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MIS International Inc. Reports on its Franchise Operations And Pending Acquisitions

5 September 1997

MIS International Inc. Reports on its Franchise Operations And Pending Acquisitions

    MISSISSAUGA, ONTARIO, Sept. 5 -- MIS International Inc.
(OTC: MISM) announced today that it is highly optimistic following the recent
integration of its new management team and that both its automotive and
specialty food retail franchises are progressing on schedule.
    In addition to staffing changes, the company opened its first corporate
Wheel to Wheel location in Oakville, Ontario on February 01.  The location
will act as the Company's Primary training facility for new Canadian
franchisees.  Since opening, the location has amassed more than one thousand
new customers and is well on its way to breaking first year sales targets.
The Company is pursuing leasing opportunities in central Florida for up to
five new corporate locations for its entry into the United States.
    Wheel to Wheel is a dynamic retailer of fully computerized automotive
service centers which promote the use of recycled and rebuilt repair parts.
Customers may choose from new parts on repairs or use recycled parts with up
to one year national warranty.
    MIS recently opened two new Pretzel Twister locations in major malls, and
is negotiating with mall developers for an additional sixteen locations.
According to Dan Masters CEO of MIS, "Same store sales are substantially
higher this year over last, we are being offered prime mall space now that we
have proven ourselves over the last two years with Pretzel Twister.  We have
also begun to sell pretzels at sports arenas and a major airline is test
marketing our product to its passengers."
    The Company signed a Letter of Intent to purchase a Florida-based
franchise chain of twenty-five retail pretzel outlets in April.  The purchase
is scheduled to be completed in October.  Masters states "The acquisition will
enable us to kick start our expansion of Pretzel locations throughout the
lucrative US market.  We will grow from twelve to almost forty pretzel
locations overnight."
    Commenting on recent developments, Masters noted, "We are extremely
pleased with the numerous advancements we have made in the past few months
toward building MIS into a leading player in the multi-franchising industry.
We are looking at a major US acquisition in the automotive industry and plan
to relocate our executive offices to central Florida shortly.
    MIS has applied to the B.C. Securities Commission to become a non
reporting company in that province now that it has become a Delaware
corporation and is no longer a Canadian company.
    MIS International Inc. develops and franchises retail concepts on a multi-
unit basis, MIS currently has two distinct franchise concepts, Pretzel Twister
and Wheel to Wheel.

SOURCE  MIS International Inc.