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• SHARPER IMAGE NEW CEO IS TURNAROUND SPECIALIST
• BARRY CALLEBAUT ACQUIRES COCOA FACTORY IN PHILADELPHIA
• PRINTPACK INC. ACQUIRES SEAL-IT, INC.
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• ENCOMPASS ADDS MICHAEL F. GRIES TO EXECUTIVE TEAM AS CHIEF RESTRUCTURING OFFICER
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ENCOMPASS ADDS MICHAEL F. GRIES TO EXECUTIVE TEAM AS CHIEF RESTRUCTURING OFFICER

October 7, 2002 BUSINESS WIRE

Encompass Services Corporation (Pink Sheets:ESVN - News) announced that, in connection with its exploration of options to strengthen the Company’s financial position, the board of directors has appointed Michael F. Gries to the newly created position of Chief Restructuring Officer (CRO). Mr. Gries will report to Joe Ivey, president and chief executive officer of Encompass. "We’re delighted to have Michael join our team," said Joe Ivey. "I am certain that his proven success in business restructuring will prove very beneficial to Encompass as we move forward." For over 20 years, Mr. Gries has specialized in providing business and financial advice to companies, investors and other parties in both distressed and turnaround situations in diverse domestic and international businesses, including heavy industrial products; light manufacturing, including apparel and food processing; construction; retail; advertising; newspaper publishing and broadcasting. He is one of the founders of the financial advisory firm, Conway, Del Genio, Gries & Co (CDG). About Encompass Services Corporation Encompass Services Corporation is one of the nation’s largest providers of facilities systems and services. Encompass provides electrical technologies, mechanical services and cleaning systems to commercial, industrial and residential customers nationwide. Additional information and press releases about Encompass are available on the Company’s Web site at www.encompass.com.