The Company's President and CEO, Robert Falconi, stated, "I am pleasedwith the Company's performance this past year. This is the sixth year in arow that the Company has shown solid operating profit and our balance sheetcontinues to get stronger. Although last year's numbers appear significantlybetter at first glance, the comparison with last year's profits has to takeinto account the fact that the Company recognized a $2.9 million deferred taxbenefit a year ago while we did not have that adjustment this year. Ouroperating profit of $847,000 was actually higher in FY08 than in FY07 when itwas $699,000. In addition, same store sales were up by 1.51% and we areconfident that the Company will continue to operate profitably throughoutFY09. Further, the Company now owns and operates seven Precision Tune AutoCare centers and we intend to look for more stores to own and operate in FY09.This will offer another avenue to increase top line growth more rapidly alongwith bottom line growth as long as we can manage those stores profitably."

Lou Brown, Chairman of PACI, said "The Board of Directors continues to bepleased with the Company's operating results and the prospects for FY 2009.The Company's financial position is strong and looks better every quarter. TheBoard of Directors feels confident that the Company will grow in the upcomingyear."

Precision Auto Care, Inc.'s affiliate, Precision Franchising LLC, is oneof the world's leading franchisor of auto care centers, with 382 operatingcenters as of September 26, 2008. Precision Franchising LLC franchisesPrecision Tune Auto Care centers around the world.

Cautionary Statement: The statements in this press release containforward-looking statements within the meaning of the Securities Act of 1933 orthe Securities Exchange Act of 1934. These statements are based on theCompany's current expectations, estimates and projections. Statements thatare not historical facts are forward-looking statements and typically areidentified by words like "believe," "anticipate," "could," "estimate,""expect," "intend," "plan," "project," "will" and similar terms. Thesestatements are not guarantees of future performance, events or results andinvolve potential risks and uncertainties. Accordingly, actual results maydiffer from current expectations, estimates and projections. The Companyundertakes no obligation to update publicly any forward-looking statements,whether as a result of new information, future events or otherwise. Importantfactors that may impact the Company's actual results include: (i) businessconditions and the general economy; (ii) the federal, state and localregulatory environment; (iii) increased competitive pressure in the automotiveafter-market services business; (iv) significant automotive technologyadvances; (v) management's ability to execute the Company's business plan;and (vi) the Company's ability to sell franchises in each state. Additionalinformation concerning risks and uncertainties that could cause actual resultsto differ materially from those projected or suggested in the forward-lookingstatements are in the Company's postings to the Pink Sheets website for theyear ended June 30, 2008. The forward-looking statements contained in thisprospectus represent the Company's judgment as of the date of this prospectus,and you should not unduly rely on these statements.

Three Months Ending June 30 000s except per share amounts 2008 2007 Revenue $ 3,369 $ 3,176 Net income $ 162 $ 3,173* Diluted income per share $ 0.01 $ 0.11 Shares outstanding - diluted 29,006 29,060 * Includes release of the valuation allowance of approximately $2.9 million for the three months ended June 30, 2007. Twelve Months Ending June 30 000s except per share amounts 2008 2007 Revenue $ 12,716 $ 12,072 Net income $ 600 $ 3,407** Diluted income per share $ 0.02 $ 0.12 Shares outstanding - diluted 29,056 29,118 ** Includes release of the valuation allowance of approximately $2.9 million for the year ended June 30, 2007.SOURCE Precision Auto Care, Inc.