Tilden-TLDN/Announces Business Alliances with National Suppliers
GARDEN CITY, N.Y.--Feb. 20, 2003--Tilden Associates (OTCBB:TLDN) Tilden Car Care Centers announces today that they have strengthened their operating system by adding business alliances with many national parts and equipment suppliers. Companies such as AutoZone, Inc. , Accu-Turn, Snap-On Inc. and All Data information supplier helps to connect Tilden with brand recognition and Factory service qualities.Tilden has also adjusted their core customer focus to include National Leasing companies, National Automotive related businesses and extended dealer warranty companies. Enterprise Rent-A-Car, the largest rental car company in North America, recognizes Tilden as their preferred vender utilizing Tilden Franchise locations to service over 35 of their outlets. National Accounts and commercial business represents as much as 70% of new franchise locations business. Building a solid loyal customer base brings year round sales consistency and superior brand recognition.
Tilden has always been recognized as a national public company with all the amenities of the corporate giants, and the hometown atmosphere of an owner operator. Loyal customers value the trust of dealing with the same management team every time they visit a Tilden Location.
Tilden Associates plans to introduce new service opportunities to their franchises throughout the year, which will enhance revenues and earnings for both the franchise and Tilden Associates. About Tilden
Tilden, founded in 1923 by S.G. Tilden, was a family-owned operation until 1995, known as Tilden for Brakes. In 1995, Tilden Associates, Inc. secured all of the franchise rights and related trademarks, copyrights, etc. from S.G. Tilden Management, Inc. The management team from S.G. Tilden Management, Inc. is now a part of Tilden Associates, Inc.
Since 1996 Tilden for Brakes Car Care Centers is being franchised nationally. In just a few years Tilden has reached 60 franchises in 16 states. In 2001 Tilden was voted the Number 1 Automotive Franchise and 12th Nationwide franchise by Entrepreneur Magazine.
Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Tilden Associates, Inc. and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Tilden Associates, Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; inability to complete transactions on favorable terms; and those risks discussed in the Company's filings with the SEC.