October 7, 2004

PartSource to open eight new stores in Greater Toronto area

Toronto, Ontario – PartSource, a national chain of auto parts
specialty stores catering to professional installers and automotive
enthusiasts, has announced it will open eight stores from Oakville to Oshawa
by November, 2004. PartSource stores offer name brand automotive parts and
performance accessories for off-road and show car use.

“We are very excited to continue the momentum of PartSource’s national
expansion with these eight new store openings in the GTA,” said Bruce Allen,
president, PartSource. “Our stores combine an extensive selection of auto
parts, specialty services and competitive pricing, together with a team of
experienced auto parts professionals and licensed technicians for a truly
unique shopping experience.”

New PartSource stores are currently open in Oakville, Mississauga,
Brampton, Scarborough, Oshawa and Toronto with two more stores opening in
Mississauga and Etobicoke by November 4th. This expansion represents a total
investment of approximately $12 million in the GTA and has created 120 retail
jobs, as well as construction work and sub-trade employment.

Including these eight new stores in the GTA, PartSource will have a total
of 47 stores across Canada in the provinces of Alberta, Saskatchewan, Manitoba
and Ontario.

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