The Topps Company, Inc. Postpones Special Meeting

    NEW YORK, June 18 /PRNewswire-FirstCall/ -- The Topps Company, Inc.
 ( TOPP) announced today that the special meeting of stockholders
 scheduled for June 28, 2007 has been postponed. This meeting was called to
 vote on the pending merger with The Tornante Company LLC and Madison
 Dearborn Partners, LLC.
     On June 14, 2007, the Delaware Court of Chancery rendered a decision
 which enjoined Topps from proceeding with the stockholder vote on the
 proposed transaction until Topps makes additional disclosures in its proxy
 materials related to the pending merger agreement. In addition, Topps will
 grant a waiver today releasing The Upper Deck Company from its standstill
 obligations to Topps so that Upper Deck may communicate directly with Topps
 stockholders and pursue a tender offer on the terms described in the
 Court's decision. A new date for the special meeting will be set as soon as
 practicable in order to give Topps stockholders an opportunity to evaluate
 the Tornante-Madison Dearborn transaction in light of any competing offer
 from Upper Deck.
     The Topps Board remains committed to obtaining the best possible
 outcome for all of its stockholders and has not withdrawn or amended its
 recommendation with respect to the merger agreement with Tornante and
 Madison Dearborn.
     About The Topps Company, Inc.
     Founded in 1938, Topps is a leading creator and marketer of sports and
 related cards, entertainment products, and distinctive confectionery
 products. Topps entertainment products include Major League Baseball, NFL,
 NBA and other trading cards, sticker album collections, and collectible
 games. The Company's confectionery brands include "Bazooka" bubble gum,
 "Ring Pop," "Push Pop," "Baby Bottle Pop" and "Juicy Drop Pop" lollipops.
 For additional information, visit www.topps.com.
     Forward-Looking Statements
     This release contains forward-looking statements pursuant to the safe
 harbor provisions of the Private Securities Litigation Reform Act of 1995.
 Although Topps believes the expectations contained in such forward- looking
 statements are reasonable, it can give no assurance that such expectations
 will prove to be correct. This information may involve risks and
 uncertainties that could cause actual results to differ materially from the
 forward-looking statements. Factors that could cause or contribute to such
 differences include, but are not limited to, factors detailed in Topps'
 Securities and Exchange Commission filings.
 
 

SOURCE The Topps Company, Inc.