Tilden Associates Expands Business Model
GARDEN CITY, N.Y.--July 22, 2003--Tilden Associates (OTC BB:TLDN) announced today that they have expanded there business model to offer additional franchising opportunities. While management has been very successful selling Tilden Car Care Center's, and will continue to do so, they feel that the opportunity to sell franchise opportunities in other sectors will bring in significant revenue and earnings.Tilden Associates will also be changing their name and symbol in the near future to reflect this new business direction. The company has identified several companies which have tremendous potential as franchise opportunities and will be announcing them as formal agreements are signed.
As well Tilden is in talks with two potential acquisitions which have the potential to add significant revenue and earnings.
Please visit our corporate website www.tildencarcare.com and join our news mailing list for future updates.
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.