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Automax Announces Opening of its Third West Palm Beach Location

2 September 1999

Automax International Inc., a Division of Kenwick Industries Inc., Announces the Opening of its Third West Palm Beach ``Buy-Here Pay-Here'' Location

    FORT LAUDERDALE, Fla.--Sept. 1, 1999--Automax International Inc., a Kenwick Industries Inc. company (OTC BB:KWIN), announced the opening of its third dealership in West Palm Beach.
    With the addition of the new "Buy-Here Pay-Here" location it is anticipated that gross revenues should increase 70% to approximately $7.2 million with before tax earnings of approximately $2.1 million for the calendar year 2000.
    Automax International Inc. maintains a good customer base in the West Palm Beach area and with the addition of the new location its presence in the community should insure substantial increases in its earnings asset base and additional revenues for its finance division.

ABOUT THE COMPANY

    Kenwick Industries is a multi-industry corporation whose core business is automobile sales and financing. Kenwick also manages a language program with distribution to institutions and consumers.

    The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made or to be made by Kenwick) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and, accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of Kenwick. These risks and uncertainties include, but are not limited to, those relating to development and expansion activities, dependence on existing management, financing activities, and market competition factors.