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Brake Headquarters U.S.A., Inc. Announces Third Quarter Results

26 November 1997

Brake Headquarters U.S.A., Inc. Announces Third Quarter Results

    LONG ISLAND CITY, N.Y., Nov. 26 -- Brake Headquarters U.S.A.,
Inc., (the "Company") reported its results of
operations for the period ended September 30, 1997 (the "Third Quarter").  Net
income for the three months ended September 30, 1997 was $14,964 on net sales
of $7,431,959.  This compared to $8,562 on net was of $8,580,280 for the
period ended September 30, 1996.  Net income for the nine months ended
September 30, 1997 was $104,305, or $.02 per share, on net sales of
$22,046,355 compared to $63,353, or $.02 per share, on net sales of
$25,194,691 for the period ended September 30, 1996.
    The Company consolidated its credit facility in November 1997.  It
expanded its facility by $2,000,000 to $12,000,000 at the prime rate.  The new
agreement is for three years which expires in November 2000.  Mr. Joseph Ende,
President and CEO of Brake Headquarters U.S.A., Inc., indicated the increased
credit line is to be used to fund the continuing growth and acquisition
strategy of the Company.
    The Company has been engaged in business as a wholesaler of undercar parts
since 1976.  The Company imports, assembles, distributes and manufactures
undercar parts to the automotive aftermarket industry.

SOURCE  Brake Headquarters U.S.A.