Sharper Image Announces Intent to Sell Company

Sharper Image Corporation has elected to pursue a sale of its business and assets pursuant to the provisions of the bankruptcy code and will solicit indications of interest from potential acquirers.

Any sale will be subject to approval of the bankruptcy court having jurisdiction of the Company's chapter 11 case. Sharper Image intends to complete the sale process and seek approval of the sale by the bankruptcy court by the end of May 2008.

"Given the present retail climate and specialty nature of the company, as well as the limited financing available to the company, a sale of its business and assets at this time will preserve values and yield the best recovery," says Robert Conway, Sharper Image's CEO.