical company founded in 1946. In addition to its U.S. operations, Momar has operations in South Africa, Malaysia, Australia and Canada. Mohr is an active participant in the Atlanta business and charitable communities, and he currently is a member of the advisory board of the Georgia State University Business School. Mohr attended Washington and Lee University.
    1-800-AutoTow(tm) is acquiring vehicle towing companies in metropolitan areas across the nation and will consolidate those operations under a single brand name. 1-800-AutoTow(tm) is one of three national consolidators rolling up the nation's fragmented vehicle towing and recovery industry, which is estimated to consist of more than 36,000 companies with $12 billion to $15 billion in annual revenues. The other two are United Road Services, Inc. (NASD:URSI) and Miller Industries . The company plans to set itself apart from competitors through its use of cutting-edge technologies such as automated 24-hour dispatching, GPS (Global Positioning Satellite) and mapping software.
    Founded in 1997, 1-800-AutoTow(tm) is based in Boynton Beach, Fla. The company's management team consists of a diverse and experienced group of entrepreneurs, senior operating executives and towing veterans. More information is available at www.1800AutoTow.com.