AID AUTO STORES, INC. SIGNS LEASE FOR ITS SECOND AID AUTO SUPERSTORE; Brooklyn Superstore's Grand Opening Anticipated For Early 1996.WESTBURY, N.Y.--(BUSINESS WIRE)--Nov. 6, 1995--AID AUTO STORES, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on Symbols: AIDA (language) AIDA - 1. A functional dialect of Dictionary APL by M. Gfeller. ["APL Arrays and Their Editor", M. Gfeller, SIGPLAN Notices 21(6):18-27 (June 1986) and SIGAPL Conf Proc]. 2. , AIDAW) today announced that it has signed a lease for its second Aid Auto Superstore. The Superstore will be located on 18th Avenue at 86th Street in the Bensonhurst section of Brooklyn, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The store's grand opening is slated for early 1996 and will include a personal appearance by former New York Knick basketball star and Aid Auto spokesman, Walt "Clyde" Frazier. The long-term lease will encompass 13,000 square feet of retail space, making the facility the largest Aid Auto Superstore to date. Commenting on the announcement, Philip L. Stephen, chairman and chief executive officer of AID AUTO STORES, INC., stated, "We are excited about the prospects for this store given its size and location and are confident that it will make an immediate impact in its region. The store will also benefit from the strong name recognition the Company has enjoyed in Brooklyn for over 42 years." Mr. Stephen continued, "This Superstore marks the continuation of our business strategy to which, as previously stated, is to open approximately 12 Superstores over the next 12 months. We are ahead of schedule as our first Superstore opened in July and we recently signed a letter of intent to acquire ten Aid Auto Stores on Long Island, of which up to nine are expected to be converted to Superstores." AID AUTO STORES, INC., is a major New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. franchisor, retailer and wholesaler of automotive parts and accessories, targeting both the do-it-yourself and commercial markets. Through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Ames Automotive Warehouse, Inc., the Company supplies automotive aftermarket products for resale to non-automotive chain stores and independent jobbers and installers in the tri-state area. CONTACT: Company Contact: Philip L. Stephen, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , 516/338-7889 or Investor Relations Contact: Lippert/Heilshorn & Assoc. (212) 838-3777 Jeffrey Volk - ext. 102 Rick Foote - ext. 119 |
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