DIY Home Warehouse, Inc. Announces Closing of Three Locations

Apr 10, 2001, 01:00 ET from D.I.Y. Home Warehouse, Inc.

    CLEVELAND, April 10 /PRNewswire/ -- D.I.Y. Home Warehouse, Inc.
 (OTC Bulletin Board:   DIYH) today announced that it will close its Brook Park,
 Medina and Mentor, Ohio locations.  Liquidation sales at all three locations
 are scheduled to begin later this week and are expected to be completed during
 the month of July.
     The Company is closing the Mentor store to facilitate an advantageous
 assignment of its lease rights to a third-party.  The difficult decision to
 close the Brook Park and Medina locations was based on the stores'
 disappointing sales and profitability levels as well as increased levels of
 interest in the real estate of these two locations.  Proceeds from the lease
 assignment as well as from the liquidated inventories will be used to reduce
 the outstanding balance on the Company's revolving credit facility.
     D.I.Y. Home Warehouse, Inc. continues to operate six warehouse format home
 centers in the Northeast Ohio marketplace which sell products to do-it-
 yourself home repair and remodeling customers and contractors.
     The statements contained in this news release may include certain
 predictions and projections that may be considered forward-looking statements
 under securities law.  These statements involve a number of important risks
 and uncertainties that could cause actual results to differ materially
 including, but not limited to, the performance of the retail and home
 improvement industry, as well as other economic, competitive and technological
 factors involving the Company's operations, markets, products and prices.
 
 

SOURCE D.I.Y. Home Warehouse, Inc.
    CLEVELAND, April 10 /PRNewswire/ -- D.I.Y. Home Warehouse, Inc.
 (OTC Bulletin Board:   DIYH) today announced that it will close its Brook Park,
 Medina and Mentor, Ohio locations.  Liquidation sales at all three locations
 are scheduled to begin later this week and are expected to be completed during
 the month of July.
     The Company is closing the Mentor store to facilitate an advantageous
 assignment of its lease rights to a third-party.  The difficult decision to
 close the Brook Park and Medina locations was based on the stores'
 disappointing sales and profitability levels as well as increased levels of
 interest in the real estate of these two locations.  Proceeds from the lease
 assignment as well as from the liquidated inventories will be used to reduce
 the outstanding balance on the Company's revolving credit facility.
     D.I.Y. Home Warehouse, Inc. continues to operate six warehouse format home
 centers in the Northeast Ohio marketplace which sell products to do-it-
 yourself home repair and remodeling customers and contractors.
     The statements contained in this news release may include certain
 predictions and projections that may be considered forward-looking statements
 under securities law.  These statements involve a number of important risks
 and uncertainties that could cause actual results to differ materially
 including, but not limited to, the performance of the retail and home
 improvement industry, as well as other economic, competitive and technological
 factors involving the Company's operations, markets, products and prices.
 
 SOURCE  D.I.Y. Home Warehouse, Inc.