AID AUTO STORES, INC. Announces Grand Opening Date for its Second Staten Island, New York Superstore
30 September 1997
AID AUTO STORES, INC. Announces Grand Opening Date for its Second Staten Island, New York SuperstoreStore to Have Grand Opening Ceremony on October 18, 1997; Company Spokesman Walt `Clyde' Frazier to Make Appearance WESTBURY, N.Y., Sept. 30 -- AID AUTO STORES, INC. (Nasdaq: AIDA, AIDAW) today announced the grand opening date of its second Staten Island, NY, Aid Auto Superstore to be held on Saturday, October 18, 1997. This new superstore is located in the Tysen's Park Shopping Center at 2750A Hylan Boulevard in Staten Island, New York. The Company noted that its official spokesman, former New York Knick and current National Basketball Association Hall of Famer Walt "Clyde" Frazier, will be appearing at the grand opening and will be available to sign autographs. The new superstore is approximately 8,700 square feet and located in one of Staten Island's largest shopping centers. This center currently features such well-known retail stores as Office Max, Pergament Home Centers, Waldbaums, Burger King and Pizza Hut as well as several well known specialty retail stores. Commenting on the announcement, Philip L. Stephen, chairman and chief executive officer of AID AUTO STORES, INC., stated, "We are extremely pleased to announce the grand opening date of our newest Superstore. The Superstore will benefit from the high volume of traffic generated by such names as Office Max, Pergament and Waldbaums, more than adequate parking facilities, and traffic from the adjacent shopping mall on Hylan Boulevard which includes such well known retailers as K-Mart, Pathmark, Toys R Us, Modells and others. Mr. Stephen continued, "With the addition of this new Staten Island Superstore, the Company now owns and operates 22 Aid Auto Stores, 20 of which operate as Superstores. The Company will continue to seek additional opportunities in the New York metropolitan region and anticipates signing additional leases for Superstores in the near future. AID AUTO STORES, INC. 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. As a result of its Superstore growth program, the Company has converted from being a predominantly franchise/wholesale operation to an enterprise where Company-owned retail Superstores account for over 70% of revenues. SOURCE Aid Auto Stores, Inc.