Prudential Capital Partners Invests $25 Million in a One-Stop Financing for Clockwork Home Services, Inc.

"Clockwork has a heritage of accelerating growth within its franchises through professional business practices, high ethical standards and dedication to delivering outstanding customer services," said Robert Derrick, managing director in Prudential Capital Group's off ice in Atlanta, Ga. "It is great to support and partner with a company where our business values are so closely aligned."

The total one-stop financing consisted of $120 million: $25 million of senior subordinated notes provided by Prudential Capital Partners, L.P.II, and a $70 million senior revolving credit facility (with a $25 million uncommitted accordion) provided by Wachovia Bank, N.A. and Prudential Capital Group. Proceeds will be used to refinance existing debt, provide partial shareholder liquidity through a special dividend, fund additional acquisitions, and for general working capital purposes.

"We are very pleased with our new facility from Prudential Capital and Wachovia. With this financing structure in place, we will be able to focus even more of our efforts on continuing to expand Clockwork's rapidly growing footprint in the home services industry," said James Abrams, CEO, Clockwork Home Services, Inc.

About Clockwork Home Services

Clockwork Home Services, Inc., is dedicated to improving the operations, efficiency, customer service and profitability of contractors in the home services industry in North America through affinity group membership and nationally branded franchises.

About Wachovia

Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, with assets of $808.9 billion and market capitalization of $53.8 billion at March 31, 2008. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses. Globally, clients are served in selected corporate and institutional sectors and through more than 40 international offices. Our retail brokerage operations under the Wachovia Securities brand name manage more than $1.1 trillion in client assets through 18,600 registered representatives in 1,500 offices nationwide.

About Prudential Capital Group

Prudential Capital Group has been a leading provider of private capital to companies for more than 70 years, investing private debt and equity securities worldwide. Prudential Capital manages a portfolio of more than $42 billion (as of 12/31/07). The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Newark, N.J., New York, and San Francisco. For more information, please visit www.prudentialcapitalgroup.com.

Prudential Financial, Inc. (NYSE: PRU), a financial services leader with approximately $631 billion of assets under management as of March 31, 2008, has operations in the United States, Asia, Europe, and Latin America. Leveraging its heritage of life insurance and asset management expertise, Prudential is focused on helping more than 50 million individual and institutional customers grow and protect their wealth. The company's well-known Rock symbol is an icon of strength, stability, expertise and innovation that has stood the test of time. Prudential's businesses offer a variety of products and services, including life insurance, annuities, retirement-related services, mutual funds, investment management, and real estate services. For more information, please visit www.prudential.com.