Source Interlink Appoints Clinton Allen to Board of Directors; Outside Board Member Brings Wealth of Experience Serving Global Corporations

Business Wire, April 21, 2004

Business Editors

BONITA SPRINGS, Fla.--(BUSINESS WIRE)--April 21, 2004

Source Interlink Companies (Nasdaq:SORC), the largest direct-to-retail distribution/fulfillment company and leading provider of magazine information and management services for retailers and publishers, today announced that Clinton Allen, 60, has been appointed to its Board of Directors and the Chairmanship of the Company's Nominating and Corporate Governance Committee. Mr. Allen replaces Robert O. Aders who has announced his intention to retire, rather than stand for election at the Company's 2004 Annual Meeting of Shareholders.

Mr. Allen currently serves as chairman and chief executive officer of A.C. Allen & Co., an investment banking consulting firm based in Cambridge, MA. Previously, he was vice chairman of Psychemedics Corp., a provider of drug testing services, from October 1989 and served as chairman of the company from March 2002 until November 2003.

Mr. Allen was vice chairman and a director of the DeWolfe Companies, until it was acquired by Cendant Corp. in September 2002. Additionally, he was a director and member of the executive committee of Swiss Army Brands, until it was acquired by Victorinox Corp. in August 2002. He also served on the board of directors of Blockbuster Entertainment Corp. from 1986 until its acquisition by Viacom/Paramount in September 1994.

Leslie Flegel, Source Interlink chairman and chief executive officer, said, "We are proud Clinton Allen has joined our board of directors. In the past 25 years, he has served on the board of 19 public companies as well as numerous other private companies. Clinton's vast business background and global expertise will be extremely valuable as we continue to grow our company. Source Interlink has achieved strong growth and is strategically positioned to build on its recent performance. We thank Bob Aders for his five years of dedicated service as a director on our board and wish him well."

Currently, Mr. Allen serves as lead director and chairman of the audit committee of Steinway Musical Instruments, (NYSE:LVB), one of the world's largest manufacturer of musical instruments and is a director and Chairman of Collectors Universe (Nasdaq:CLCT), the leading provider of value added services to dealers and collectors of high-end collectibles. He serves as a director of Integrated Alarm Systems, Inc. (Nasdaq:IASG), the largest provider of wholesale security monitoring in the U.S. and is also a director of Brooks Automation, Inc. (Nasdaq:BRKS), which provides integrated tool and factory automation solutions for the global semiconductor and related industries. Additionally, he serves as a director of LKQ Corporation (Nasdaq:LKQX), the largest nationwide provider of recycled OEM automotive parts.

Mr. Allen graduated from Harvard University in 1967.

About Source Interlink Companies

Source Interlink Companies is a leading provider of fulfillment and marketing services to retail companies who collectively operate approximately 80,000 stores, most major magazine publishers and consumer product manufacturers of confections and general merchandise. Its business consists of three interrelated operating groups: Fulfillment, In-Store Services and Manufacturing.

-- Fulfillment manages the direct distribution of magazines to

more than 5,200 retail outlets in the specialty retail market

operated by 18 retail chains plus independent retailers. It

assists these retailers with the selection, logistical

procurement and fulfillment of approximately 4,000 monthly and

50 weekly magazine titles. The Fulfillment operating group is

the largest U.S. importer of foreign magazine titles and a

leading exporter of U.S. titles to the international market.

-- In-Store Services assists retailers in the mainstream retail

market with the design, manufacture and implementation of

their front-end merchandising programs. This group provides

other value-added services to retailers, publishers and other

vendors, including assistance with publisher rebate and other

fee collection as well as access to real-time sales and

marketing information on more than 10,000 magazine titles,

enabling customers to make more informed decisions regarding

product placement and distribution.

-- Manufacturing designs and manufactures wood displays and store

fixtures for leading specialty retailers.

For more information, please visit the company's website, http://www.sourceinterlink.com/.> Some of the information in this release contains forward-looking statements that involve risks and uncertainties. The words "believe," "expect," "anticipate,' "estimate," "project," and similar expressions often characterize forward-looking statements. These statements may include, but are not limited to, projections of collections, revenues, income or loss, estimates of capital expenditures, plans for future operations, products or services, and financing needs or plans, as well as assumptions relating to these matters. These statements are only predictions and you should not unduly rely on them. Our actual results will differ, perhaps materially, from those anticipated in these forward-looking statements as a result of a number of factors, including the risks and uncertainties faced by us including: (i) market acceptance of and continuing demand for our services; (ii) the impact of competitive services; (iii) the pricing and reimbursement policies of magazine publishers; (iv) our ability to obtain additional financing to support our operations; (v) changing market conditions and other risks detailed below;(vi) demand for magazines at the retailers we service; and (vii) our ability to access retailers' point-of-sales information needed to efficiently allocate distribution.