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Smart Choice Automotive Group, Inc. Announces Filing

20 July 1998

Smart Choice Automotive Group, Inc. Announces Filing of Registration Statement for Public Offering of 5 Million Shares of Common Stock

    TITUSVILLE, Fla., July 17 -- Smart Choice Automotive Group,
Inc. announced today that it has filed a Registration
Statement on Form S-1 for a public offering of 5 million shares of Common
Stock, $.01 par value ("Common Stock").  The Offering is being managed by
Stephens Inc., Cruttenden Roth Incorporated and Southeast Research Partners,
Inc.  A prospectus may be obtained, when available, from Sandra Farmer at
Stephens Inc., 111 Center Street, Little Rock, Arkansas 72201 (501) 377-2130.
    All of the 5,000,000 Common Stock shares are being sold by the Company.
In addition, the Company has granted the proposed underwriters an option to
purchase 750,000 shares of Common Stock to cover over-allotments, if any.
    The Company intends to use the net proceeds from the Offering to repay
outstanding indebtedness and expand operations.
    A Registration Statement relating to these securities has been filed with
the Securities and Exchange Commission but has not yet become effective.
These securities may not be sold nor may offers to buy be accepted prior to
the time the registration statement becomes effective.  This press release
shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of these securities in any state in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.