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Pickups Plus Expands to the East Coast With First Franchise in New Jersey

20 June 2000

Pickups Plus Expands to the East Coast With First Franchise in New Jersey

    MASON, Ohio - Pickups Plus, Inc., a national retailer and franchiser in the $30 billion a year accessories after market for pickups and SUVs announced today that it has signed a letter of intent for its first franchise in Central New Jersey. Finalization of the agreement is contingent upon the securing of a suitable location, as determined by Pickups Plus.

    John Fitzgerald, President of Pickups Plus, said: "We are excited about penetrating the New York, New Jersey metropolitan area with our first location to be in and around the Princeton, NJ area. This will be the first of many locations in the most densely populated area of the country. With the recent announcement of our Area Agreement for Pittsburgh, PA and the addition of this New Jersey location, we will be able to penetrate this huge market area much more rapidly."

    Brian Glover, Director of Franchising for Pickups Plus, stated: "Since I joined the Company two months ago, we have been filling the pipeline with prospective franchisees and the New Jersey location is the first of many that will start to flow out from our efforts. We are very selective and the first New Jersey franchise meets our stringent criteria and will help us build the no.1 franchise organization in the pickup and SUV after market accessory business."

    Pickups Plus, Inc. is a retailer and franchiser of stores devoted exclusively to the sale and installation of accessories for pickup trucks and sport utility vehicles. Through the opening of company stores, select franchises and future acquisitions, Pickups Plus, Inc. intends to become the national leader in providing accessories for pickups and SUVs while obtaining its share of this $30 billion dollar market.

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934, as amended by Public Law 104-67 and is subject to safe harbor created by these sections. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements, which involve numerous risks and uncertainties. Past performance is not necessarily indicative of future results.