NEWS RELEASE

LAKE SUCCESS, New York –Party City has selected Excess Space Retail Services, Inc. (ESRS), the leading consulting and advisory firm specializing in real estate disposition and lease restructuring for retailers and financial institutions nationwide to exclusively manage the disposition of 14 locations with an aggregate of 178,500 square feet

These locations range in size from 9,745 to 16,013 square feet and are located in California, Connecticut, Florida, Iowa, Indiana, Massachusetts, New Hampshire, Ohio, Virgina and West Virginia. Heading the real estate disposition assignment for ESRS will be Justin Glenn, Senior Managing Director, from the firm’s East Coast Office in Lake Success, New York.

About Excess Space Retail Services, Inc.

Founded in 1992, Excess Space, a Newmark Knight Frank company, with offices in Lake Success, New York and Huntington Beach, California, has set the industry standard for providing leading national and regional retailers with “best-in-class” real estate disposition, lease restructuring and lease renewal services. During the company’s 27 year history, Excess Space has completed over 50,000 transactions on behalf of more than 190 retailers. These successful programs have resulted in direct savings to our clients of over $5 billion. For more information about ESRS, call Al Williams at (866) 594-9800 ext. 954 or reference the company’s Web site at www.ExcessSpace.com.

About Party City.

Party City Holdco Inc. is the leading party goods company by revenue in North America and, we believe, the largest vertically integrated supplier of decorated party goods globally by revenue. The Company is a popular one-stop shopping destination for party supplies, balloons, and costumes. In addition to being a great retail brand, the Company is a global, world-class organization that combines state-of-the-art manufacturing and sourcing operations, and sophisticated wholesale operations complemented by a multi-channel retailing strategy and e-commerce retail operations. The Company is the leading player in its category, vertically integrated and unique in its breadth and depth. Party City Holdco designs, manufactures, sources and distributes party goods, including paper and plastic tableware, metallic and latex balloons, Halloween and other costumes, accessories, novelties, gifts and stationery throughout the world. The Company’s retail operations include over 900 specialty retail party supply stores (including franchise stores) throughout North America operating under the names Party City and Halloween City, and e-commerce websites, principally through the domain name PartyCity.com.

For specific information about Party City project please contact Justin Glenn (800) 435-8384 ext. 237.

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