Tilden Associates to Focus on Expanded Business Model

    GARDEN CITY, N.Y.--May 14, 2002--Tilden Associates, Inc. (OTC:BB - TLDN) announced today that it has reengineered the company's long range plan to take advantage of additional revenue streams that are now available in the regard to operating the franchise business model.
    These revenue streams are a result of a strategic plan to develop properties that could support a Tilden franchise. They include two new components which are real estate related sales and shop equipment sales.
    The company commenced its current efforts to market its franchises 5 years ago, which has now grown to over 60 locations. Each individual franchise operates as a separate entity from the company and each franchise will pay royalties based on its gross revenues to the company. Each franchise contributes to an advertising escrow account that is used to make sure that there is sufficient advertising money available in support of recurrent promotional campaigns for each location.
    The company currently has over 60 franchises operating under its corporate banner. Over the last several years the company has acquired a number of similar operations including those from S.G. Tilden Incorporated, Brake World which is now being operated under Tilden Brake World, Inc., and American Brake Service, Inc. now being operated under Tilden ABS, Inc. Over twenty additional new franchisees, have also been developed and sold over the same timeframe bringing the company total to more than 60 operating franchises. All franchises, although focused primarily on brake related repairs, provide full service automotive repairs for all makes and models of automobiles and small trucks.
    Tilden for Brakes Car Care Centers, will offer both Master (geographic area) Franchises as well as Individual (location specific) Franchises throughout the entire United States. Tilden has current contracts with 5 Master Franchise holders located in Colorado, Texas, Georgia, New Jersey, and, Pennsylvania. Tilden is also currently involved in negotiations with several potential Master Franchises for a number of other states.
    In addition to the company's primary business, which includes the selling of franchises and collection of royalty fees, the company also has a wholly owned subsidiary, Tilden Equipment Corp. which is responsible for selling shop equipment into the new and existing franchises. To date, Tilden Equipment Corp. sales have been limited to the Company's Franchise locations and Company Stores. Management believes that in the near future the company will be marketing and selling the equipment to third parties as well. The Company also owns a number of real estate holding corporations which are obligated as lease holders for a number of the Company's Franchise locations. These preferred leases are then sublet back to the franchise at a profit over the course of the lease
    The President and CEO of Tilden Associates, Mr. Robert Baskind, recently stated, "The Company is poised for continued growth. The time could not be better, with unemployment up and many professionals seeking new careers and new investment opportunities, Tilden is a mainstay for over 75 years and still growing."
    The company has an open invitation for Market Development Partners and individual franchises to share in their successful enterprise. Information may be obtained by contacting Tilden Associates at 1-800-TILDENS or visiting their web site at www.tildencarcare.com.

Except for any historical information contained herein, certain matters discussed in this press release are "forward-looking statements" as defined in The Private Securities Litigation Reform Act of 1995, involve certain risks and uncertainties, including but not limited to, changes in general economic conditions, material prices, labor costs, interest rates, consumer confidence, competition, environmental factors, and governmental regulations affecting the company's operations.