BRAKE HEADQUARTERS U.S.A., INC. ANNOUNCES LISTING OF WARRANTS ON NASDAQ
LONG ISLAND CITY, NEW YORK, January 29, 1997 - Brake Headquarters U.S.A., Inc., Long Island City, NY (Nasdaq: BHQU and BHQUW)announced the listing of its Class A warrants on the Nasdaq Small Cap Market. The warrants were part of a private placement which occurred in August 1996. The total of 490,000 units each consisting of one share of common stock and two warrants were sold. If all 980,000 warrants are exercised, an aggregate of $4.9 million will be received from the initial sale of shares and the exercise of the warrants. The Company has received approximately $2.0 million from the initial stock sale and the exercise of 240,000 warrants. The funds will be used for working capital and to fuel the future growth of the Company. Press Release for December 17, 1996MAIN /COMPANY OVERVIEW /CATALOG ORDER FORM /PRODUCT LINE