Floor Decor, Inc. to Acquire Leading UK Telematics Company.

Business Editors

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Dec. 12, 2001

Innovative Deal Offers Shareholders Additional Opportunity and

Compliments Financing Strategy for Big Box Superstore Expansion

Floor Decor, Inc. (OTCBB:FLOR), a leading home flooring big box superstore chain, today announced it has signed a definitive agreement to purchase the outstanding stock of Eagle Eye Scandinavia Distribution Ltd, an English limited private company that specializes in the marketing and distribution of automotive telematics systems and services, an industry that is anticipated to exceed $7.3 billion in four years. Terms of the deal were not disclosed.

"We are very excited about this opportunity and subject to due diligence and initial orders verification currently underway, we anticipate closing within the next 30 days," said AJ Nassar, Chief Executive Officer of Floor Decor, Inc.

"While Eagle Eye is a departure from our core business, it is in keeping with our mission to offer our shareholders extraordinary value and opportunity," said AJ Nassar. "We remain strongly committed to growing Floor Decor's Superstore Big Box Chain and believe that the diversity and cash flow projections provided by Eagle Eye will enable our financing strategy with the necessary capital to expand Floor Decor's chain of Big Box Superstores."

Eagle Eye Scandinavian Distribution has the exclusive rights to market the telematics products of Eagle Eye Tracking (EET) Systems in Scandinavia and Yugoslavia. The EET product, referred to as a vehicle communications gateway, combines telecommunications and Global Positioning System technologies to provide security and communications solutions for fleet vehicle management.

About Floor Decor

Founded in July 2000 and patterned after the successful "Big Box" retail concept, Floor Decor is positioned to transform the $30 billion flooring industry by providing homebuilders and consumers with the most extensive selection of floor coverings under one roof. Floor Decor's premier Superstore, located at 6001 Powerline Road, Fort Lauderdale, features more than 50,000 sq. ft. of space and houses more than 5,000 area rugs and 1,000.000 sq. ft. of other floor coverings.

Except for historical matters contained herein, the matters discussed in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements reflect numerous assumptions and involve risks and uncertainties that may affect Floor Decor, Inc. and its subsidiary businesses and prospects and cause actual results to differ materially from these forward-looking statements. Among the factors that could cause actual results to differ are Floor Decor, Inc.'s operating history; competition; low barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms; and those risks discussed in the Company's filings with the SEC.