Dutton Associates Announces Investment Opinion: LESCO Neutral Rating Maintained By Dutton Associates

Dutton Associates continues its coverage of LESCO Inc.
(Nasdaq:LSCO) with an update report. LESCO's rating is maintained at
Neutral. The report by Dutton senior analyst Paul Resnik, CFA is
available at www.jmdutton.com as well as from First Call, Bloomberg,
Zacks, Reuters, Knobias, Investars and other leading financial
portals.
   LESCO is the largest supplier to the U.S. professional lawn-care
and golf-course markets. Over the past four years, the Company has
been engaged in an ongoing restructuring as it has sought to increase
profitability and put itself on a growth path. After putting new
management in place in 2001/2002, LESCO commenced to discontinue
low-profitability manufacturing operations, restart the expansion of
its Service Center(C) chain, cut headquarters expense and reconfigure
its distribution network. On October 7, 2005, LESCO consummated the
sale of substantially all of its supply chain assets to Turf Care
Supply Corp. (TCS), an affiliate of Platinum Equity LLC. Improved
results may yet come, but thus that has not been the case. Decisions
made last year regarding its direct sales force and urea supply
arrangement have hurt 2006 results and the Company now expects to
report flat revenues and a loss for the year. While steps to correct
marketing and purchasing strategy errors could bring LESCO back to
solid profitability and put the Company on a growth track, clear signs
that these steps have been successful are likely to be months away. We
believe that it is prudent to maintain our Neutral rating at this
time.

   About Dutton Associates

   Dutton Associates is one of the largest independent investment
research firms in the U.S. Its 31 senior analysts are primarily CFAs,
and have expertise in many industries. Dutton Associates provides
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requisite Research Notes. Dutton Associates received $77,000 from the
Company for 12 Research Reports with coverage commencing on 3/12/2003.
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