Article: Earl Scheib Announces It Has Closed a $10 Million Credit Facility with Wells Fargo Foothill.

Business Editors

SHERMAN OAKS, Calif.--(BUSINESS WIRE)--Aug. 13, 2003

Earl Scheib, Inc. (AMEX:ESH) today announced that it has closed a $10 million secured revolving credit facility with Wells Fargo Foothill.

Chris Bement, President and Chief Executive Officer, stated that, "We continue to focus our efforts to serve the best interests of our shareholders and maximize shareholder value. This $10 million credit facility will provide increased financial flexibility for the Company as we and our investment bankers, Ryan Beck & Co., evaluate alternatives to improve shareholder value and the Company's long-term outlook."

Earl Scheib, Inc., ...

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