GTRC Guitar Center (MM)

Guitar Center, Inc. (Nasdaq NMS: GTRC) today announced the results of its Annual Meeting of Stockholders held May 10, 2007. There were three proposals to be decided: the election of a board of nine directors for the ensuing year or until the election and qualification of their respective successors; an amendment to the 2004 Guitar Center, Inc. Incentive Stock Award Plan to, among other things, increase the number of shares that may be issued under the plan from 2,800,000 to 4,300,000; and the ratification of the selection of KPMG LLP as Guitar Center�s independent auditors for the year ending December 31, 2007. The company�s stockholders re-elected the current nine board members for one-year terms, approved the amendment and ratified the selection of KPMG LLP. About Guitar Center Guitar Center is the leading United States retailer of guitars, amplifiers, percussion instruments, keyboards and pro-audio and recording equipment. Our retail store subsidiary presently operates more than 210 Guitar Center stores across the United States. In addition, our Music & Arts division operates more than 95 stores specializing in band instruments for sale and rental, serving teachers, band directors, college professors and students. We are also the largest direct response retailer of musical instruments in the United States through our wholly owned subsidiary, Musician�s Friend, Inc., and its catalogs and websites, including www.musiciansfriend.com, www.guitarcenter.com, www.wwbw.com and www.music123.com. More information on Guitar Center can be found by visiting the Company�s web site at www.guitarcenter.com.