PBY Prospect Capital Corporaton

The Pep Boys - Manny, Moe & Jack (NYSE:PBY), the nation's leading automotive aftermarket retail and service chain, today announced that each of its 46 stores in the greater Philadelphia region will celebrate grand re-openings beginning June 4. The stores, which have undergone a significant internal and external transformation, showcase Pep Boys' commitment to revitalize its unique offering of automotive parts, tires, repair and maintenance services - and more - to its customers in the Company's own hometown of Philadelphia. The store enhancements reflect a time of significant corporate revitalization at Pep Boys that began under the tenure of Larry Stevenson, chairman and chief executive officer. A significant milestone in the company's 84-year legacy, the Philadelphia grand re-openings celebrate stores that focus sharply on providing customers with a wide range of basic automotive parts and automotive accessories and name-brand tires for your shopping list. In addition, each store has been extensively re-merchandised and stocked with new products ranging from tools and ATVs to generators, the latest in mobile entertainment and the most modern automotive and repair equipment. An ultramodern interior design, which reflects the new red, white and blue Pep Boys corporate colors, includes multimedia displays, dynamic signage and customized areas for new product categories. The store facades and exterior signs have also been updated. "All of our Philadelphia-area stores now feature bolder product displays that leverage our massive retail space, maximize sales per square foot, create a permanent space for exciting new product categories, including transportation and garage, and highlight the repair and maintenance service we provide in our 6,000 service bays," said Stevenson. "It's exciting to see the transformation of every store here in our hometown market. Customer response has been very positive as a result of our previous grand re-openings and we expect a similar response from our loyal Philadelphia customers." The new look has proven appealing to customers in other key markets such as Jacksonville, FL, Los Angeles and San Diego, CA where store re-designs have received a favorable response and positive results. By 2007, Pep Boys plans to complete the refurbishment of substantially all of its 593 stores across the United States and Puerto Rico. As part of the Philadelphia Grand Re-Openings, Pep Boys stores will run a special 7 to 11 a.m. sale on Saturday, June 4, as well as a celebratory sale in June. The first 150 customers to visit each Philadelphia-area Pep Boys location on June 4 will receive a FREE $10 Pep Boys shopping card. About Pep Boys Pep Boys has 593 stores and over 6,000 service bays in 36 states and Puerto Rico. Along with its vehicle repair and maintenance capabilities, the company also serves the commercial auto parts delivery market and is one of the leading sellers of replacement tires in the United States. Customers can find the nearest location by calling 1-800-PEP-BOYS or by visiting pepboys.com.