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Statement by AmeraPARTS International, L.L.C. on Developments

12 October 1999

Statement by AmeraPARTS International, L.L.C. on Developments in The Automotive Insurance and Collision Repair Industries

    ATLANTA, Oct. 12 -- The following statement was issued today
by AmeraPARTS International:

    The major companies within the automotive insurance industry, including
State Farm, have recently requested that either new or recycled original
equipment ("OEM") parts be utilized in automotive collision repairs.  This
significant development has brought to the forefront an alternative, high-
quality source of recycled OEM parts.  AmeraPARTS International, L.L.C.,
through its strict quality control processes at each of its Southeastern U.S.
plants (state-of-the-art industrial complexes), is producing and distributing
recycled OEM collision and mechanical replacement components of the highest
quality and dependability at a price-point that continues to make them one of
the best choices for automotive body and mechanical repairs.
    "We sell only OEM parts, and that's all we have ever sold," said James R.
Johnson, CEO of AmeraPARTS.  "Using AmeraPARTS(TM), All-OEM(TM) recycled
collision replacement components will ensure that consumers are receiving the
best quality parts in their repairs while helping to maintain lower insurance
rates."

    About AmeraPARTS International, L.L.C.:
    AmeraPARTS (http://www.ameraparts.com ), founded in 1997, is a premier
wholesale processor and distributor of top-quality recycled OEM automotive
mechanical and body parts, OEM reconditioned components (such as plastic
bumper covers and alloy wheels); and, a full line of completely remanufactured
and tested automatic transmissions.  The industrial complexes and local
distribution facilities service professional repair shops and insurance
appraisers on a same-day basis throughout the Southeastern U.S.  AmeraPARTS is
managed by a team of executives and directors who have extensive backgrounds
in the automotive, financial management, industrial waste, and Big-Five
accounting industries; is audited annually by PricewaterhouseCoopers; and, is
partially owned by Churchill Capital, Inc. ("Churchill").

    About Churchill Capital, Inc.:
    Churchill (http://www.churchillnet.com ) is a private investment fund
management company that by the end of 1999 will have raised in excess of
$1 billion in capital for three investment strategies, including the
environmental industry.