EXHIBIT 99.1



FOR:                                                        CONTACT:
Precision Auto Care, Inc.                                   Robert Falconi x214
P.O. Box 5000                                               CFO
Leesburg, VA  20177                                         (800) 438-8863


FOR IMMEDIATE RELEASE
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                            RIGHTS OFFERING EXTENDED

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LEESBURG,  VA - March 12, 2002,  Precision Auto Care,  Inc. (OTC Bulletin Board:
PACI) Lou Brown, President & CEO of Precision Auto Care, Inc. (PACI),  announced
today that the Company  would extend its Rights  Offering from March 15 to April
5, 2002. The Company is offering an aggregate of 4,032,723  shares of its common
stock to shareholders of record as of February 14, 2002. These shareholders have
the right to purchase  one share of common  stock for each 2.5 shares owned at a
purchase  price of $0.30 per share.  The  Company  is  engaging  in this  Rights
Offering to obtain additional working capital.

                  Precision Auto Care, Inc. is the world's leading franchisor of
auto care  centers,  with over 500 operating  centers as of March 12, 2002.  The
Company  franchises  and operates  Precision  Tune Auto Care centers  around the
world.
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         Cautionary  Statement:  The statements in this press release constitute
"forward-looking statements" within the meaning of Section 27A of the Securities
Act of 1933 and  Section  21E of the  Securities  Exchange  Act of  1934.  These
statements  are subject to risks and  uncertainties  that could cause  Precision
Auto  Care  Inc.'s  actual  results,   performance  or  achievements  to  differ
materially  from any future results,  performance or  achievements  expressed or
implied  by  such  forward-looking  statements.  For  example,  there  can be no
assurance  that the Company will be able to modify the terms of its  outstanding
debt, obtain  additional  capital,  or complete any divestiture,  partnership or
other restructuring  transactions in a timely fashion or on terms and conditions
that are acceptable to the Company.  Other risks and uncertainties  include, but
are not limited to, (i) the risks and  uncertainties  reflected and set forth in
the text of this press release,  (ii) the fact that Precision Auto Care Inc. and
the companies it acquired on and  subsequent  to the date of its initial  public
offering have only recently  conducted  operations as a combined company,  (iii)
the seasonal  nature of portions of the  business,  (iv) the highly  competitive
markets  in which  Precision  Auto  Care  Inc.  operates,  (v)  difficulties  in
integrating  all of the businesses  Precision Auto Care Inc. has acquired,  (vi)
risks  associated  with  Precision  Auto Care  Inc.'s  ability to  continue  its
strategy  of  growth  through  acquisitions  and  (vii)  risks  associated  with
Company's  ability  to  make  or  effect  acquisitions  in  the  future  and  to
successfully  integrate  newly-acquired  businesses into existing operations and
the risks associated with such  newly-acquired  businesses.  For a discussion of
such other risks and uncertainties which could cause actual results, performance
or  achievements   to  differ  from  those  contained  in  the   forward-looking
statements,  see "Risk  Factors" in the  Company's  most  recently  filed Annual
Report on Form 10-K.


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