Aid Auto Stores, Inc. signs letter of intent to acquire 10 AID Auto Store franchises - company expects to convert up to nine stores into Aid Auto Superstores -.

WESTBURY, N.Y.--(BUSINESS WIRE)--Sept. 18, 1995--AID AUTO STORES, INC. (Nasdaq Symbols: AIDA, AIDAW), today announced it has signed a letter of intent with Werner (Gene) Neuburger, an Aid Auto Stores, Inc. franchisee, to acquire all 10 of his Aid Auto Stores located in Long Island, New York. Terms of the proposed acquisition were not disclosed.

The Company noted that it intends to convert up to nine of the ten stores into Aid Auto Superstores. Superstores range in size from 5,000 to 8,000 square feet. The Company's first Superstore successfully opened July 22, 1995 in Long Island City, New York.

Commenting on the announcement, Philip. L. Stephen, chairman and chief executive officer of Aid Auto Stores, Inc., stated, "The Superstore concept has already proven to be successful as our Long Island City, NY store continues to show positive results. We firmly believe that the Long Island market offers the

Company tremendous growth potential. All of the stores we intend to acquire in this transaction are well established and we believe they will be better able to serve their respective marketing areas as Aid Auto Superstores. Additionally, we are confident that we will considerably enhance the Company's market penetration in the Long Island region as well as the volume and profitability of these stores. The Company will also benefit from an increase to 100% of the acquired stores' purchases being supplied by the Company as opposed to a significant portion of purchases previously made from outside vendors. Given their close proximity to our central distribution center, located in Nassau County, operating costs for these stores will be reduced. Advertising costs, as a percentage of sales, should also decrease as the stores utilize a single advertising program for the Superstore strategy."

Mr. Stephen continued, "The proposed acquisition is in keeping with our strategy to open approximately 12 Superstores over the next 12 months. In addition, we continue to review potential sites for additional Aid Auto Superstores throughout the New York metropolitan region and are optimistic that we will sign leases for stores in the near future."

The Company noted that Mr. Neuburger will join the Aid Auto management team as executive vice president of store operations. Mr. Neuburger's numerous years of automotive retail experience is expected to contribute greatly to the future growth and expansion of Aid Auto Stores, Inc.

The consummation of the proposed acquisition is subject to completion of due diligence and the negotiation and execution of a definitive acquisition agreement.

AID AUTO STORES, INC., is a major New York metropolitan retailer and wholesaler of automotive parts, tools and accessories, targeting both the do-it-yourself and commercial markets.

CONTACT: Lippert/Heilshorn & Associates, Inc.

Jeffrey Volk -- Ext. 102

Lorin Cohen -- Ext. 123

[phone]

or

Company Contact:

AID AUTO STORES, INC.

Philip L. Stephen

Chairman and CEO 

516-338-7889