Andre B. Lacy Announces Retirement from FinishMaster, Inc.

INDIANAPOLIS -- Andre B. Lacy, age 67, Chairman and Chief Executive Officer of FinishMaster, Inc. (Pink Sheets:FMST), retired December 31, 2006. He will continue to serve as Chairman Emeritus for FinishMaster and as Chairman of LDI, Ltd., the company that owns a majority interest in the publicly traded FinishMaster.

"When we acquired a majority interest in FinishMaster in 1996, I believed the organization had significant potential for growth. Over the past 10 years, we have realized that growth and have built the infrastructure for continued growth," Lacy said. "It has been a great ride."

David N. Shane, age 58, President and Chief Executive Officer of LDI, Ltd., will succeed Lacy as Chairman. Shane joined LDI in 1997 as Vice President and Corporate Counsel, was promoted to President and Chief Operating Officer in 2002, and in December of 2006 took on the responsibility of CEO. In describing his new role as Chairman of FinishMaster, Shane said, "FinishMaster has great employees and a solid leadership team and I'm looking forward to working with them to keep the momentum going."

In addition, J.A. Lacy, President of FinishMaster, was promoted to President and Chief Executive Officer. Lacy joined FinishMaster in 1999 as Senior Vice President of Planning, after serving as President of Tucker Rocky Canada, another LDI company. He was promoted to President in 2002. "I view my new role as just a continuation of our efforts to build shareholder value for our investors," Lacy commented. "Our industry is changing and I know Dave's guidance will help us continue to develop the infrastructure, organization skills and improved processes that will lead to continued growth and value creation."

FinishMaster is the leading national independent distributor of automotive paints, coatings and related accessories to the automotive collision repair industry. The Company is headquartered in Indianapolis, Indiana and operates three major distribution centers and 170 branches in 27 of the 35 largest metropolitan areas in the country. For more information on FinishMaster via the Internet, visit FinishMaster's website at www.finishmaster.com.