Kirby, McInerney & Squire LLP Announces Class Action Lawsuit on Behalf of Blue Rhino Investors -- RINO

New York, New York, UNITED STATES


NEW YORK, June 17, 2003 (PRIMEZONE) -- The law firm of Kirby McInerney & Squire, LLP announces that a class action lawsuit has been commenced in the United States District Court for the Central District of California on behalf of all purchasers of Blue Rhino Corporation (``Blue Rhino'' or the ``Company'') (Nasdaq:RINO) common stock during the period from August 15, 2002 through February 5, 2003, inclusive (the ``Class Period'').

Please visit our website, which offers summary and detailed information concerning the suit at http://www.kmslaw.com/new_cases/BlueRhino/BlueRhino.htm or contact us by phone at (888) 529-4787 or by email at emui@kmslaw.com for more information.

The action charges Blue Rhino and certain of its senior officers with violations of Sections 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934. The alleged violations stem from the dissemination of false and misleading statements, which had the effect -- during the Class Period -- of artificially inflating the price of Blue Rhino's shares.

The Complaint alleges that defendants issued a series of materially false and misleading statements concerning the Company's operations and financial results. Specifically, the Complaint alleges that defendants' statements were materially false and misleading because defendants failed to disclose and misrepresented:(1) that ten distributors acquired by the Company were not healthy, highly profitable, and independent of the Company as portrayed by Blue Rhino; (2) that the Company misrepresented the purchase price of the acquisition of the ten distributorships by more than $10,000,000.00; (3) that the Company was beginning to see a decline in earnings from certain Overfill Protection Device regulations; (4) that the Company's earnings projections were lacking in any reasonable basis when made;and (5) that the false and misleading information disseminated by the defendants caused Blue Rhino's securities to trade at artificially inflated prices.

Kirby McInerney & Squire, LLP has specialized in complex litigation, including securities class actions, for several decades. The firm has repeatedly demonstrated its expertise in this field, and has been recognized by various courts which have appointed the firm to major positions in consolidated and multi-district litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling hundreds of millions of dollars, and its achievements and quality of service have been chronicled in numerous published decisions. More information about the firm, class actions in general, or about the role of the lead plaintiff in a securities class action can be obtained through Kirby McInerney & Squire's website at http://www.kmslaw.com.

If you are a member of the class described above, you may, no later than July 18, 2003, move the Court to serve as lead plaintiff of the class, if you so choose, pursuant to the Private Securities Litigation Reform Act of 1995 (the ``PSLRA''), 15 U.S.C. section 78u-4(a). A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. Under certain circumstances, one or more class members may together serve as lead plaintiff. Your ability to share in any recovery is not, however, affected by the decision whether or not to seek appointment as a lead plaintiff. For more information about the case, its claims, and your rights, you can contact:


 Ira M. Press, Esq.
 Elaine Mui

 KIRBY McINERNEY & SQUIRE, LLP
 830 Third Avenue, 10th Floor
 New York, New York  10022
 Telephone:  (212) 317-2300
 or Toll Free (888) 529-4787
 E-Mail: emui@kmslaw.com

More information on this and other class actions can be found on the Class Action Newsline at www.primezone.com/ca