SHRP Sharper Image Corp (MM)

Sharper Image Corporation (NASDAQ:SHRP) today announced that Rebecca L. Roedell has accepted an offer to assume the position of Chief Financial Officer. Ms. Roedell is expected to assume her duties as CFO on or about May 31, when, as previously announced, the Company expects to file its Current Form 10-K for fiscal year 2006. Ms. Roedell, 39, will report to President and Chief Executive Officer Steven A. Lightman. Until the Company is current in its filings, Daniel W. Nelson will continue to serve as interim CFO and Ms. Roedell will be retained as a consultant to the Company, working on special financial reporting projects currently under development. Once the Form 10-K is filed, Mr. Nelson will return to his previous position as Senior Vice President, Controller and Principal Accounting Officer. Mr. Lightman said, �We are delighted that Rebecca has joined Sharper Image. We are confident that Rebecca�s strong accounting knowledge, as well as her extensive financial reporting experience in diverse corporate situations, will add great value to the Sharper Image management team as we strive to build our business and restore the company to profitable growth.� He added, �We would like to thank Dan for his tireless work as interim CFO through a very challenging transitional period. Dan has proven himself to be critical to our accounting processes over the past several months and we look forward to his continued contributions as he returns to his former role.� Ms. Roedell joins Sharper Image from Tower Records, where she held a number of senior financial positions from December 2002 to May 2007. Most recently, she served as the company�s Chief Financial Officer and Senior Executive Vice President. In that role, she participated in the completion of the Chapter 11 filing and subsequent sale of the company. Before joining Tower Records, Ms. Roedell held senior assurance manager positions at KPMG and Arthur Andersen. She began her career working as a controller for two privately held companies in California. Ms. Roedell received a Bachelor�s degree in Accounting from Arizona State University. 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 187 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 Quarterly Report on Form 10-Q for the quarter ended October 31, 2006 under "Risk Factors." These risks include, among other factors, the Company's ability to remain listed on the Nasdaq Global Market, its ability to continue to find or develop and to offer attractive merchandise to customers, the market potential for products in design, changes in business and economic conditions, risks associated with the expansion of 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.