SHERMAN OAKS, CA — Earl Scheib’s board of directors has retained investment banking firm Wedbush Morgan Securities to assist the company in exploring strategic alternatives to enhance stockholder value. The firm will also act as the company’s exclusive financial adviser to assist management and the company’s board of directors in this process.

Founded in 1937, Earl Scheib, Inc., is a nationwide operator of 98 automotive paint and collision repair shops located in 22 states and the District of Columbia. In addition, through a wholly owned subsidiary, Earl Scheib manufactures paint coating systems that are used not only by its paint and collision repair shops, but are also sold to original equipment manufacturers and used by architectural construction firms.

Chris Bement, president and chief executive officer, stated that, "We continue to be very focused on our mission to serve the best interests of our stockholders. By hiring Wedbush Morgan Securities and its experienced bankers who specialize in middle market companies, we express our belief that the company’s current market capitalization does not reflect the true value of our strong position and opportunities in the aftermarket automotive paint and collision repair industry."

For more information, visit www.earlscheib.com.