LSCO Lesco (MM)

- Company Announces Option Grant - CLEVELAND, Aug. 22 /PRNewswire-FirstCall/ -- LESCO, Inc. (NASDAQ:LSCO), a leading provider of products for the professional green and pest control industries, today announced that the Company has entered into a Stock Option Agreement with Charles H. Denny, Senior Vice-President of Sales and Store Operations, pursuant to which the Company granted Mr. Denny an option to purchase one hundred thousand (100,000) common shares of the Company as an inducement to accept employment with the Company (the "Option"). The Option was granted without stockholder approval pursuant to NASDAQ Marketplace Rule 4350(i)(1)(A)(iv). The Option has an exercise price of $14.115, which represents the average of the high and low selling prices of the Company's common shares on Mr. Denny's date of hire. The Option will vest as follows: 33,333 shares on August 8, 2006; 33,333 shares on August 8, 2007; and 33,334 shares on August 8, 2008. The Option has a term of ten (10) years and will be forfeited if not exercised before expiration of the term. If Mr. Denny's employment with the Company is terminated for any reason, the Option will be forfeited if not exercised within three (3) months of his last day worked. About LESCO, Inc. LESCO serves more than 130,000 customers worldwide, through 287 LESCO Service Center(R) locations, 111 LESCO Stores-on-Wheels(R) vehicles, the Internet, and other direct sales efforts. Additional information about LESCO can be found on the Internet at http://www.lesco.com/. Contact: Jeffrey L. Rutherford Sr. Vice President & Chief Financial Officer LESCO, Inc. (216) 706-9250 DATASOURCE: LESCO, Inc. CONTACT: Jeffrey L. Rutherford, Sr. Vice President & Chief Financial Officer of LESCO, Inc., +1-216-706-9250 Web site: http://www.lesco.com/

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