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Brake Headquarters Announces New $12,000,000 Credit Facility for WAWD Inc.

19 December 1997

Brake Headquarters Announces New $12,000,000 Credit Facility for WAWD Inc.

    LONG ISLAND CITY, N.Y., Dec. 19 -- Brake Headquarters U.S.A.,
Inc. (the "Company") announced today that The CIT Group had
issued a new credit facility to WAWD Inc. (WAWD), a recently acquired wholly
owned subsidiary of the Company.  The credit agreement is for three years, and
gives WAWD a credit facility of $12,000,000.
    Mr. Marc Ruskin, Chief Financial Officer, indicated "This provides WAWD
with the operating capital to pursue its long-term goals for future growth,
and short-term capital requirements."
    The Company and subsidiaries currently have a credit facility of
$24,000,000 with National Bank of Canada and The CIT Group.  These provide the
working capital for 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.
    WAWD is a specialized importer and distributor of high quality European
and Asian products for the automotive aftermarket.

SOURCE  Brake Headquarters U.S.A., Inc.