Uniservice Announces Proxy with Securities and Exchange Commission

    FORT LAUDERDALE, Fla.--Oct. 17, 2001--Uniservice Corp. announced today that Associated Automotive Group Inc. provided the Uniservice Board of Directors with its audited financial statements and certain other information, thereby satisfying key conditions of the terms of the agreement by Uniservice to acquire Associated.
    Uniservice also announced that it is finalizing its plans to effect a divestiture of its food services business and is moving forward to satisfy the remaining conditions of the proposed acquisition and expects to file a Preliminary Proxy Statement with the Securities and Exchange Commission in the immediate future. As previously announced, Uniservice's Board of Directors determined that it is in the best interests of its shareholders to divest itself of its food services business and to acquire Associated, a holding corporation, which was formed to own and operate various exotic car dealerships, accessory and other automotive businesses throughout the United States. Associated currently operates through its wholly owned subsidiary, Motorcars of South Florida Inc., an exotic car dealership located in Delray Beach, Fla.