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Monday February 5

Planet Salvage Elects Former Western Auto Chairman, John Leach, as Chairman of Its Board of Directors

LENEXA, Kan. -- Planet Salvage has appointed John Leach as Chairman of the Company's Board of Directors. He formerly served as Chairman and CEO of Western Auto from 1977 to 1996 and held several executive level positions for the Auto Store Group of Sears Roebuck and Co. from 1971 to 1977.

"Mr. Leach's reputation and qualifications are well known throughout the automotive industry. With his leadership, we will be able to better position the company to take advantage of the many opportunities that are emerging in the automotive parts market place. We are very excited about John's commitment to the Company," said Scott Petersen, Planet Salvage President and CEO.

"I am delighted to escalate my involvement with Planet Salvage," said Leach. "Things are changing quickly in this market and I am anxious to be in the forefront of the Company's efforts."

Leach has 25 years experience in the automotive care industry and currently serves as CEO of Autopact Company. Prior to his appointment as Chairman, Leach served on the Planet Salvage Board of Advisors and is an investor in the Company.

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