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Tilden Associates Inc. Reports Earnings for the Nine Month Period Ended Sept. 30, 1999

17 November 1999

Tilden Associates Inc. Reports Earnings for the Nine Month Period Ended Sept. 30, 1999

    GARDEN CITY, N.Y.--Nov. 17, 1999--Tilden Associates Inc. (OTCBB:TLDN) Wednesday reported income before provision for income taxes of $178,130 and a deferred provision for income taxes of $60,000 resulting in a net income of $118,130 or $.013 per share on revenues of $1,097,959 for the nine month period ended Sept. 30, 1999.
    The above figures are unaudited. For the full year in 1998 earnings were $174,549 ($0.022 per share) on revenues of $1,041,534.
    The results of the first nine months of 1999 include the company's franchise locations increasing from 36 to 57 or 58.33%.
    "I am pleased with the results posted for the first nine months of 1999, especially with our growth of franchises and the direction the company is taking. We remain very excited about our previous acquisitions of both Brake World and American Brake Service. These acquisitions have helped bring us into new markets and an additional base to grow from," said Robert Baskind, president of Tilden Associates Inc.
    Tilden which operates under the tradename of Tilden Car Care Centers, is a full service automotive repair franchise currently with 60 Car Care Centers in 11 states.
    The company has an open invitation for Market Development Partners and individual franchisees 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.

    "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.