Sharper Image Corporation and EB Brands Sign Licensing Agreement

  
    
  
  
    
      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.