AADCO Acquires Jorama Holdings Inc.

AADCO Automotive Inc., announced today that the previously announced acquisition of Jorama Holdings
Inc. is expected to close by the end of December, 2006 and remains subject to regulatory approvals. The purchase price will be comprised of cash,
vendor-take-back financing and shares issued from treasury.
The cash portion of the purchase price will be financed by a combination of mezzanine financing
and private placement of securities of the Company.
AADCO Automotive Inc., is a growing, Canadian public company committed to providing LKQ (used) and Aftermarket parts to the automotive repair industry with the goal of becoming a national provider of
these parts through acquisition and organic growth.