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21 Florida locations of BrakeWorld Purchased

1 July 1998

`Tilden for Brakes' Car Care Centers Purchases 21 Florida locations of BrakeWorld

    LONG ISLAND, N.Y.--July 1,1998--Tilden for Brakes Car Care Centers, a wholly-owned subsidiary of Tilden Associates, Inc. (OTC/BB:TLDN), today announced it has purchased BrakeWorld, taking over 21 locations in Dade, Broward, and Palm Beach Counties, assuming the new name of "Tilden BrakeWorld".
    Based in Long Island, Tilden for Brakes Car Care Centers provides complete automotive service and repair at present through 34 franchises in New York, New Jersey, and Florida.
    Commenting on the acquisition, Robert Baskind, president of Tilden Associates, Inc. stated, "The takeover of BrakeWorld brings Tilden's expertise to Florida, increasing Tilden Brakeworld's services to include a full array of complete automotive repairs, giving the company a major presence in the South in this field."
    President Baskind also stated, "Associated with this expansion, we are pleased to announce the appointment of Jim Hardaway of Boca Raton as Market Development Partner. Under the Tilden corporate plan for expansion into the millennium, Hardaway will develop 15 more Tilden Franchises in South Florida by the year 2003. His present operation is in Hollywood, located at 2001 Pembroke Rd."
    Tilden for Brakes Car Care Centers have served millions of automobile owners since the Tilden family founded the company in 1923. While Tilden initially built its reputation on brakes, all its units offer full auto servicing utilizing state-of-the-art diagnostic equipment, including tire repair/wheel alignment, shocks, transmission operations, muffler shops and exhaust systems at a time when most niche repair shops are limited to specific auto repairs.
    The company has an open invitation for Market Development Partners and individual franchises to share in their successful enterprise. Information may be obtained by contacting Tilden at 1/800-TILDENS or visiting their website at www.tildencarcare.com.

    "Safe Harbor" Statement

    Except for the historical information contained herein, certain of the matters discussed in this press release are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, which involve certain risks and uncertainties, including but not limited to, changes in general economic conditions, material prices , labor costs, interest rates, consumer confidence, competition, environmental factors, and governmental regulations affecting the company's operations.