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Precision Auto Care, Inc. Commences Initial Public Offering

6 November 1997

Precision Auto Care, Inc. Commences Initial Public Offering

    LEESBURG, Va., Nov. 6 --Precision Auto Care, Inc.
, announced the commencement of its initial public offering of
2,443,600 shares of Common Stock at $9.00 per share on Thursday, November 6,
1997.  Of the shares being sold, 2,300,000 shares are being offered by the
Company and 143,600 shares are being offered by selling shareholders.  The
Company will receive approximately $17.2 million in net cash proceeds after
expenses from its sale of 2,300,000 shares of Common Stock.  The Company will
not receive any proceeds from the sale of shares by the selling shareholders.
The managing underwriters for the offering are A.G. Edwards & Sons, Inc., and
Ferris, Baker Watts, Incorporated.
    A registration statement relating to these securities was filed and
declared effective by the Securities and Exchange Commission.  This press
release shall not constitute an offer to sell or a solicitation of an offer to
buy nor shall there be any sale of these securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state
or jurisdiction.
    Copies of the prospectus relating to the offering may be obtained from
A.G. Edwards & Sons, Inc., One North Jefferson Avenue, St. Louis, Missouri
63103, 314-955-3000; or Ferris, Baker Watts, Incorporated, 100 Light Street,
Baltimore, Maryland 21202, 410-685-2600.

SOURCE  Precision Auto Care, Inc.