EXHIBIT 99.1
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[LOGO - THE PENN
TRAFFIC COMPANY]



FOR IMMEDIATE RELEASE                                    CONTACT:   Marc Jampole
                                                          Jampole Communications
                                                                    412-471-2463


                      PENN TRAFFIC EMERGES FROM CHAPTER 11


         SYRACUSE, NEW YORK - APRIL 13, 2005 - The Penn Traffic Company (OTC:
PNFTQ.PK) announced that its Plan of Reorganization (the "Plan") became
effective today and the Company has formally emerged from Chapter 11 under the
Bankruptcy Code. As previously announced, the U.S. Bankruptcy Court for the
Southern District of New York confirmed the Company's Plan on March 17, 2005.

         The Company said that in connection with its emergence from Chapter 11,
it closed on two exit financing facilities consisting of a term and revolving
facility of up to $136,000,000 principal amount and a supplemental real estate
facility of up to $28,000,000 principal amount, as well as a sale-leaseback
transaction pursuant to which Penn Traffic sold its five owned distribution
centers located in New York and Pennsylvania to Equity Industrial Partners Corp.
for $37,000,000. Equity Industrial will lease the distribution centers back to
Penn Traffic for an initial term of 15 years, with four consecutive five year
options to renew the lease (except that the lease term will end no later than
the 14th anniversary of the expiration of the initial term with respect to the
Pennsylvania distribution centers). The initial draw on the exit financing
facility was approximately $33 million. The exit financing and proceeds from the
sale-leaseback transaction will fund cash distributions required under the Plan
as well as Penn Traffic's ongoing operating needs. The Company's emergence debt
totals approximately $65 million, including the initial $33 million draw and
approximately $32 million of capital leases, mortgages and other debt. Penn
Traffic's pre-petition secured debt totaled approximately $233 million,
including $82.1 million of capital leases and other debt. Pre-petition unsecured
debt totaled approximately $300 million.

         "We are extremely pleased to exit Chapter 11 today," said Robert
Chapman, President and Chief Executive Officer of Penn Traffic. "Penn Traffic is
beginning life as a new company with a solid capital structure, greatly reduced
debt, disciplined and improved operations and a strengthened management team.
Penn Traffic today is a leaner, strong competitor with bright prospects. We are
excited to now redirect our attention from the turnaround toward growth and
profitability."



         "Penn Traffic's successful turnaround is the product of a close
collaborative effort between the Company, its Board of Directors and its
creditor constituencies. I would like to personally thank the Board, the
Company's Secured Lenders and the Official Committee of Unsecured Creditors for
their support and close partnership with me and our entire management team. Our
success is a reflection of the skill and commitment of those involved and the
collective desire to strengthen Penn Traffic."



FORWARD LOOKING STATEMENTS

         This press release contains forward-looking statements, as defined in
the Private Securities Litigation Reform Act of 1995, as amended, reflecting
management's current analysis and expectations, based on what management
believes to be reasonable assumptions. These forward-looking statements include
statements relating to our anticipated financial performance and business
prospects. Statements preceded by, followed by or that include words such as
"believe," "anticipate," "estimate," "expect," "could," and other similar
expressions are to be considered such forward-looking statements.
Forward-looking statements may involve known and unknown risks, uncertainties
and other factors, which may cause the actual results to differ materially from
those projected, stated or implied, depending on such factors as: the ability of
the Company to improve its operating performance and effectuate its business
plans; the ability of the Company to continue as a going concern; the ability of
the Company to operate pursuant to the terms of its credit facilities and to
comply with the terms of its lending agreements or to amend or modify the terms
of such agreements as may be needed from time to time; its ability to generate
cash; its ability to attract and maintain adequate capital; its ability to
refinance; increases in prevailing interest rates; the ability of the Company to
obtain trade credit, and shipments and terms with vendors and service providers
for current orders; the Company's ability to maintain contracts that are
critical to its operations; potential adverse developments with respect to the
Company's liquidity or results of operations; general economic and business
conditions; competition, including increased capital investment and promotional
activity by the Company's competitors; availability, location and terms of sites
for store development; the successful implementation of the Company's capital
expenditure program; labor relations; labor and employee benefit costs including
increases in health care and pension costs and the level of contributions to the
Company sponsored pension plans; the result of the pursuit of strategic
alternatives; economic and competitive uncertainties; changes in strategies;
changes in generally accepted accounting principles; adverse changes in economic
and political climates around the world, including terrorist activities and
international hostilities; and the outcome of pending or yet-to-be-instituted
legal proceedings and governmental investigations. The Company cautions that the
foregoing list of important factors is not exhaustive. Accordingly, there can be
no assurance that the Company will meet future results, performance or
achievements expressed or implied by such forward-looking statements. This
paragraph is included to provide safe harbor for forward-looking statements,
which are not generally required to be publicly revised as circumstances change,
and which the Company does not intend to update.


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         The Penn Traffic Company operates 109 supermarkets in Pennsylvania,
upstate New York, Vermont and New Hampshire under the BiLo, P&C and Quality
trade names. Penn Traffic also operates a wholesale food distribution business
serving 80 licensed franchises and 39 independent operators.





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