Trak Auto Restructures in Maryland, Virginia and the District of Columbia as Liquidation of Their Midwest Division Commenced On November 15th

    CHICAGO--Nov. 20, 2001--Trak Auto, a leading retailer in discount automotive parts based in Landover, Md., has teamed up with Hilco Merchant Resources to liquidate all of the Illinois, Indiana and Wisconsin stores. This comes as part of a reorganization which Trak Auto set in motion on November 15, 2001. Trak Auto continues to operate 80 stores in the Washington metropolitan area, Richmond and Central Pennsylvania.
    Trak Auto is committed to strengthen its foothold in metropolitan Maryland, Virginia, the District of Columbia and Richmond. Name brand merchandise continues to flow through the Landover, Maryland distribution center and into Trak Auto's convenient neighborhood stores.

    Hilco Merchant Resources is the foremost industry expert in the liquidation of retail merchandise. Hilco, a Chicago based firm with offices in Boston, Toronto and London, is a broad-spectrum financial resource with unparalleled asset knowledge and expertise. Hilco is composed of the top people in the fields of inventory, machinery, equipment and real estate appraisal services, machinery & equipment auction services, real estate services, merchant resources for the redeployment of inventory, acquisition of receivables and junior secured debt financing. This senior management team has an average of 20 years in their respective business area and Hilco has done in excess of $25 billion in transactions.