SHRP Sharper Image Corp (MM)

Sharper Image Corporation (NASDAQ:SHRP) today announced the signing of a multiyear licensing agreement with EB Brands, a leading manufacturer and marketer of men�s gifts and accessories items. This agreement is the eleventh license signed by Sharper Image�s Brand Licensing Division. Sharper Image announced in February 2007 that it had created a new licensing division that enabled leading manufacturers to license The Sharper Image brand across a broad range of product categories. Under this agreement, EB Brands will offer uniquely featured men�s gifts--including automotive, golf, and household accessories--that represent the values of quality, excitement and innovation associated with The Sharper Image name. These new products are scheduled for a mid-2008 launch at Sharper Image stores, catalog and website, and at select mid-tier and high-end department stores. John W. Spotts, Senior Vice-President, Brand Licensing for Sharper Image, said, �The Sharper Image has always been a leading retailer of unique men�s gifts, and EB Brands is a leading manufacturer and marketer in this category. With this agreement, Sharper Image can now offer a more complete selection of men�s gift products within our own multiple channels as well as through other fine retailers where our customers typically shop for these items. We are very excited about this licensing agreement because it further strengthens The Sharper Image brand in categories where we already enjoy considerable success.� Paul Ross, President of EB Brands, added, �The Sharper Image is the ideal brand for men�s gifts, and we welcome the opportunity to contribute to the brand�s success with exciting and innovative products that you can find nowhere else. We look forward to a long and prosperous relationship.� About Sharper Image The Sharper Image is a specialty retailer that is nationally and internationally renowned as a leading source of new, innovative, high-quality products that make life better and more enjoyable. The Company's principal selling channels include 186 Sharper Image specialty stores throughout the United States; the award-winning Sharper Image monthly catalog; and its primary Web site, www.sharperimage.com. The Company also has business-to-business sales teams for marketing its exclusive and proprietary products for corporate incentive and reward programs and wholesale to selected U.S. and international retailers. About EB Brands EB Brands (www.ebbrands.com), headquartered in Yonkers, New York, is a leading manufacturer of innovative gift items with distribution in over 70 countries. In addition to giftware, EB Brands markets travel accessories (under the licensed Samsonite and American Tourister brands), hand-held exercise equipment (under the Bally Total Fitness and Everlast brands), and pedometers and heart rate watches (under its own Sportline brand). The company�s products are sold through a broad range of traditional retail outlets (department stores, specialty stores, catalogs) and mass merchants. Forward-Looking Statements This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the Company's current plans, expectations, estimates, and projections about the specialty retail industry and management's beliefs about the Company's future performance. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates" or variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to risks and uncertainties that are difficult to predict and which may cause the Company's actual results and performance to differ materially from those expressed or forecasted in any such forward-looking statements. Some of these risks and uncertainties are discussed in the Company�s Annual Report on Form 10-K for the year ended January 31, 2007 under �Risk Factors�. These risks include, among other factors,�the success of its new business strategy, its ability to continue to find or develop and to offer attractive merchandise to customers, the market potential for products in design,�the success of its advertising efforts, changes in�business and economic conditions, risks associated with its retail store, catalog and Internet operations, and changes in the competitive environment in which it operates. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements. However, readers should carefully review the statements set forth in the reports, which the Company files from time to time with the Securities and Exchange Commission, particularly its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and its Current Reports on Form 8-K.