Hometown Auto Retailers to Host Conference Call to Discuss First Quarter Financial Results

25 May 2000

Hometown Auto Retailers to Host Conference Call to Discuss First Quarter Financial Results

    WATERBURY, Conn.--May 22, 2000--Hometown Auto Retailers, Inc. today announced it will hold a conference call to discuss the financial results for the first quarter ended March 31, 2000.
    The conference call is scheduled for Tuesday, May 23, 2000 at 4:15 pm EST. Those interested in participating in the call should dial 800-888-2647 five minutes prior to 4:15 pm EST. The Company invites all shareholders and any other interested parties to participate.
    Management will provide a corporate update and discuss the financial results of the most recent quarter, followed by an open Q&A forum.
    Hometown Auto management on the call will be Corey Shaker, President and Chief Operating Officer and Michael Shonborn, Chief Financial Officer.

    About Hometown Auto Retailers

    Hometown Auto Retailers sells new and used cars and light trucks, provides maintenance and repair services, sells replacement parts and provides related financing, insurance and service contracts through 11 franchised dealerships located in New Jersey, New York, Connecticut, Massachusetts and Vermont. The Company's dealerships offer 13 American and Asian automotive brands, including Chevrolet, Chrysler, Daewoo, Dodge, Ford, Isuzu, Jeep, Lincoln, Mazda, Mercury, Oldsmobile, Plymouth and Toyota. The Company is active in two "niche" segments of the automotive market: the sale of Lincoln Town Cars and limousines to livery car and livery fleet operators and the maintenance and repair of cars and trucks at a Ford and Lincoln Mercury factory authorized free-standing service center.
    For an in-depth research report on Hometown Auto Retailers, visit www.nfnonline.com/hcar/4page.html.

    This release contains "forward-looking statements" based on current expectations but involving known and unknown risks and uncertainties. Actual results or achievements may be materially different from those expressed or implied. The Company's plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, its ability to consummate, and the timing of, acquisitions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the control of the Company. Therefore, there can be no assurance than any forward-looking statement will prove to be accurate.