February 25, 2008

Leverage Announces Bankruptcy Insurance Policy

Leverage has a new bankruptcy insurance policy that allows customers holding gift cards purchased via its LeverageCard.com destination from Sharper Image and other merchants filing for Chapter 11 bankruptcy protection to transfer remaining, unredeemable balances to gift cards from other retailers available on the Leverage site. Sharper Image gift cards not purchased through Leverage can also be registered on the site and customers will receive periodic updates as well as applicable assistance during bankruptcy proceedings.

As part of a new bankruptcy insurance policy, Leverage now guarantees that all gift cards with a verifiable balance purchased through LeverageCard.com can be exchanged for a gift card of the same value from Leverage's merchant network in the event of bankruptcy.

Sharper Image customers with gift cards purchased through LeverageCard.com can take advantage of Leverage's bankruptcy insurance policy by contacting customerservice@leveragecard.com.