Hometown Auto Retailers has announced that Nasdaq's Listing Qualification Staff had decided to delist Hometown's common stock on Dec. 29, 2000 for failure to maintain the minimum market value criteria for continued listing on the Nasdaq National Market System.

Hometown has been granted a hearing on Feb. 1, 2001 before a Nasdaq Listing Qualifications Panel to review the Staff's determination. Delisting of Hometown's common stock will be deferred pending the Panel's decision. There can be no assurance that the Panel will grant Hometown's request for continued listing.

About Hometown

Hometown Auto Retailers sells new and used cars and light trucks, provides maintenance and repair services, sells replacement parts and provides related financing, insurance and service contracts through 10 dealerships located in Connecticut, Massachusetts, New York and Vermont.

Hometown's dealerships offer 13 American and Asian automotive brands, including Chevrolet, Chrysler, Daewoo, Dodge, Ford, Isuzu, Jeep, Lincoln, Mazda, Mercury, Oldsmobile, Plymouth and Toyota.

It is active in two "niche" segments of the automobile market: the sale of Lincoln Town Cars and limousines to livery car and livery fleet operators and the maintenance and repair of cars and trucks at a Ford and Lincoln Mercury factory authorized free-standing service center.