Server: Netscape-Communications/1.1 Date: Thursday, 18-Dec-97 01:59:26 GMT Last-modified: Wednesday, 15-Jan-97 21:55:14 GMT Content-length: 1961 Content-type: text/html PRESS RELEASES

BRAKE HEADQUARTERS U.S.A., INC. ANNOUNCES THIRD QUARTER RESULTS

LONG ISLAND CITY, NEW YORK, November 26, 1996 -- Brake Headquarters, U.S.A., Inc. (Nasdaq: BHQU) (the "Company") reported its unaudited results of operations for the quarter ended Sept. 30, 1996 (the "Third Quarter"). Gross sales in the three months ended September 30, 1996 increased by $733,380, or 8.5%, to $9,358,584 compared to $8,625,204 for the three months ended September 30, 1995. Gross sales for the nine months ended September 30, 1995 increased by $2,639,484, or 10.7%, to $27,377,629 compared to $24,738,145 for the corresponding period in 1995. These increases were due primarily to the continued expansion of product lines which include brake rotors and drums, disc pads and shoes, wheel cylinders, brake hoses and other hydraulics with current customers and a successful program for obtaining new customers. In addition, Autozone, Inc., a large retail chain which became a customer in late 1993, accounted for approximately 26% of the Company's revenues for the nine months ended September 30, 1996, compared to 16% of the Company's revenues for the nine months ended September 30, 1995.

The Company, through its wholly-owned subsidiary, Sanyo Automotive Parts, Ltd. has been engaged in business as a wholesaler of undercar parts since 1976. Sanyo imports, assembles and distributes undercar parts to the automotive aftermarket industry. Press Release for November 16,1996


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