REDE Redenvelope (MM)

RedEnvelope Announces Company's Six Board Nominees Elected at Annual Meeting SAN FRANCISCO, Aug. 27 /PRNewswire-FirstCall/ -- RedEnvelope, Inc. (NASDAQ:REDE), the premier multi-channel gift retailer, today announced that at its 2004 Annual Meeting of Shareholders, shareholders elected all six of the Company's nominees to the Board of Directors. The nominees are Michael Moritz, Michael Dunn, Karen Edwards, Charles Heilbronn, Daniel R. Lyle, and Alison May. "We are grateful to our shareholders for their careful consideration of the issues in this election and their votes for our six nominees," said Alison May, President and Chief Executive Officer of RedEnvelope. "We believe our shareholders recognize the investment of effort and resources made by the team at RedEnvelope over the last year, and that they understand the efforts we are continuing to make to build shareholder value. We look forward to the opportunity to build on the renewed momentum at RedEnvelope." At today's meeting, shareholders rejected the proposal to add two seats to the Board of Directors. The bylaws of RedEnvelope permit the company to add seats when appropriate candidates are identified. Shareholders also ratified the appointment of Deloitte & Touche as the Company's independent registered public accounting firm for 2005. The final tally of the shareholder vote will be certified by IVS Associates, Inc., the independent inspectors of the election, and made public after that process is complete. RedEnvelope, Inc. is a multi-channel retailer of upscale gifts for every occasion, every day. RedEnvelope offers a unique assortment of imaginative gifts through its catalog and website, http://www.redenvelope.com/. This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve risks, uncertainties and assumptions, including statements regarding efforts to build value and renewed momentum. Our actual results and the timing of events could differ materially from those anticipated in these forward-looking statements as a result of several factors. Factors that could affect future performance include, but are not limited to those factors described in detail in our Prospectus dated September 24, 2003, and our Report on Form 10-Q for the period ended June 27, 2004, including, without limitation, those discussed under the captions, "Risk Factors," "Business," "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Factors that May Affect Future Operating Results," both of which documents are on file with the Securities and Exchange Commission (the "SEC") and available at the SEC's website at http://www.sec.gov/. These forward-looking statements are made only as of the date of this press release, and RedEnvelope undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise. RedEnvelope and the RedEnvelope logo are registered trademarks of RedEnvelope, Inc. MEDIA CONTACT: Susan Hook RedEnvelope (415) 371-9100 x 293 INVESTOR CONTACT: Jordan Goldstein Financial Dynamics (415) 439-4500 DATASOURCE: RedEnvelope, Inc. CONTACT: MEDIA: Susan Hook of RedEnvelope, +1-415-371-9100, ext. 293, or INVESTORS: Jordan Goldstein of Financial Dynamics, +1-415-439-4500, for RedEnvelope Web site: http://www.redenvelope.com/

Copyright