AUTOSPA <LUBE.O> UNIT FORMS JOINT VENTURE
Autospa Corp said its wholly
owned Autospa Franchising Corp subsidiary entered into an
agreement to form a joint venture for franchising Autospa Flat
Proof Service Centers with Seal-It Corp, a private Los
Angeles-based automotive aftermarket company.
    Under the agreement, AutoSpa Franchising and Seal-It each
will hold 50 pct of the joint venture company shares.

 Reuter
