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Grease Monkey Holding Corporation Closes Merger with QL 3000 'In Escrow'

13 December 1999

Grease Monkey Holding Corporation Closes Merger with QL 3000 'In Escrow'

    DENVER, Dec 13-- Grease Monkey Holding Corporation
(OTC Bulletin Board: GMHC) today announced that Grease Monkey and QL 3000,
Inc. have closed their pending merger "in escrow."  Pursuant to the escrow
arrangement, the merger will be effective upon satisfaction of certain
conditions to the merger.  There can be no assurance that the merger will be
completed.
    Holders of Grease Monkey's Common Stock and Preferred Stock will receive
notice from American Securities Transfer & Trust, Inc., Grease Monkey's
transfer agent, with instructions on where to deliver their shares if and when
the merger is completed.  Shareholders should not send their shares to
American Securities Transfer or to Grease Monkey prior to receiving such
notice.
    Grease Monkey is the largest independent quick lube organization in the
United States and ranks third in size in the industry.  The Company, which is
a leading provider of preventive maintenance services for automobiles, has
more than 200 Grease Monkey Centers operating in the United States and Mexico.

    Statements contained in this press release that are not historical facts
are forward-looking statements as that term is defined in the Private
Securities Litigation Reform Act of 1995.  Such forward-looking statements are
subject to risks and uncertainties, which would cause actual results to differ
materially from estimated results.  Such risks and uncertainties are detailed
in Grease Monkey's filings with the Securities and Exchange Commission,