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First Priority Group Announces Sale of Company Common Stock in a Private Placement

2 September 1997

First Priority Group Announces Sale of Company Common Stock in a Private Placement

    PLAINVIEW, N.Y., Sept. 2 -- First Priority Group, Inc.
(OTC Bulletin Board: FPGP) announced today that it completed a private
placement resulting in the sale of $1.5 million of its common stock at $2 per
share.  A senior executive of the Company purchased one-third of this private
placement.
    First Priority Group intends to utilize the proceeds as the first phase of
its fund-raising activities to begin its nationwide consolidation of collision
facilities.  The Company is presently in discussion with a number of sources
to fund its future capital needs for this activity.
    First Priority Group currently administers collision repair referral
services for self-insured fleets, insurance companies, and consumers.

SOURCE  First Priority Group, Inc.