Exhibit 99.1


              Midas Board of Directors Elects Alan Feldman Chairman


     ITASCA, Ill.--(BUSINESS WIRE)--March 7, 2006--At its quarterly meeting
today, the board of directors of Midas, Inc. (NYSE:MDS) elected Alan D. Feldman,
54, president and chief executive officer since joining the company in January
2003, to the additional post of chairman.
     He will succeed Robert R. Schoeberl, 70, who has served as chairman since
September 2002. Schoeberl will assume the new role of lead director.
     The changes will become effective at the company's annual shareholders
meeting on May 9.
     "Since early 2003, Alan has led Midas through a significant transformation,
which returned financial strength to the company by withdrawing from exhaust
manufacturing and parts distribution, and building the retail business of the
Midas system," Schoeberl said. "Going forward, Midas is now well-positioned as a
franchisor to continue growing retail sales and improving operating margins."
     From 1994 through 2002, Feldman held senior management posts at McDonald's
Corporation. His most recent posts there were president and chief operating
officer of McDonald's Americas and president of McDonald's USA. From 1983 to
1994, Feldman held financial and operational posts with the Pizza Hut and
Frito-Lay units of Pepsico. He also is a director of Foot Locker, Inc.

     Schoeberl, a Midas director since 1998, retired as executive vice president
of Montgomery Ward in 1994. Prior to joining Wards in 1985, he was senior vice
president of sales and marketing at GNB Automotive Batteries. Schoeberl also is
a director of TBC Corporation and Lund International.

     Midas is one of the world's largest providers of automotive service,
offering brake, exhaust, maintenance, tires, steering and suspension services at
more than 2,600 franchised, licensed and company-owned Midas shops in 19
countries, including 1,800 in the United States and Canada.

     NOTE: This news release contains certain forward-looking statements that
are based on management's beliefs as well as assumptions made by and information
currently available to management. Such statements are subject to risks and
uncertainties, both known and unknown, that could cause actual results,
performance or achievement to vary materially from those expressed or implied in
the forward-looking statements. The company may experience significant
fluctuations in future results, performance or achievements due to a number of
economic, competitive, governmental, technological or other factors. Additional
information with respect to these and other factors, which could materially
affect the company and its operations, is included in the company's filings with
the Securities and Exchange Commission, including the company's 2004 annual
report of Form 10-K.


     CONTACT: Midas, Inc.
              Bob Troyer, 630-438-3016
              www.midasinc.com