U.S. Auto Parts Network, Inc. Announces $2.2 Million Financing

        U.S. Auto Parts Network, Inc. Announces $2.2 Million Financing

PR Newswire

CARSON, Calif., March 28, 2013

CARSON, Calif., March 28, 2013 /PRNewswire/ --U.S. Auto Parts Network, Inc.
(NASDAQ: PRTS) today announced that it has entered into a Common Stock
Purchase Agreement with William Blair & Company, LLC pursuant to which U.S.
Auto Parts has agreed to sell up to 2,050,000 shares of its Common Stock at a
purchase price per share of $1.09 for aggregate proceeds to the Company of
approximately $2.2 million, subject to the satisfaction of customary closing
conditions. The transaction is expected to close on or before April 3, 2013,
and U.S. Auto Parts will use the net proceeds from the transaction to reduce
its revolving borrowings (without any permanent reduction in the related loan
commitments) under its credit agreement with JPMorgan Chase Bank, N.A.

A registration statement relating to the Common Stock has been filed with and
declared effective by theSecurities and Exchange Commission. A prospectus
supplement relating to the offering will be filed with theSecurities and
Exchange Commission. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale of, these
securities in any state or other jurisdiction in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements
In addition to historical facts, this press release contains forward-looking
statements that involve a number of risks and uncertainties such as those,
among others, relating to U.S. Auto Parts' expectations regarding the
completion, timing and size of the proposed offering.Among the factors that
could cause actual results to differ materially from those indicated in the
forward-looking statements are risks and uncertainties associated with the
satisfaction of customary closing conditions related to the proposed offering,
as well as risks and uncertainties associated with U.S. Auto Parts' business
and finances in general, and the other risks detailed in U.S. Auto Parts'
periodic filings with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. All forward-looking statements are
qualified in their entirety by this cautionary statement, and U.S. Auto Parts
undertakes no obligation to revise or update this press release to reflect
events or circumstances after the date hereof. This caution is made under the
safe harbor provisions of Section 21E of the Securities Exchange Act of 1934.

Investor Contacts:
David Robson, Chief Financial Officer
U.S. Auto Parts Network, Inc.
(310) 735-0085

SOURCE U.S. Auto Parts Network, Inc.

Website: http://www.usautoparts.net
Press spacebar to pause and continue. Press esc to stop.