EXHIBIT 99.1

[FEDERAL SIGNAL CORPORATION LOGO]

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CONTACT: Stephanie K. Kushner                           RELEASE DATE:  IMMEDIATE
         (630) 954-2020


                      FEDERAL SIGNAL CORPORATION ANNOUNCES
             DEPARTURE OF FIRE RESCUE GROUP PRESIDENT, HAROLD PINTO


Oak Brook, Illinois, July 8, 2004 - Federal Signal today announced that Harold
Pinto, president of the company's Fire Rescue Group, is leaving the company to
pursue other interests. Pinto joined the company in March of 2002. The Fire
Rescue Group is headquartered in Ocala, Florida, and had revenues totaling $416
million in 2003.

The company has retained an executive search firm to perform an accelerated
search for Mr. Pinto's replacement. In the interim, the senior management team
for the Fire Rescue Group will report directly to Robert D. Welding, president
and chief executive officer.

Mr. Welding stated, "During this interim period, I will be working closely with
the Fire Rescue Group senior management team to accelerate key operational
improvement initiatives that are already underway. My plan is to devote the
necessary time and resources to the business so we don't lose momentum in these
initiatives. We wish Harold well in his future endeavors."

Federal Signal is a global manufacturer of leading niche products in four
operating groups: environmental vehicles and related products, fire rescue
vehicles, safety and signaling products, and consumable industrial tooling.
Based in Oak Brook, Illinois, the company's shares are traded on the New York
Stock Exchange under the symbol FSS.

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