TBC, Midas released early from waiting period

April 3, 2012

TBC Corp. and Midas Inc. have received early termination of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).

The release is with respect to TBC’s cash tender offer for all of the shares of common stock of Midas, Inc. at a price of $11.50 per share on a fully diluted basis. TBC initiated the cash tender offer through its wholly owned subsidiary, Gearshift Merger Corp., on March 28, 2012.

The expiration of the HSR Act waiting period satisfies one of the conditions to the tender offer, which expires April 24 unless extended in accordance with the merger agreement and the applicable rules and regulations of the SEC.

The tender offer is conditioned upon, among other things, there being validly tendered in accordance with the terms of the tender offer and not validly withdrawn prior to the expiration of the tender offer, a majority of the issued and outstanding shares on a fully diluted basis.