Shoe Pavilion, Inc. (Nasdaq:SHOE) today announced that John D. Hellmann has been appointed vice president and chief financial officer effective June 5, 2000. Hellmann replaces Gary Schwartz who has resigned as Shoe Pavilion's vice president and CFO.

In announcing the appointment, Dmitry Beinus, the president and CEO of Shoe Pavilion, noted, "I am delighted to be able to hire someone with John Hellmann's background and experience. John is joining our management team at an exciting time for the Company. The first two months of this quarter have been very strong and we are presently on track to achieve record second quarter results. I expect John to play a major role in our future growth."

Prior to assuming his new position, Hellmann had served as vice president, chief financial officer of The Lamaur Corp. during the past five years. The Lamaur Corp. is a publicly traded manufacturer of hair care products. Hellmann is a certified public accountant with over 25 years of financial and accounting experience.

Shoe Pavilion is the largest independent off-price footwear retailer on the West Coast. It offers a broad selection of women's and men's designer label and name brand footwear such as Esprit, Puma, Clarks, Dexter, Skechers, Dr. Marten and Timberland, typically at 30% to 70% below department store regular prices for the same shoes. The Company has 77 of its own stores in California, Washington and Oregon and operates the licensed shoe departments of 35 Gordman's Department Stores in eight Midwestern states.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This press release contains certain forward-looking statements that are subject to risks and uncertainties that could cause the Company's actual results to differ materially from management's current expectations. These factors include, without limitation, expansion into a new geographic region, competitive pressures in the footwear industry, changes in the level of consumer spending on or preferences in footwear merchandise, the Company's ability to purchase attractive brand merchandise at reasonable discounts and the availability of desirable store locations as well as management's ability to negotiate acceptable lease terms and open new stores in a timely manner. Other risk factors are detailed in the Company's filings with the Securities and Exchange Commission.