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Tilden Associates, Inc. Signs With Frannet Consultants

12 January 1999

Tilden Associates, Inc. Signs With Frannet Consultants to Franchise Nation-Wide


    GARDEN CITY, N.Y.--Jan. 12, 1999--Tilden Associates Inc. (OTC BB:TLDN) of Garden City, N.Y., which operates automotive repair franchises under the name of Tilden for Brakes Car Care Centers, Tuesday announced it has signed an agreement with Frannet, a National Franchise Consulting Firm, with over 50 offices throughout the U.S. and Canada, to sell franchises and develop the Tilden concept nationally.
    Tilden currently has 35 operating automotive repair franchised centers and has a contract to acquire American Brake Service Inc. based in Atlanta, which currently operates 13 franchised centers. After this acquisition, Tilden will have a presence in ten states.
    Frannet is the world's largest group of Franchise Consultants. Their primary business is to find qualified candidates and guide them towards exciting business opportunities growing franchise companies that are right for them. Frannet has accepted Tilden into its select inventory of companies to promote. Tilden was introduced to all of the Frannet consultants this week at Frannet's national meeting in San Diego.
    In 1998, Tilden grew over 300% and according to Howard Bassuk, president of Frannet, it plans to help Tilden surpass those numbers in 1999 and bring the Tilden franchise to every state. "We know Frannet has the ability to bring us many qualified Tilden Franchisees and grow with us well into the millennium. We look forward to a very successful long term relationship with Frannet," said Robert Baskind, president of Tilden Associates Inc.
    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 brakes, tune-ups, wheel alignment, shocks/struts, air conditioning and other services, at a time when most niche repair shops are limited to specific auto repairs.
    Tilden 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.