The Topps Full Value Committee announced here today of its filing of a preliminary proxy statement with the Securities and Exchange Commission in connection with its intended solicitation of proxies for the Annual Meeting of Stockholders of The Topps Company, Inc. Pembridge Value Opportunity Fund LP and Crescendo Partners II L.P., Series Y ("Crescendo"), members of the Committee, collectively own 5.8% of Topps' outstanding shares of common stock. It has been reported that the Committee is seeking support from stockholders to elect three highly qualified nominees to the Topps' Board of Directors including Timothy E. Brog, along with Arnaud Ajdler and John J. Jones. However, the Committee is not confident on the operation of the Company's current Board in the best interests of stockholders.

Mr. Timothy Brog is the President of Pembridge Capital Management LLC and portfolio manager of Pembridge Value Opportunity Fund since 2004. The Pembridge Value is renowned as a “deep value” hedge fund pursuing an activist approach. Timothy had also been at the helm of affairs as the Managing Director of The Edwards Andrews Group Inc., a boutique investment bank from 1996 to 2004. The prime focus of this group had been on the printing, direct mail, computer services, letter shop, fulfillment, imaging and archival storage industries, Mr. Timothy Brog was a corporate finance and mergers and acquisition associate of the law firm Skadden, Arps, Slate, Meagher & Flom LLP. He was successful in earning a Juris Doctorate from Fordham University School of Law in 1989. Earlier in 1986, Mr. Brog got a BA from Tufts University.

Timothy Brog, the President of Pembridge on this said, "We believe that our nominees will bring a fresh perspective to the Topps' Board of Directors, which is sorely in need of change. We are committed to explore ALL strategic alternatives to maximize stockholder value, which include, among many things, exploring the sale of all or part of the Company in a tax efficient manner, repurchasing a significant amount of Topps' common stock either in the open market or as part of a self-tender offer, and significantly reducing the Company's cost structure. We look forward to discussing our proposals with Topps stockholders and, if our Nominees are elected, to improving Topps' abysmal record of corporate governance practices. "