SHRP Sharper Image Corp (MM)

Sharper Image Corporation (NASDAQ: SHRP) today announced the signing of a multiyear licensing agreement with The EnE Group, LLC, a leading developer, manufacturer and marketer of luggage, computer cases and related travel accessories. Under the agreement, The EnE Group will offer a wide range of luggage pieces, business cases, laptop computer cases, travel accessories, plus camera cases and backpacks � all under The Sharper Image brand name. The EnE Group products will be specially designed to meet the attributes of quality, excitement and innovation that are so strongly associated with The Sharper Image. The inaugural products will be launched in 2008 and will be available at department stores, electronics and computer stores, as well as at other upscale specialty retailers. Additionally, select items from the ENE licensed assortment will be available in Sharper Image stores, catalog and website. John W. Spotts, Senior Vice-President, Brand Licensing for The Sharper Image, said, �The EnE Group is a leading innovator in this important and evolving category. Our customers expect excellence and value in all that The Sharper Image offers, and EnE Group provides exactly those qualities in their superior products.� Marvin Jemal, CEO and founder of The EnE Group, LLC, said, �Our agreement with The Sharper Image will give us a significant marketing leadership edge in a highly competitive market. The Sharper Image brand name will immediately connect with consumers. Clearly there is nothing in the marketplace today that compares with the level of design, functionality and innovation of this line of luggage and travel accessories." 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 The EnE Group, LLC The EnE Group, LLC, is the leading producer of innovative, quality products in the cut & sew luggage, business bag, backpack and accessories market. The company has licensing agreements with superior brands, such as The Sharper Image and Beverly Hills Polo Club, to produce high-quality products that appeal to discriminating consumers and stimulate purchase. Its business model is supported by some of the preeminent manufacturing facilitates in Asia. EnE also markets its own brand of products catering to urban, metro and high-end suburban tastes. 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.