Sharper Image® Store Closing Sale Now Underway at All Locations

Business Wire, June 1, 2008

20% To 40% Discounts Offered on All Merchandise, Just in Time for Father's Day

NORTHBROOK, Ill. -- Store closing sales have just begun at all 86 Sharper Image([R]) stores as part of a major transformation of the Sharper Image brand. Over $50 million of inventory is being sold.

Discounts of 20% to 40% are now being offered on all merchandise in all stores. Consumers will be able to take advantage of deep discounts and important savings on electronics and toys as well as products for the home, personal care, the office and travel.

The store closing program is led by Hilco Merchant Resources, LLC and Gordon Brothers Retail Partners, LLC. Michael Keefe, President of Hilco Merchant Resources stated, "This is an outstanding opportunity for consumers to realize unprecedented savings on a remarkable selection of products not to be found anywhere but in Sharper Image stores. This is sure to be a very popular sale, which will not last very long and comes at a perfect time for making Father's Day gift purchases."

Going forward, transformation of the Sharper Image brand will be led by Hilco Consumer Capital, LLC, Gordon Brothers Brands, LLC and additional joint venture partners. The group, which purchased the iconic brand at a bankruptcy auction on May 29, 2008, has developed a global licensing strategy for wholesale, retail, direct-to-retail (DTR), e-commerce and catalog businesses that will exploit The Sharper Image's heritage of quality, excitement, innovation and fun. The Sharper Image brand will be extended internationally in both existing and new product categories.

Store closing sales are being conducted at all Sharper Image locations:

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About The Hilco Organization

Hilco is a privately-held, diversified financial and operational services firm whose principal competency is understanding the value of tangible and intangible business assets. Using this knowledge, Hilco appraises, buys, sells, finances and enhances the performance of business assets, including consumer products and industrial inventory, machinery and equipment, real estate, accounts receivable and intellectual property. Hilco serves retailers, wholesalers, distributors and manufacturers, direct and through their financial institutions and consulting professionals. Hilco also serves lenders, private equity firms, hedge funds and investment banking firms. For more information, visit: www.hilcotrading.com.

About Gordon Brothers Group, LLC:

Founded in 1903, Gordon Brothers Group (www.GordonBrothers.com) is a global advisory, restructuring and investment firm specializing in retail and consumer products, industrial and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt financing, making private equity investments, and operating businesses for extended periods. Gordon Brothers Group conducts over $40 billion in annual transactions and appraisals.