Pep Boys Announces Termination of Merger with The Gores Group

According to the National Highway Traffic Safety Administration (NHTSA), approximately five percent of the estimated 3,889,770 vehicles involved in accidents between 2005 and 2007 had underinflated tires. In honor of the eleventh annual National Tire Safety Week, June 3 -- 9, The Pep Boys -- Manny, Moe & Jack , the nation's leading automotive aftermarket service and retail chain, today announced four top tips to ensure that motorists' tires roll safely down the road this summer.


Tires are one of the most important safety items on any car or truck. As a vehicle's only point of contact with the road, something as simple as improper inflation can have dramatic consequences on ride quality, fuel efficiency and on-road safety.


Using the Rubber Manufacturers Association's (RMA) acronym, "PART" (Pressure, Alignment, Rotation and Tread), Pep Boys suggests motorists practice tire safety with four simple tips:


Pressure


-- Check inflation pressure at least once a month and before long trips to prevent dangerous and costly tire blowouts.


-- Properly inflated tires help prolong tire life and contribute to better fuel economy.


-- The "right amount" of inflation is specified by the vehicle manufacturer and is displayed either on the vehicle's doorsill, glove box door or fuel door and is also listed in the vehicle owner's manual.


Since 1921, Pep Boys has been the nation's leading automotive aftermarket chain. With more than 7,000 service bays in more than 700 locations in 35 states and Puerto Rico, Pep Boys offers name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair. Customers can find the nearest location by calling 1-800-PEP-BOYS (1-800-737-2697) or by visiting www.pepboys.com .


Forward-Looking Statements


Certain statements contained herein constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The word "guidance," "expect," "anticipate," "estimates," "forecasts" and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include management's expectations regarding implementation of its long-term strategic plan, future financial performance, automotive aftermarket trends, levels of competition, business development activities, future capital expenditures, financing sources and availability and the effects of regulation and litigation. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be achieved. The Company's actual results may differ materially from the results discussed in the forward-looking statements due to factors beyond the control of the Company, including the strength of the national and regional economies, retail and commercial consumers' ability to spend, the health of the various sectors of the automotive aftermarket, the weather in geographical regions with a high concentration of the Company's stores, competitive pricing, the location and number of competitors' stores, product and labor costs and the additional factors described in the Company's filings with the SEC. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.