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                                                                    EXHIBIT 99.2

N E W S R E L E A S E

COMPANY CONTACT               SM BERGER & COMPANY        WORLD HEADQUARTERS
Joseph W. Rog                 Stanley M. Berger          1090 Enterprise Drive
Chairman, CEO and President   (216) 464-6400             Medina, OH 44256
(330) 723-5082                                           Phone (330) 723-5082
                                                         Fax (330) 723-0694
                                                         www.corrpro.com


FOR IMMEDIATE RELEASE

      CORRPRO UPDATES TIMING OF EARNINGS RELEASE AND AUSTRALIAN ACCOUNTING
                                 INVESTIGATION

MEDINA, OHIO, JUNE 13, 2002 - Corrpro Companies, Inc. (AMEX:CO), the leading
provider of corrosion protection engineering services, systems and equipment,
today announced that it will be reporting earnings for its fiscal year ended
March 31, 2002 later than it has customarily. Corrpro cited pending
investigations of previously reported accounting irregularities at its
Australian subsidiary and the voluntary administration proceedings filed by the
Australian subsidiary as the reasons for the delayed completion of the audit of
its financial statements. Corrpro anticipates the financial statement audit will
be completed prior to the filing due date of its annual report with the United
States Securities and Exchange Commission.

The Audit Committee of Corrpro's Board of Directors has made substantial
progress in its investigation of the Australian subsidiary's accounting
irregularities involving the overstatement of revenues and understatement of
expenses. The Australian Securities and Investments Commission has commenced an
independent investigation of the accounting irregularities. Corrpro has
previously voluntarily disclosed this matter to the United States Securities and
Exchange Commission, which is conducting an informal inquiry. Corrpro is
cooperating with both commissions.

Effective May 1, 2002, the creditors of the Australian subsidiary approved an
arrangement under voluntary administration proceedings, a process under
Australian law providing relief from creditors of the Australian subsidiaries.
Generally, under the arrangement, creditors are eligible to receive a percentage
of their allowed claim in cash from the subsidiary's income payable over a
two-year period. The Company is considering its strategic alternatives with
respect to the future operations of the Australian subsidiary, including the
possibility of selling the Australian operations.

Based on the investigation to date, the Company currently believes that, subject
to the results of the audit of its financial statements, the cumulative effect
on the Company's consolidated operating income of the Australian accounting
irregularities and the additional charge to write down the value of the
Australian subsidiary will not in the aggregate exceed the previously announced
amounts. As previously announced, to the extent that the accounting
irregularities materially affect previously filed financial statements, the
Company expects that it will have to restate its audited financial statements
for its fiscal year which ended March 31, 2001 as well as unaudited financial
information for the first nine months through December 31, 2001 of its fiscal
year ending March 31, 2002, as previously released. Accordingly, the financial
statements for affected periods and accompanying auditor's report should no
longer be relied upon.



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Based on the results of the investigation to date, the Company is not in
compliance with the provisions, including certain financial covenants, of its
existing senior secured credit agreement and its senior note facility. The
remedies available to these lenders upon default by the Company, including
acceleration of principal, could have a material adverse impact on the Company's
liquidity, its financial position or its ability to operate as a going concern.
The Company has continued to make scheduled interest payments on such senior
debt; however, it has not made scheduled principal payments that were due in
April and May 2002 on the senior note facility. With the assistance of strategic
financial advisors acceptable to its lenders, the Company has continued to hold
discussions with its bank group and the holder of its senior notes concerning
the Company's non-compliance and the Company's plans for operational changes and
debt reduction.

"Once we reach consensus with our lenders, we will be in a better position to
communicate the components of the plan relating to the ongoing financing of our
business," commented Joseph W. Rog, Chairman, President and Chief Executive
Officer. Mr. Rog continued, "Clearly, the plan will be built on a foundation of
the strengths of our business and the capability of our people. This includes
continuing to provide excellent customer service, pursue our best opportunities,
maintain important vendor relationships, and continue to provide cost-effective
customer solutions."

Corrpro, headquartered in Medina, Ohio, with over 60 offices worldwide, is the
leading provider of corrosion control engineering services, systems and
equipment to the infrastructure, environmental and energy markets around the
world. Corrpro is the leading provider of cathodic protection systems and
engineering services, as well as the leading supplier of corrosion protection
services relating to coatings, pipeline integrity and reinforced concrete
structures.

Except for historical information, the matters discussed in this press release
are forward-looking statements relating to the business of the Company. The
forward-looking statements are made under the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Words such as "anticipates,"
"intends," "plans," "believes," "seeks," "estimates" or variations of such words
and similar expressions are intended to identify such forward-looking
statements. The Company believes that the following factors, among others, could
affect its future performance and cause its actual results to differ materially
from those that are expressed or implied by forward-looking statements: the
ultimate outcome of the Audit Committee's investigation of accounting
irregularities; the ultimate outcome of the Australian Securities and Investment
Commission's investigation of accounting irregularities; the results of the
financial statement restatement process and the audit of any anticipated
restatement of the Company's financial statements as a result of accounting
irregularities; the impact of any litigation or regulatory process related to
the financial statement restatement process; the Company's ability to extend,
amend or refinance its existing debt, including the availability to the Company
of external sources of financing and capital (the failure to receive such
financing would have a material adverse effect on the Company's results of
operations and financial condition) and the terms and timing thereof; the
Company's mix of products and services; the timing of jobs; the availability and
value of larger jobs; qualification requirements and termination provisions
relating to government jobs; the impact of inclement weather on the Company's
operations; the impact of energy prices on the Company's and its customers'
businesses; adverse developments in pending litigation or regulatory matters;
the impact of existing, new or changed regulatory initiatives; the Company's
ability to satisfy the listing requirements of the AMEX or any other national
exchange on which its shares are or will be listed or otherwise provide a
trading venue for its shares; and the impact of changing global political and
economic conditions. Additional factors that may affect the Company's business
and performance are set forth in the Company's filings with the Securities and
Exchange Commission. The Company assumes no obligation to update any of the
information contained or referenced in this press release.