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AID AUTO STORES, INC. Announces New Revolving Credit Facility With Foothill Capital Corporation

10 October 1997

AID AUTO STORES, INC. Announces New Revolving Credit Facility With Foothill Capital Corporation

    WESTBURY, N.Y., OCT. 10 -- AID AUTO STORES, INC.
(Nasdaq: AIDA, AIDAW) today announced that the Company entered into a new
three year revolving credit facility with Foothill Capital Corporation,
providing for maximum borrowings of up to $15,000,000.  The revolving credit
facility replaces the $10,000,000 credit facility the Company had with its
previous lender.
    Commenting on the announcement, Philip L. Stephen, Chairman and Chief
Executive Officer of AID AUTO STORES, INC., stated, "We are extremely pleased
to announce this new relationship with Foothill Capital Corp.  We feel
confident this relationship will assist us in continuing the successful growth
of our Superstore program."
    The Company also disclosed that they have discontinued all negotiations
with a large regional retailer with respect to opening mini-Aid Auto Stores
within the retailer stores due to the current financial condition of this
other retailer.  The Company also noted it had not made any significant
expenditures towards this proposed program.
    Mr. Stephen further stated, "We believe the proposed mini-Aid Auto Store
program can be implemented with one or more other large retailers.
Furthermore, we will continue to pursue further opportunities to expand our
Superstore concept."
    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 predominately
franchise/wholesale operation to an enterprise where Company owned retail
Superstores account for over 70% of revenues.
    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.