SEATTLE , Jan. 30 /PRNewswire-FirstCall/ -- Eddie Bauer Holdings, Inc. (Nasdaq: EBHI) (the 'Company') and its subsidiary, Eddie Bauer, Inc., today announced that it has named two individuals to important positions in its management team.

Tony Krohn has joined Eddie Bauer from The North Face as Divisional Vice President of Research, Design and Development for Outerwear, Activewear and Gear.

Joe Moji joins the Company as Divisional Vice President of Financial Planning and Analysis.

'I am thrilled with the addition of Tony and Joe to our management team,' commented Neil Fiske, President and Chief Executive Officer. 'They are both well respected, high impact players who will strengthen our capability in two critical areas.'

Mr. Krohn received an inducement grant to join the Company of 6,375 stock options, exercisable at $5.64 per option and vesting pro rata over four years, and 5,643 restricted stock units, vesting after four years of service. Mr. Moji received an inducement grant to join the Company of 6,375 stock options, exercisable at $5.64 per option, and vesting pro rata over four years, and 2,125 restricted stock units, vesting after four years of service. These awards constitute inducement awards under NASDAQ Marketplace Rule 4350 (i).

About Eddie Bauer

Eddie Bauer is the only active, outdoor, lifestyle brand that combines a sense of style with a spirit of adventure and the legendary quality, inventiveness and customer service that has been the Company's hallmark since 1920. Products are available at approximately 360 stores throughout the United States and Canada , through catalog sales and online at http://www.eddiebauer.com. Eddie Bauer also participates in joint venture partnerships in Japan and Germany and has licensing agreements across a variety of product categories.

Safe Harbor Statements

This press release contains forward-looking statements. In some cases, you can identify these statements by forward-looking words such as 'may,' 'might,' 'will,' 'should,' 'expects,' 'plans,' 'anticipates,' 'believes,' 'estimates,' 'predicts,' 'intends,' 'potential' and similar expressions. All of the forward-looking statements contained in this press release are based on estimates and assumptions made by our management. These estimates and assumptions reflect our best judgment based on currently known factors. Although we believe such estimates and assumptions are reasonable, they are inherently uncertain and involve risks and uncertainties. In addition, management's assumptions about future events may prove to be inaccurate . We caution you that the forward-looking statements contained in this press release are not guarantees of future events, and we cannot assure you that such statements will be realized. In all likelihood, actual results will differ from those contemplated by such forward-looking statements as a result of a variety of factors, including our inability to hire, retain and train key personnel; delays in enhancement of our disclosure controls and procedures; our inability to revitalize Eddie Bauer as a premium quality brand; changes in general economic conditions, consumer confidence and consumer spending patterns; risks associated with legal and regulatory matters; risks associated with rising energy costs; risks associated with reliance on information technology; challenges as a result of our involvement in our former parent's bankruptcy process; the diversion of management's attention from operations while establishing post-emergence infrastructure; our inability to improve profitability of our retail stores, catalogs and website operations; our inability to source our requirements from our current sourcing agents; a significant disruption in our back-end operations; the inability of our joint venture partners to operate our joint ventures effectively; our inability to protect our trademarks and other proprietary intellectual property rights; unseasonable or severe weather conditions; our inability to use our net operating losses to reduce taxes; and the other risks identified in our periodic reports filed pursuant to the Securities Exchange Act of 1934, as amended. Except as required by law, we undertake no obligation to update any of these forward-looking statements.

Contact: Tom Helton: SVP, HR 425-755-6172.

SOURCE Eddie Bauer Holdings, Inc.