Tilden Associates Back on Track to Regain Full Trading Status

    GARDEN CITY, N.Y.--May 7, 2002--Tilden Associates, Inc. (OTC:BB - TLDN) announced today that it has engaged the services of two financial services firms that they feel confident will help guide management in the Companies future growth and development.
    Diversified Capital has been retained to provide specialized services in the areas of management consulting, capital structure, market analysis and administration. Comprehensive Resource Advisors has been retained to provide and implement strategies that include market and investor awareness programs.
    Tilden Associates has completed and filed the 10K year end financials for fiscal 2000 and 2001. The company is also in the process of completing the 10Q for first quarter 2002, which it expects to have completed and filed by May 15th. Additionally, the company has completed the preparation of the supporting documents required for a 15C-211 filing and is forwarding the package to a broker-dealer firm to formally file the request with the NASD. Tilden expects the 15C-211 will be filed with the NASD shortly and once effective, the company will again be fully reporting and trading on the OTC:BB.
    Robert Baskind, President and CEO of Tilden, stated, "We are extremely pleased to have these top notch professionals involved with our company's future development. These consultants, with their collective experience and knowledge, hard at work for us, will help to provide the necessary backbone for Tilden to achieve the goals set forth in the current business model. This alliance along with completing the current financial filings will position the company back on track to increasing its market penetration and revenue base."
    Tilden Car Care Centers have served millions of automobile owners since the Tilden family founded the company in 1923. While Tilden initially built its reputation on brakes in the New York market, Tilden currently has over 60 locations nationwide which offer full auto servicing, utilizing state-of-the-art diagnostic equipment, and other services at a time when most niche repair shops are limited to specific auto repairs.
    The company has an open invitation for Market Development Partners and individual franchises to share in their successful enterprise. Information may be obtained by contacting Tilden Associates at 1-800-TILDENS or visiting their web site at www.tildencarcare.com.
    Except for any historical information contained herein, certain matters discussed in this press release are "forward-looking statements" as defined in The Private Securities Litigation Reform Act of 1995, involve certain risks and uncertainties, including but not limited to, changes in general economic conditions, material prices, labor costs, interest rates, consumer confidence, competition, environmental factors, and governmental regulations affecting the company's operations.