FOR
IMMEDIATE RELEASE
Wednesday,
May 3, 2006
PEMBRIDGE
CAPITAL MANAGEMENT LLC ANNOUNCES A CHANGE
IN
ITS NOMINEES FOR DIRECTORS FOR THE TOPPS COMPANY, INC.
New
York,
NY - Pembridge Capital Management LLC (“Pembridge”) has notified The Topps
Company, Inc. (NASDAQ - TOPP) that it has replaced Eric Newman as one of its
nominees with Arnaud Ajdler for election to the Topps Board of Directors at
the
upcoming 2006 annual meeting of stockholders.
“I
want
to thank Eric Newman for his assistance and insightful analysis relating to
Topps,” said Timothy Brog, President of Pembridge. “He would have made an
excellent member of the Board of Directors”.
As
part
of adding Arnaud Ajdler to the slate of Directors nominated by Pembridge,
Crescendo Partners II L.P. (“Crescendo”) and Pembridge have agreed to form the
Topps Full Value Committee and share certain expenses relating to the
solicitation of proxies.
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* * *
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THE
TOPPS
FULL VALUE COMMITTEE PRESENTLY INTENDS TO MAKE A FILING WITH THE SECURITIES
AND
EXCHANGE COMMISSION (“SEC”) OF A PRELIMINARY PROXY STATEMENT AND ACCOMPANYING
WHITE PROXY CARD TO BE USED TO SOLICIT VOTES FOR THE ELECTION OF ITS SLATE
OF
DIRECTOR NOMINEES AND CERTAIN BUSINESS PROPOSALS FROM THE STOCKHOLDERS OF THE
TOPPS COMPANY, INC. (“TOPPS”) FOR USE AT THE 2006 ANNUAL MEETING. THE TOPPS FULL
VALUE COMMITTEE STRONGLY ADVISES ALL TOPPS STOCKHOLDERS TO READ THE PROXY
STATEMENT WHEN IT IS AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION.
Stockholders
will be able to obtain free copies of the Proxy Statement filed with the SEC
by
The Topps Full Value Committee through the website maintained by the SEC at
www.sec.gov.
In
addition, investors will be able to obtain free copies of the Proxy Statement
from The Topps Full Value Committee by contacting Timothy Brog, Pembridge
Capital, 708 Third Avenue, New York, NY 10017.
Information
concerning the participants and their interests in the solicitation will be
set
forth in the proxy statement when it is filed with SEC.
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* * *
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Pembridge
Capital Management LLC is the management company for Pembridge Value Opportunity
Fund LP, a Delaware Limited Partnership.
CONTACT:
Timothy
E. Brog
Pembridge
Capital Management LLC
(212)
557-6150