REDE Redenvelope (MM)

SAN FRANCISCO, June 12 /PRNewswire-FirstCall/ -- RedEnvelope, Inc. (NASDAQ:REDE) today announced that Suzanne Ellis has been named the Company's Vice President of Merchandising. She will lead RedEnvelope's Merchandising and product development teams, overseeing the development and execution of product strategy. Ms. Ellis joined the Company in August, 2005 as a Director of Merchandising and has been responsible for RedEnvelope's two largest merchandise categories, Jewelry and Home, and, in particular, for overseeing successful growth strategies in the core jewelry assortment. Prior to RedEnvelope, Ms. Ellis held merchandising positions at Bally S.A., the Swiss luxury footwear and accessories brand, and J. Crew Group, Inc. "Suzanne's passion and vision for the brand, talent as a merchant, managerial skill and deep knowledge of our organization make her a tremendous asset. She will play an important role as part of our core leadership team, as we move this year to re-vitalize our brand, our creative vision, and our product offering," commented John Pound, the Company's Executive Chairman. The Company today also announced the resignation of Scott Loly, as the Company's Vice President of Merchandising. "We are grateful to Scott for his contributions to RedEnvelope," said John Pound, "We wish him the best." About RedEnvelope, Inc. RedEnvelope, Inc. is a retailer dedicated to inspiring people to celebrate their relationships through giving. RedEnvelope offers an extensive collection of imaginative gifts through its webstore, http://www.redenvelope.com/. "RedEnvelope" is a registered trademark of RedEnvelope, Inc. Media Contact: Susan Hook (212) 996-2329 Investor Contact: Andrew Greenebaum/Christine Lumpkins ICR, Inc. ; (310) 954-1100 DATASOURCE: RedEnvelope, Inc. CONTACT: Susan Hook of RedEnvelope, Inc., +1-212-996-2329, ; or Investors, Andrew Greenebaum, , or Christine Lumpkins, , both of ICR, Inc., +1-310-954-1100, for RedEnvelope, Inc. Web site: http://www.redenvelope.com/

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