Sharper Image Comments on Media Reports

  
    
  
  
    
      Sharper Image Corporation (NASDAQ:SHRP) - In response to a speculative 
      article published today in which the reporter suggests that Sharper 
      Image may settle a class action suit for a hypothetical and arbitrary 
      $900 million, the Company said:
    
    
      “Sharper Image did not participate in this 
      article nor does it know where the reporter got this hypothetical and 
      arbitrary figure. Furthermore, Sharper Image does not have an expert 
      validating or testifying to this in court.
    
    
      “Sharper Image has adequate funding to execute 
      its operating and strategic plans. Sharper Image recently expanded its 
      existing revolving credit facility and is currently finalizing its term 
      loan.
    
    
      “Sharper Image participated in a fairness 
      hearing today to review the Florida class action settlement, which the 
      Company has outlined previously in SEC filings. The proposed settlement 
      is the result of substantial negotiation with the plaintiffs. The 
      Company believes this settlement is in the best interests of Sharper 
      Image and its shareholders, and fair to its customers.
    
    
      “Because the matter is still pending in court, 
      Sharper Image is unable to make any further comments.”
    
    
      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.
    
    
      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.