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Aid Auto Stores Retains Josephthal Lyon & Ross Incorporated As Its Financial Advisor

18 September 1997

Aid Auto Stores Retains Josephthal Lyon & Ross Incorporated As Its Financial Advisor

    WESTBURY, N.Y., Sept. 18 -- Aid Auto Stores, Inc.
(Nasdaq: AIDA, AIDAW), a major New York metropolitan area retailer, wholesaler
and franchiser of automotive parts and accessories, announced today that it
has retained New York-based Josephthal Lyon & Ross Incorporated, a full
service investment banking and securities brokerage firm.
    According to the announcement by Aid Auto Chairman, President and CEO,
Philip L. Stephen, Josephthal will work closely with the Company to develop
and implement its strategic plan including evaluating appropriate sources of
capital and assisting with selected strategic acquisitions and other corporate
and financial matters.
    Mr. Stephen commented, "Aid Auto's growth is expected to come from
expansion due to opening new Aid Auto Superstores as well as from
acquisitions.  Josephthal will play an important role as our investment banker
and financial advisor. Their experience and skill in mergers, acquisitions and
financing is expected to help us achieve our growth objectives and enhance
shareholder value."
    Michael Kollender, Senior Vice President Investment Banking at Josephthal,
said "The Company has a focused strategy for expansion throughout the greater
New York Metropolitan area and beyond.  We look forward to assisting
management in implementing this exciting growth strategy."
    Josephthal Lyon & Ross Incorporated is a leading New York Stock Exchange
member firm focusing its investment banking services on emerging growth
companies.  Josephthal acts as a market maker in approximately 500
over-the-counter securities and has a recognized, research department
providing coverage on approximately 150 companies in over 200 industries.
    AID AUTO STORES is a major New York metropolitan area retailer, wholesaler
and franchiser of automotive parts and accessories, targeting both the
do-it-yourself and commercial markets.  Through its wholly owned subsidiary,
Ames Automotive Warehouse, the Company supplies automotive aftermarket
products for resale to major non-automotive chain stores.
    Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: The statements which are not historical facts contained in this press
release are forward-looking statements that involve risks and uncertainties,
including, but not limited to, risks associated with the Company's future
growth and profitability, the ability of the Company to successfully open new
retail stores and integrate acquisitions and the effects of general economic
conditions and other risks detailed in the Company's Securities and Exchange
Commission filings.

SOURCE  Aid Auto Stores, Inc.