Tilden Associates Inc. Announces Market Development Partner

2 July 1998

Tilden Associates Inc. Announces Market Development Partner for South Florida's 23 New Tilden BrakeWorlds

    LONG ISLAND, N.Y.--July 2, 1998--Tilden Associates Inc. (OTC BB:TLDN), operating under the trade name of "Tilden for Brakes Car Care Centers," a complete automotive service and repair company based in Long Island Thursday announced it has signed an agreement with Jim Hardaway of Boca Raton, Fla., engaging Hardaway to be Tilden's Market Development Partner for South Florida. The agreement calls for Hardaway to develop 15 more Tilden franchises in Florida within the next 5 years in addition to being responsible for the management of 23 existing Tilden BrakeWorld franchises located in Dade, Broward, and Palm Beach Counties.
    Tilden has just purchased BrakeWorld, taking over 21 locations in the three counties, converting them into "Tilden BrakeWorlds," expanding their services to include a full array of complete automotive repairs. Hardaway has a Tilden BrakeWorld franchise in Hollywood, Fla., located at 2001 Pembroke Road, which he is expanding to include the more extensive Tilden services.
    "With Tilden making a major move into Florida, Jim Hardaway's extensive knowledge of the automotive repair industry and the South Florida market will be a important asset," declared President Robert Baskind of Tilden Associates, the parent company.
    Based in Long Island, Tilden for Brakes Car Care Centers has been a family automotive repair business since 1923 now providing complete automotive service and repair through 34 franchises in New York, New Jersey, and Florida. The company is inviting prospective Market Development Partners to apply for franchises throughout the nation 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.