Reflecting the company's financial restructuring, a new board of directors that represents the company's new owners has also been named.

    "By completing our financial reorganization, Safelite moves forward with significantly less debt and more cash available to fund improvements to our operations, such as technology to provide faster, more convenient mobile service; call center improvements to offer more complete claims solutions for our insurance and fleet clients; and expansions to our wholesale business," said John Barlow, Safelite President and CEO.

    "All of these changes form a strong foundation for growth as we move to realize our vision of becoming America's first choice for auto glass repair and replacement services."

"We are also proud to say that we have been able to continue to provide
excellent service to our customers throughout the restructuring process,"
Barlow continued. "Thanks to the support of our associates and vendors, we were able to maintain customer satisfaction ratings of better than 98%."

As part of the company's financial restructuring, a new Board of Directors has also been announced. The new Board represents an important base of knowledge in the automotive, insurance, manufacturing and retailing industries that will benefit Safelite as the company continues to grow market share.

The new Board members include:

CHAIRMAN - George T. Haymaker, Jr. of Kaiser Aluminum. The company is one of the world's leading producers and marketers of aluminum.

Wilson C. Cooney, former Deputy CEO of Property and Casualty Operations for insurance and financial services holding company USAA (United Services Automobile Association.) USAA provides insurance, investment, banking and other services.

Donald DeFosset, Jr., most recently Executive Vice President and Chief Operating Officer of Dura Automotive Systems, Inc., a manufacturer of mechanical assembly systems, components, hardware and cables for the auto industry.

James J. Gaffney, Chairman and President of Vermont Investments Ltd. Mr. Gaffney was previously President and CEO of General Aquatics. He serves on several corporate boards as well.

Laurie M. Shahon, President and Founder of Wilton Capital since January 1994. Wilton Capital makes principal investments in later-stage venture capital companies and medium-sized management buyouts. Ms. Shahon also serves on the boards of several retail interests.

Michael S. Wilder, who will be soon retiring from his position as Senior Vice President and General Counsel of the Hartford Financial Services Group. The Hartford offers personal, commercial, specialty and reinsurance property and casualty coverage as well as life insurance, employee benefits, and asset management plans.

    Other directors include Safelite President and CEO John Barlow, Safelite CFO Doug Herron, and Safelite Senior Vice President Dan Wilson.

    Safelite AutoGlass filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code on June 9, 2000. The Company completed today all of the requirements to emerge from bankruptcy. This implementation of the court-approved Plan of Reorganization brings to an end Safelite's financial restructuring process.