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LOGOS INTERNATIONAL CLOSES UNIVERSAL AUTO CARE CLINIC, OPENS THE ADJUSTMENT CENTER

 SALT LAKE CITY, Jan. 29 /PRNewswire/ -- Logos International Inc. announced today the closing of Universal Auto Care Clinic Inc. (Universal), a full-service auto care facility located in West Valley City, Utah, and the opening of a new operation, The Adjustment Center Inc. (TAC) to be located in West Jordan, Utah.
 The closing of Universal is part of a company-wide effort to control costs and improve the profitability of each operation, as well as the company as a whole. Universal was acquired by Logos through a voluntary stock-for-stock exchange with Associated Trades Inc., in May 1992. A struggling business at the time, the company suffered additional losses from operations and theft, through the remainder of the year. Losses for 1992 totalled approximately $120,000. There were 22 employees affected in the closing.
 After six months of searching, The Adjustment Center has entered into a lease agreement, with an option to purchase the entire building, for 40,000 square feet of a 60,000-square-foot building in West Jordan, to use for its new operation servicing the Salt Lake City area. Operating as a wholly owned subsidiary, the TAC will be a fully enclosed facility for storage of vehicles, with 24-hour security. Of particular interest to this operation will be insurance companies needing to store damaged vehicles, pending inspection and claims determination by their adjusters, law enforcement and taxing authorities using it for impound of vehicles, and private individuals seeking indoor, long-term storage of their personal vehicles that is secure and out of the weather. Projected revenues for this facility's first year are $1 million, with plans to open additional locations this year. The TAC is also negotiating to secure space in Illinois, Tennessee, Pennsylvania and California, as well as larger space in the Salt Lake City area.
 -0- 1/29/93
 /CONTACT: Richard Surber or Ramon Smullin of Logos International, 801-575-8311, or (fax) 801-575-8340/


CO: Logos International Inc.; Universal Auto Care Clinic Inc.;
 The Adjustment Center Inc. ST: California IN: SU:


BP -- LA013 -- 0743 01/29/93 12:12 EST
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Publication:PR Newswire
Date:Jan 29, 1993
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