SAN JOSE, Calif., June 28, 2002 — Arrow Capital Corporation announced that it has signed a vendor program agreement with Myers Tire Supply, a division of Myers Industries (NYSE: MYE) and the largest U.S. wholesale distributor of equipment, and supplies for tire, wheel, and allied service needs.

Myers will use a custom-designed Arrow program to assist in marketing service equipment to their end user customer base. Arrow will administer the program, which will be integrated into Myers Tire Supply's sales and marketing channels.

This new financing package was developed as part of Arrow's strategy of providing creative, and marketing oriented financial merchandising solutions for automotive repair equipment companies. Historically customers of equipment companies face challenges in accessing the capital needed for equipment, and they also desire an accelerated return on their equipment investment.

The program offers Myer's customers a broad range of flexible financing options including true leases, finance leases, and other creative structures. This will enable Myer's customers to have a high degree of flexibility in managing their capital position. In addition to responding to this demand for flexibility, a ready access to equipment financing will provide companies with a blueprint for growth of their business, resulting in increased sales of Myer's products.

"Arrow's program enhances our competitive position since we are able to offer a value added service to both financially stable, as well as financially challenged companies," said Richard Nunez, General Manager of Myers Tire Supply Branches. "A ready source of equipment financing expands our capabilities and assures our clients that we can meet the demands of their growing businesses."

About Myers Tire Supply
An extensive product line, broad distribution coverage, and 68 years of experience provide Myers Industries customers single-source efficiency for tire, wheel, and under vehicle service products. The Myers Tire Supply brand is the largest U.S. wholesale distributor of tools, equipment, and supplies for tire, wheel, and allied service needs on passenger, truck, and off-highway vehicles. There are nearly 10,000 different items to meet the needs of customers - from hydraulic lifts and wheel balancers to consumable supplies such as tire patches and repair chemicals. Myers provides widespread sales coverage from 43 U.S. and five international distribution branches.

Myers Tire Supply can be contacted at 1293 S. Main St., Akron, OH 44301; phone 330-253-5592; fax 330-761-6156; www.myersind.com

About Arrow Capital
Founded in 1988, Arrow Capital is a financial services company that specializes in creating innovative, customized equipment leasing programs for equipment manufacturers and distributors. Arrow's programs enable its partners to increase revenue, maximize profitability and grow market share. Arrow sets itself apart with its financial program flexibility, broad funding capabilities, long-term company stability and deep industry experience. Arrow has headquarters in San Jose, Calif. and sales offices in several other California locations and the East Coast.

Arrow Capital can be contacted at 6910 Santa Teresa Blvd., 2nd Floor, San Jose, Calif., 95119-1339; phone 408-961-8900; fax 408-961-8957; www.arrowcapital.net

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