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Precision Auto Care Announces Sale of Five Car Washes

14 September 2000

Precision Auto Care Announces Sale of Five Car Washes

    LEESBURG, Va., Sept. 13 Precision Auto Care, Inc.
today announced that it sold five car washes in the Columbus,
Ohio area for $1.8 million.  The net proceeds were applied to reduce the
Company's outstanding indebtedness to FFCA Acquisition Corporation from
approximately $2.6 million to under $1 million.  The Company also announced
that it has signed an agreement to sell three car washes in Indianapolis,
Indiana, and that negotiations were underway with potential purchasers for the
sale of one other car wash in Indianapolis, and a Precision Tune Auto Care
center in Stratford, Connecticut.  The net proceeds will be applied first to
satisfy the Company's remaining indebtedness to FFCA with the balance to be
applied to prepay its senior financing.