Metalico Common Stock Begins Trading on the AMEX Under Symbol “MEA”

CRANFORD, NJ , March 10, 2005 — Metalico, Inc. has received approval from the American Stock Exchange (the “Exchange” or “Amex”) to list its shares of common stock on the Exchange under the ticker symbol “MEA.” The Company expects to begin trading on or before March 16, 2005.

The Exchange’s approval is contingent upon the Company’s being in compliance with all applicable listing standards on the date it begins trading on