FAOO F.A.O. (MM)

FAO, Inc. Retains DJM Asset Management to Dispose Of 89 Zany Brainy Leases KING OF PRUSSIA, Pa., Dec. 10 /PRNewswire/ -- FAO, Inc. , announced today that it has retained DJM Asset Management, LLC, to dispose of the leases of 89 Zany Brainy stores as part of its voluntary Chapter 11 bankruptcy petition filed last week. The closing stores, located in 27 states nationwide, range in size from 6,000 to 15,000 square feet. "The Zany Brainy locations that we are marketing present a unique opportunity for retailers to penetrate premium regional markets with strong demographics in some of the highest quality shopping centers in the country," said Andy Graiser, Co-CEO of DJM. "DJM will conduct an auction of these leases at the end of January with bids due by mid January." For more information on specific Zany Brainy locations, contact Jim Avallone or Andy Graiser at 631-752-1100. About DJM Asset Management, LLC Based in Melville, New York, DJM Asset Management, LLC, specializes in disposing of surplus retail real estate. During the past three years, DJM has disposed of or restructured over 120,000,000 square feet of space. About FAO, Inc. FAO, Inc. owns a family of high quality, developmental, educational and care brands for infants, toddlers and children and is a leader in children's specialty retailing. FAO, Inc. owns and operates the renowned children's toy retailer FAO Schwarz(R); The Right Start(R), the leading specialty retailer of developmental, educational and care products for infants and toddlers; and Zany Brainy(R), the leading retailer of developmental toys and educational products for kids. For additional information on FAO, Inc. or its family of brands, visit online at http://www.irconnect.com/faoo/. This press release may contain certain forward-looking statements with respect to the implementation and anticipated results of FAO, Inc.'s business strategy, and the financial condition, results of operations and business of FAO, Inc., that are subject to certain risks and uncertainties that could cause actual results to differ materially from those set forth in such statements. DATASOURCE: DJM Asset Management, LLC CONTACT: Jim Avallone of DJM Asset Management, LLC, +1-631-752-1100

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