Aid Auto Stores, Inc. signs lease for its next Aid Auto Superstore; Staten Island Superstore's Grand Opening Anticipated For First Quarter Of 1996.WESTBURY, N.Y.--(BUSINESS WIRE)--Dec. 21, 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 next Aid Auto Superstore. The Superstore will be located in the Pergament shopping center at 2795 Richmond Avenue in Staten Island, New York. The store's grand opening, slated for early 1996, 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 approximately 9,000 square feet in what is believed to be one of Staten Island's largest shopping centers. This center currently features such well known retail stores as Pergament, Toys R Us, Rockbottom and Shop Rite, as well as several other well known specialty retail stores. In addition, the center houses Staten Island's only Department of Motor Vehicles In the United States of America, Department of Motor Vehicles (or DMV) is a commonly used name of the government agency of a U.S. state which administers the registration of automobiles (e.g., by issuing license plates), and/or the licensing of drivers (e.g. , which the Company believes will directly benefit the new Aid Auto Superstore and will be a great convenience for its customers. Commenting on the announcement, Philip L. Stephen, chairman and chief executive officer of AID AUTO STORES, INC. stated, "We are extremely pleased to announce the signing of a lease for our next Superstore. The Superstore will benefit from the high volume of traffic generated by such names as Pergament, Shop Rite and Toys R Us, as well as traffic from the Staten Island Mall Staten Island Mall is a shopping mall in the Staten Island borough of New York City, United States. It is the only indoor shopping mall in the borough. It is the largest retail center on the island and is the site of the island's second largest public transit hub after the St. which is located directly across the street from the shopping center. Additionally, the Superstore will have the significant advantage of being located in the same shopping center as Staten Island's only Division of Motor Vehicles office." Mr. Stephen continued, "The signing of this lease puts the Company on track for expanding its Superstore base to 12 stores in key markets throughout the 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. . In this regard, the Company has opened one Superstore in Long Island City, NY, signed leases for stores in Brooklyn and Staten Island, NY and recently acquired ten Aid Auto stores on Long Island, nine of which are expected to be converted into Superstores." AID AUTO STORES, INC., is a major New York metropolitan area 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: Lippert/Heilshorn & Associates Jeffrey Volk -- Ext. 102 Richard Foote -- Ext. 119 212/838-3777 or AID AUTO STORES, INC. 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 |
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