Exhibit 99.1

Midas, AutoZone Announce Agreement for Parts Distribution to Midas
Shops; Midas To Exit Distribution Business

    ITASCA, Ill.--(BUSINESS WIRE)--April 3, 2003--Midas, Inc. (NYSE:
MDS) and AutoZone, Inc., (NYSE: AZO) of Memphis, Tenn., have entered
into a supply agreement calling for AutoZone to distribute automotive
parts and accessories to Midas' 1,670 automotive service shops in the
United States.
    Currently, Midas distributes parts to its franchised and
company-owned shops in the United States through two wholesale
distribution channels. Weekly stocking orders to replenish exhaust,
brake, suspension and other parts are shipped from nine Midas
distribution centers. Shops also obtain just-in-time deliveries of
parts through a network of Midas-owned Parts Warehouse, Inc. (PWI)
quick-delivery sites and other local parts suppliers. Midas announced
in January 2003 that the company would sell or close down its network
of 77 PWI sites.
    As a result of its agreement with AutoZone, Midas will close its
U. S. distribution centers and will exit the distribution business.
Afterwards, Midas shops will receive their weekly stocking orders from
AutoZone's U.S. distribution centers. Dealers will be able to purchase
parts for their just-in-time deliveries from AutoZone's retail stores
nationwide.
    "This program is a win-win situation for Midas dealers and
customers, as well as for Midas and AutoZone," said Alan D. Feldman,
Midas' president and chief executive officer. "Midas dealers will
benefit from improved service from AutoZone's nationwide presence,
access to an expanded line of quality products and preservation of
Midas lifetime consumer warranties on mufflers, brake friction and
shocks and struts."
    Midas will continue to manufacture exhaust products at its plant
in Hartford, Wisc., and will control product specifications and
quality of Midas-brand private label brake and suspension parts. Midas
will close eight U. S. distribution centers and all remaining PWI
sites. One distribution center will remain open to support exhaust
manufacturing and Midas' IPC-brand exhaust wholesale business.
    "The outsourcing of distribution will provide financial benefits
to Midas, given that the wholesale distribution business is not
profitable and consumes a significant amount of capital," Feldman
said. "The agreement with AutoZone assures the Midas system of a
continuing supply of quality products and enables the company to focus
on retailing and its primary objective of growing our profitable
franchising and real estate businesses."
    Feldman also praised the support from the leaders of the
International Midas Dealers Association (IMDA) in making this
transition.
    "We sought input from the senior leadership of the dealer
association as we developed this program. Very importantly, the IMDA
leaders have given us their unanimous endorsement to proceed and have
committed to work with us to make this a successful transition,"
Feldman said.
    "This is a logical step and is a natural fit when you look at the
location of Midas shops laid over the extensive coverage of AutoZone,"
said Joe Stranik, owner of nine Midas shops in Minneapolis and current
IMDA president. "Working together, we will continue to offer our
customers a great warranty, tremendous service and top-of-the-line
products, at a very competitive price."
    The transition of distribution from Midas to AutoZone will occur
in phases throughout the year, beginning during the second quarter.
AutoZone will contact local Midas shops within the next few weeks to
establish working vendor relationships for just-in-time parts
deliveries.
    Then, as each Midas distribution center closes, responsibility for
supplying Midas shops' weekly stocking orders will be moved to the
AutoZone distribution center serving that area.
    The companies expect to complete the nationwide transition by the
end of the year.
    "Because of the efficiency of AutoZone's shipments from its
regional distribution centers and just-in-time AZCommercial deliveries
from local AutoZone stores nationwide, Midas shops should be able to
reduce their inventory in-shop levels, which will help to improve
their profitability," Feldman said.
    AutoZone will assist Midas in the disposal of its U. S.
inventories and will provide support to Midas for its lifetime
warranty program.
    Midas also has signed a letter of intent with Uni-Select (TSX:
UNS) of Boucherville, Quebec, Canada, for a similar distribution
alliance for the 230 Midas shops in Canada.
    Midas will take special charges throughout 2003 to cover the
closing of its distribution centers, the write-down of inventories and
resulting employment reductions. The amount of the charges has not yet
been determined.
    "There are many operational details to be worked out over the next
several weeks as we approach the first distribution center transition
later this quarter," Feldman said. "Midas, Midas dealers and AutoZone
have established cross-functional committees to tackle the issues and
complete the task."

    Midas is one of the world's largest providers of automotive
service, offering exhaust, brake, steering and suspension services, as
well as batteries, climate control and maintenance services at 2,700
franchised, licensed and company-owned Midas shops in 19 countries,
including 2,000 in the United States and Canada.

    NOTE: This news release contains certain forward-looking
statements that are based on management's beliefs as well as
assumptions made by and information currently available to management.
Such statements are subject to risks and uncertainties, both known and
unknown, that could cause actual results, performance or achievement
to vary materially from those expressed or implied in the
forward-looking statements. The company may experience significant
fluctuations in future results, performance or achievements due to a
number of economic, competitive, governmental, technological or other
factors. Additional information with respect to these and other
factors, which could materially affect the company and its operations,
is included in the company's filings with the Securities and Exchange
Commission, including the company's 2002 annual report on Form 10-K.

    CONTACT: Midas, Inc.
             Bob Troyer, 630/438-3016
             www.midasinc.com