Clinton Group Issues Release Calling on ValueVision to Treat Employees, Vendors Fairly

Clinton Group, Inc. ("Clinton Group") today called upon ValueVision Media, Inc. VVTV to assure its vendors and employees that they can exercise their voting rights at the Company's upcoming June 18 annual meeting without fear of reprisal. "We are disturbed that we have heard from multiple employees and vendors that they are afraid to vote their shares for us because they fear management will retaliate against them," said Gregory P. Taxin, President of Clinton Group. "We believe every shareholder is entitled to vote without coercion and we welcome the participation of the Company's employees and vendors in this process." Clinton Group's nominees have committed that they will not treat any employee or vendor who votes against the nominees differently than employees and vendors who side with the Clinton Group, in the event the Clinton Group nominees are elected. Clinton Group believes the Company should provide the same assurance. "The Company's management and Board should assure the Company's valuable employees and vendors that they may freely exercise their voting rights without fear of retaliation," continued Mr. Taxin. "In my opinion, anything less is an abuse of corporate position and inconsistent with Mr. Stewart's June 12 email to employees." Employees and vendors can vote shares held at brokerage firms online and anonymously in favor of the Clinton Group nominees by using the "control number" on the GOLD proxy card. Employees and vendors with "registered" shares can scan and email those ballots to Clinton Group (VVTV@okapipartners.com). Alternatively, employees and vendors can come to the Company's annual meeting to vote (on June 18 at 9 AM at the Company's headquarters) or meet the Clinton Group team at the Minneapolis Marriott Southwest in Minnetonka, Minnesota, on Tuesday, June 17 from 5 to 7 pm at Stacy's Grill, where they can fill out a ballot or drop one off.      Clinton Group encourages its fellow shareholders to review the materials it has prepared, which are available at www.AddValueAndVision.com. Shareholders with questions should contact Bruce Goldfarb or Lydia Mulyk at Okapi Partners LLC at (212) 297-0720, Toll-Free (855) 305-0857, or VVTV@okapipartners.com.