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Tilden Associates, Inc. Reports Profitable 1998

8 April 1999

Tilden Associates, Inc. Reports Profitable 1998; Continued Development of Tilden Car Care Centers

    GARDEN CITY, N.Y.--April 8, 1999--Tilden Associates, Inc. (OTC BB:TLDN), operating under the trade name of Tilden for Brakes Car Care Centers, today reported a net profit of $174,549, or $0.02 per share, from revenues of $1,041,534 for the year ended December 31, 1998, versus a loss of $281,994 or a loss of $.0375, from revenues of $74,693 for the year 1997.
    Tilden management pointed out that the company's success in 1998 following the 1997 development year was very gratifying and the company's exciting program of continuing its development and acquisitions should sustain its rising profitability .
    Subsequent to the 1998 year-end, Tilden Associates purchased an additional chain of 13 locations with the intent of integrating them into the Tilden system. During the same period Tilden, through a private placement, raised an additional $550,000 of capital which will be used towards further expansion through both franchise development and acquisitions.
    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 in the New York market, Tilden currently has over 50 locations nationally which 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.
    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.

                                  1998                  1999
        
Revenues                       $1,041,534           $   74,693
Net income (loss)              $  174,549           $ (281,994)
Earnings (loss) per share      $    .0208           $   (.0375)
Shares Outstanding              8,401,000            7,566,000

    "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.