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Precision Auto Care Announces Second Quarter FY 07 Results
February 21, 2007
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LEESBURG, VA -- Precision Auto Care, Inc. (PACI) has announced its financial results for the second quarter of fiscal year ending June 30, 2007. Revenue was $2.8 million and loss was $38,000, or 0 cents per share, compared with a profit of $207,000, or 1 cent per share, on revenue of $2.7 million for the same period in the prior year.

The company's President and CEO Robert Falconi, stated, "While I am disappointed that we had a small loss this past quarter, the business fundamentals remain sound. Over the course of 2006, both same store sales and system sales increased."

Lou Brown, chairman of PACI, said, "The Board of Directors is pleased with the company's progress even given the small loss. We are especially happy that same store sales and system sales increased during 2006."

For more information about Precision Auto Care, go to: http://www.PrecisionTune.com.