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Precision Auto Care Announces Sale of Three Car Washes

23 October 2000

Precision Auto Care Announces Sale of Three Car Washes

    LEESBURG, Va., Oct. 20 Precision Auto Care, Inc.
today announced that it sold three car washes in the
Indianapolis, Indiana for $1.425 million. The proceeds of the sale will be
used for working capital. The Company also announced 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.
Precision Auto Care, Inc. is the world's largest franchiser of auto care
centers, with over 560 operating centers as of October 20, 2000. The Company
franchises and operates Precision Tune Auto Care, Precision Auto Wash, and
Precision Lube Express centers around the world, and offers a vertically
integrated organization with manufacturing and distribution subsidiaries.