US Parts Announces Reorganization Efforts Through Chapter 11

    HOUSTON, April 20 /PRNewswire Interactive News Release/ -- US Parts
(OTC Bulletin Board: RAVE.OB) announced that on April 19, 2001, it voluntarily
filed for reorganization under Chapter 11 of the United States Bankruptcy Code
in the U.S. Bankruptcy Court of the Southern District of Texas, Houston
Division.  Concurrently with the filing, US Parts, whose corporate name is
Rankin Automotive Group, Inc., is initiating efforts to achieve a
comprehensive restructuring of its obligations to all creditors.  Although
there can be no assurance that it will be successful, the objective of the
reorganization is to provide the Company with an opportunity to emerge from
Chapter 11 with an improved capital structure and sufficient resources to
carry on its business.
    The Company is currently operating as a "Debtor-in-Possession" and is
seeking court authorization to use existing resources to continue operating
during the bankruptcy and to pay employees.
    Steve Saterbak, Vice President - Finance said, "while this was a very
difficult decision to make, the Board of Directors determined that filing for
protection was in the best interest of the Company's creditors, employees,
customers and shareholders."

    US Parts sells automotive parts, products and accessories to commercial
and retail customers in Texas through its Houston distribution center and 14
stores.

    Certain statements contained in this press release are forward-looking
statements.  These statements discuss, among other things, expected
development, strategy and future performance.  These forward-looking
statements are subject to risks, uncertainties, and assumptions including
without limitation, availability of credit, competition, product supply and
demand, domestic and international economies, government approvals, the
ability to hire and retain qualified employees, and the weather.  Actual
results may materially differ from anticipated results.  Please refer to the
Risk Factors section of the 10-Q for the three months ended November 30, 2000
for more details.

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