The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

APS Holding Corporation Announces Overhaul of its Business Operations

12 June 1998

APS Holding Corporation Announces Overhaul of its Business Operations
           Installers' Service Warehouse Operation to be Integrated
                    into Big A(R) Company Store Framework

                      Closure of Underperforming Stores

    HOUSTON, June 12 -- APS Holding Corporation announced today
that it is undertaking a restructuring of its business operations.  In
addition to the 32 company-owned stores closed during the first quarter, the
Company intends to close approximately 115 additional underperforming
company-owned stores and Installers' Service Warehouse (ISW) units during the
second quarter, for a total of approximately 145.  The restructuring will also
include integration of APS' remaining ISW operations into the Big A(R)
company-owned store framework and the consolidation of its distribution center
network.  As it has done in the past when operations have been closed, the
Company is currently re-circulating the inventory from the closed locations
through its distribution network.
    In conjunction with these closings, as previously announced in mid-April,
the Company has closed its Seattle distribution center which had never been
profitable.  In addition, the St. Louis and Tulsa distribution centers have
been converted to redistribution centers to help facilitate the Company's
operational restructuring.
    APS has also begun a program to integrate its remaining ISW operations
into the Big A company store framework under the Big A Express banner over
time.  This transition will take place during the remainder of 1998.
Day-to-day responsibility for the combined company-owned store operation is
now under the direction of Mike Preston, Senior Vice President.
    "The consolidations and closures reflect APS' efforts to appropriately
address underperforming regions or specific operating units," said Bettina M.
Whyte, Chief Executive Officer of APS Holdings.  "APS' attention remains on
its core and profitable business, the wholesale distribution of aftermarket
automotive parts."
    Ms. Whyte added, "Going forward, we believe that our remaining network of
company-owned units will enable APS to further reinforce its focus on both its
loyal associated jobber network and local installers in most geographical
regions of the United States."
    APS Holding Corporation is a national distributor of Big A brand and
manufacturer branded automotive replacement parts, as well as tools,
equipment, supplies and accessories.  It sells to approximately
1,600 associated auto parts stores through 24 distribution centers and
operates approximately 350 company-owned stores under the Big A and Big A
Express brands.
    This news release contains forward-looking statements that involve risks
and uncertainties.  Actual results, events and performance could differ
materially from those contemplated by these forward-looking statements.  Among
the factors that could cause actual results, events and performance to differ
materially are risks and uncertainties discussed in this news release and
those detailed from time to time in the Company's filings with Securities and
Exchange Commission, including the Company's annual report on Form 10-K for
the fiscal-year ended January 31, 1998 and the Company's quarterly report on
Form 10-Q for the quarterly period ended April 25, 1998 and in the Company's
other public reports and statements.