Corrpro Announces Termination of SEC Reporting and Delisting From AMEX

Corrpro Announces Termination of SEC Reporting and Delisting From
AMEX 


MEDINA, Ohio, June 29  /PRNewswire-FirstCall/ -- Corrpro Companies, Inc.
(AMEX:CO/PinkAMEX:Sheets), announced today that it filed an application to
voluntarily delist its common shares from the American Stock Exchange ("AMEX")
with the AMEX and the Securities and Exchange Commission (the "SEC") and filed
a Form 15 with the SEC to deregister its Common Shares under the Securities
Exchange Act of 1934, as amended (the "Exchange Act").  As indicated in a press
release issued by the Company on March 21, 2005, the Company's Board of
Directors began consideration of the decision to deregister and delist the
Common Shares as a result of, among other things, the uncertainty over the
Company's continued listing on the AMEX and the ongoing costs of being a
reporting company.

Immediately upon the filing of Form 15, the Company will no longer be obligated
to file certain reports with the SEC, including Forms 10-K, 10-Q and 8-K.  The
Company, however, intends to voluntarily file a Form 10-K for the fiscal year
ended March 31, 2005.

Based on the filing of the application for delisting and the Form 15, the AMEX
has indicated that it will suspend trading of our common shares on the AMEX
effective immediately.  The Company anticipates that the Common Shares will
continue to be quoted on the Pink Sheets; however, the Company can give no
assurances that the Common Shares will continue to be so quoted.  The Pink
Sheets system is a centralized quotation service that provides pricing and
financial news and information for the over-the-counter securities markets and
collects and publishes market maker quotes in real time primarily through its
website, http://www.pinksheets.com/.

Joseph P. Lahey, the Company's President and CEO, commented that "the Company's
Board of Directors unanimously approved the delisting and deregistration of the
Common Shares.  The costs and administrative burdens associated with being a
reporting company have significantly increased, particularly in light of new
SEC and Sarbanes-Oxley requirements.  In light of the lack of an active trading
market for the Company's stock and the Company's intent not to access the
public capital markets for its foreseeable financing needs, the advantages of
being a reporting company are outweighed by the significant external and
internal costs associated with the reporting requirements for public companies.
 We believe that delisting and deregistering will significantly reduce
expenses, avoid potentially higher future expenses, enable our management to
focus more of its time on operating the Company, and create greater value for
our shareholders."  The deregistration and delisting of the Common Shares was
unanimously recommended to the Board by a special committee of independent
directors.  The special committee engaged and consulted an independent
financial advisor and its own legal counsel prior to making its recommendation.

Notwithstanding the Company's decision to delist and deregister the Common
Shares, the Company currently intends to continue to hold annual meetings and
to provide its shareholders and the interested public with audited financial
statements on an annual basis.  The Company also intends to comply with all
information and notice requirements under Ohio and other applicable law and the
Company's articles of incorporation and code of regulations.

The Company does not believe that delisting from the AMEX and deregistering
under the Exchange Act will materially impact its current operations, current
relationships with employees, customers or suppliers or its existing financing
arrangements.

Corrpro, headquartered in Medina, Ohio, with over 30 offices worldwide, is the
leading provider of corrosion control engineering services, systems and
equipment to the infrastructure, environmental and energy markets around the
world.  Corrpro is the leading provider of cathodic protection systems and
engineering services, as well as corrosion protection services relating to
coatings, pipeline integrity and reinforced concrete structures.

Except for historical information, the matters discussed in this press release
are forward-looking statements relating to the business of the Company. The
forward-looking statements are made under the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Words such as "anticipates,"
"expects," "intends," "plans," "believes," "seeks," "estimates" "will" or
variations of such words and similar expressions are intended to identify such
forward-looking statements. The Company believes that the following factors,
among others, could affect its future performance and cause its actual results
to differ materially from those that are expressed or implied by
forward-looking statements, or diminish the liquidity of its Common Shares:
actual financial results of the Company; failure to have at least one market
maker continue to make a market in the Company's Common Shares on the Pink
Sheets following delisting; denial of the application to voluntarily delist
from AMEX; denial of the Form 15 to deregister under the Exchange Act; becoming
subject to the Exchange Act in the future; the actual amount of cost savings
and other benefits from being a non-reporting company; fluctuations in foreign
currency exchange rates; the impact of mark-to-market accounting treatment of
outstanding warrants; compliance with an SEC injunction related to accounting
irregularities; the Company's mix of products and services; the timing of
projects; the availability and value of larger projects; qualification
requirements and termination provisions relating to government projects; the
impact of inclement weather on the Company's operations; the impact of energy
prices on the Company's and its customers' businesses; adverse developments in
pending litigation or regulatory matters; the impact of existing, new or
changed regulatory initiatives; the impact of one entity holding a majority of
the voting power of the Company; and the impact of changing global political
and economic conditions. Further information concerning factors that may affect
the Company's business and performance are set forth in the Company's filings
with the Securities and Exchange Commission. The Company assumes no obligation
to update any of the information contained or referenced in this press release.


DATASOURCE: Corrpro Companies, Inc.



CONTACT:  Joseph P. Lahey, President and CEO of Corrpro Companies, Inc.,

[phone]



Web site:  http://www.corrpro.com/

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