Driven to success, David Lush is appointed President of Speedy Corporation

Speedy poised for continued growth under new executive leadership

TORONTO, Sept. 15 /CNW/ - Today, Speedy Corporation announced that David Lush has been appointed to President of the company. This appointment announcement confirms the Speedy Corporation's ongoing commitment to the continued success of the national franchise network. As an extension of his role, David will also be President of Speedy's wholly owned subsidiary, Minute Muffler.

In the role as President, David will oversee all strategic and operational aspects of both Speedy's and Minute Muffler's businesses, including relationships with franchisees, management of corporate outlets, supplier negotiations and the sales, marketing and communications aspects of the business.

David Lush joins Speedy with a rich background in the automotive sector, having held senior executive positions at Carstar Automotive, Midas International, Canadian Tire and Goodyear Canada. Backed by experience managing a major automotive client at an advertising agency, David also has extensive knowledge in strategic marketing and brand positioning.

"I am simply thrilled to join the Speedy Corporation - a brand that has been synonymous with integrity and quality since the company first opened its doors in the early 50s," said David Lush, President, Speedy Corporation. "Having worked in the automotive industry for over two decades, I am confident my skills in franchisee and vendor relations, ability to optimize operational performance, as well as enhance the overall brand will no doubt be an asset to Speedy."

Steven Goldman who previously held the position of President will continue his role in the business as Speedy Corporation's Chief Executive Officer.

"David's experience in the auto industry is unparalleled," said Steven Goldman, Chief Executive Officer, Speedy Corporation. "David Lush is a tremendous addition to the Speedy team, and his timing could not be more perfect; the economy has turned a corner, and Speedy is primed for growth."

Recognizing the changing expectations of its customers, Speedy has become an industry leader by developing innovative, demographic-specific programs such as the Women Drivers Workshops.

As a fully capitalized and profitable organization, the Speedy Corporation is poised for growth. The company recognizes the value each member of the franchisee network contributes to the whole of the Speedy brand and is eager to increase its network substantially over the next few years.

With a national franchise network of over 70 Speedy and 87 Minute Muffler locations from coast-to-coast, Speedy is one of Canada's largest while-you-wait automobile repair specialists.

About Speedy Corporation

Speedy Corporation owns and operates Speedy Auto Service across Canada, with six corporately owned shops and 66 franchised locations. Speedy Auto Service shops specialize in offering the very best while-you-wait service for all makes and models of cars, light trucks and SUV's. Speedy specializes in muffler replacement, brakes, shock absorbers, struts and front end repairs as well as the sale of tires, road safety inspections and vehicle maintenance services that include oil, lube and filter replacement. Prior to 1993, Speedy Auto Service was known as Speedy Muffler King, the first muffler replacement specialists in North America, and the brand that coined the slogan, 'At Speedy, you're a somebody.' Speedy also owns the Minute Muffler chain, which has 87 franchised locations across Canada.

SOURCE SPEEDY CORPORATION

For further information: For further information: Interviews or images contact: Mansfield Communications Inc., Tiffany Fisher, office: (416) 599-0024 ext. 222, mobile: (416) 456-7650

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SPEEDY CORPORATION

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