Turtle Wax Car Wash Division Sale Update

CHICAGO, Aug. 9, 2010 -- Turtle Wax, the number one selling brand of car care products in the world, today announced the successful conclusion of the first phase of the disposition of its regional car wash business that had been announced earlier this year. The Company successfully completed the sale of the majority of its car wash facilities in the Kansas City, Kan. region.

The Company is now shifting its focus to the second phase of the disposition plan with an emphasis on its Chicago area car wash facilities. Denis John Healy, Chief Executive Officer of Turtle Wax, stated, "I am very pleased with the year-to-date operating performance of our car wash division, the dedication of our team members and the loyalty of our long-term customers, as well as the achievements in connection with the first phase of our disposition plans. This will further permit us to increase our focus on our core consumer and professional car care products business."

As during the first phase of the sale process, the remaining facilities continue to operate as normal, hours and services will remain the same and Turtle Wax club cards and gift certificates will continue to be honored. The purchase of new gift certificates and the renewal of club cards will vary by location, but will be fully honored during the disposition. Customers are encouraged to ask for details when visiting any Turtle Wax car wash.

The Company's Chicago area car washes include facilities in Bloomingdale, Ill.; Countryside, Ill.; Crystal Lake, Ill.; Joliet, Ill.; Lombard, Ill.; Rolling Meadows, Ill.; Skokie, Ill. and St. Charles, Ill.

Parties interested in obtaining more information about the acquisition opportunity should contact Bob Byczek at 312-242-3161 and visit www.turtlewaxcarwash.com.

About Turtle Wax

Turtle Wax® is the No. 1 selling brand of car care products in the world with sales in 90 countries. Founded more than 60 years ago in Chicago, the Company is recognized for manufacturing environmentally-friendly appearance and performance car care products for the retail consumer market and the commercial car care and professional detailing industries.