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Tilden Reports Profitable 1999 Continued Development of Car Care Centers

29 March 2000

Tilden Associates, Inc. Reports Profitable 1999 Continued Development of Tilden Car Care Centers

    GARDEN CITY, N.Y.--March 29, 2000--Tilden Associates, Inc (OTCBB:TLDNE), operating under the trade name of "Tilden for Brakes Car Care Centers," a complete automotive service and repair company based on Long Island, today reported net income before taxes increased 21 percent to $211,266 for 1999 versus $174,549 in the prior year.
    The company reported 1999 was another consecutive year of profitability with a net profit of $129,011, or $.01395 per share, after provision for taxes, on revenues of $1,361,213 for the year ended December 31,1999. For the prior year, the company reported net income of $174,549, or $.02195 per share, when the company utilized a tax provision which was not available in the current year, on revenues of $1,041,534.
    The company's growth is reflected in its automotive repair franchise business which expanded 69 percent this year to 60 in 11 states. Total assets increased 76% to $2,269,306 during the year. Shareholder's equity rose 93.2 percent.
    "Tilden has made remarkable progress expanding nationally and we look forward to 2000 being another major growth year for the company," remarked President Robert Baskind of Tilden Associates, the parent company.
    A family automotive repair business based on Long Island, N.Y., since 1923, Tilden has established 60 Tilden Car Care centers in 11 states. The company has an open invitation for Market Development Partners and individual franchises. Its website address is www.tildencarcare.com. For information on franchising opportunities, the company can be E-mailed at info@tildencarcare.com or phone at 1/800-Tildens.

    "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 price, labor costs, interest rates, consumer confidence, competition, environmental factors, and governmental regulations affecting the company's operations.