Amtech Elevator Services Awarded Major Contract Renewal With Macy's West.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--Nov. 10, 2000

Amtech Elevator Services, a wholly-owned subsidiary of ABM Industries Incorporated (NYSE:ABM), has signed a multi-year, multi-million dollar contract renewal to provide elevator maintenance and repair services for Macy's West in the western United States. The contract covers elevators and escalators at all 111 Macy's stores located in Arizona, California, New Mexico, Nevada and Texas.

"We welcome and appreciate the extension of our relationship with Macy's," said Eric Lazear, president of Amtech Elevator Services. "Our maintenance services will ensure that Macy's vertical transportation system operates efficiently and reliably to benefit all Macy's customers and employees," he added.

"As the property management company for Macy's West, SRI is pleased with the new contract and the success of our continued relationship with Amtech Elevator," said Martin Gusky, western region vice president for SRI. "We continue to find the value and service we receive from Amtech to be excellent and the personal attention and commitment from Anthony Montapert, Amtech's vice president and account manager, to be unparalleled in the industry," he added.

Macy's West is a subsidiary of the Federated Department Stores, Inc. (NYSE:FD), which is the nation's largest department store retailer, with annual sales of more than $17.3 billion. Federated has corporate offices in Cincinnati and New York, and operates more than 400 department stores in 33 states, under the names of Bloomingdale's The Bon Marche, Burdines, Goldsmith's Lazarus, Macy's, Rich's and Stern's. Federated also operates the Fingerhut, Bloomingdale's By Mail, Macy's By Mail and Macy's.com direct-to-consumer catalog and electronic commerce subsidiaries.

Amtech Elevator Services is the largest independent elevator service company in the United States. Amtech Elevator operates regional offices and warehouses across the country from headquarters in Los Angeles, and serves major metropolitan areas such as Atlanta, Chicago, Cincinnati, Denver, Detroit, Houston, Las Vegas, Philadelphia, Phoenix, San Diego, San Francisco and Washington, DC.

ABM Industries Incorporated is the largest facility service contractor listed on the New York Stock Exchange. With annualized revenues in excess of $1.7 billion and more than 57,000 employees, ABM performs air conditioning, elevator, engineering, janitorial, lighting, mechanical, parking and security services for thousands of commercial, industrial and institutional facilities in hundreds of cities across North America. In addition to Amtech Elevator, the ABM Family of Services includes American Building Maintenance, Ampco System Parking, American Commercial Security (ACS), Amtech Lighting, ABM Engineering, ABM Janitorial, CommAir Mechanical, and Easterday Janitorial Supply.