Press Release: June 30, 2000

WR Hambrecht + Co Initiates Coverage of Sharper Image Corporation (SHRP) with a Strong Buy Rating and a Price Target of $18

Retailer poised for further growth in unique market

San Francisco, CA, June 30, 2000—WR Hambrecht + Co today initiated research coverage on Sharper Image (SHRP) with a strong buy rating and a price target of $18. WR Hambrecht + Co’s eTailing/Consumer Brands analyst Kristine Koerber cited Sharper Image’s strong brand, functional products with broad appeal, multiple retail channels, and value proposition as revenue generating opportunities. WR Hambrecht + Co offers all its research reports at www.wrhambrecht.com.

“Sharper Image is leveraging its brand across multiple channels, leading to revenue opportunities and synergistic savings. Sharper Image’s model best illustrates a fully integrated, multi-channel retailer with all channels (stores, catalog, Internet) contributing to sales growth as well as profitable,” Koerber said.

Koerber projects Sharper Images total revenues will reach $358 million in 2000 and $418 million in 2001, up from $294 million in 1999.

Sharper Image is a multi-channel integrated retailer with a diverse product mix and a merchandising philosophy that focuses on innovated, well-designed, high quality products.