EXHIBIT 99.1

           Midas, Inc. Announces Share Repurchase Program;
                     Restructures Bank Agreements

    ITASCA, Ill.--(BUSINESS WIRE)--Nov. 9, 2004--Midas, Inc.
(NYSE:MDS) announced today that its board of directors has authorized
a share repurchase plan to begin in 2005, for up to $25 million in
shares.
    There currently are 15.6 million Midas shares outstanding. Midas
shares closed at $19.01 on Tuesday. Midas will use cash generated
internally over the next several years to purchase shares from time to
time in the open market and in privately negotiated transactions,
depending on market and business conditions.
    Midas also said it has amended the terms of its credit facility
from a group of lenders that it entered in March 2004. The amendments
lower required annual principal payments from $10 million to $6
million, reduce interest rates by 50 basis points on both company
loans and remove certain restrictive covenants, including one that
prevented a share repurchase program. Based on the company's current
debt levels, interest on the revolving loan is now payable at LIBOR
plus 2.25 percent and interest on the term loan is now payable at
LIBOR plus 2.5 percent. At the end of the third quarter, Midas had
$20.1 million outstanding on the revolving loan and $56.2 million
outstanding on the term loan.
    "The repurchase program and the amendments to our credit facility
are evidence of our confidence in the company's growing financial
strength as Midas continues its transformation to focus on the
profitable franchise retail business," said Alan D. Feldman, Midas
president and chief executive officer. "Our capital allocation plan
provides for a portion of our free cash flow to be invested in
continued debt reduction and growth initiatives, with the balance
returned to shareholders through this buyback program."

    Midas is one of the world's largest providers of automotive
service, offering exhaust, brake, steering and suspension services, as
well as maintenance services, tires and batteries at more than 2,600
franchised, licensed and company-owned Midas shops in 19 countries,
including nearly 1,900 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 2003 annual report on Form 10-K
and subsequent filings.

    CONTACT: Midas, Inc.
             Bob Troyer, 630-438-3016