Charming Shoppes Reaches Agreement with Crescendo Partners and Myca Partners to Resolve Proxy Contest at 2008 Annual Meeting of Shareholders Charming Shoppes’ Settlement Offer to Crescendo and Myca Rejected; Company Proposes to Appoint Retail Executives Richard Bennet and Michael Goldstein to Board of Directors Egan-Jones Recommends Charming Shoppes' Shareholders Vote For Re-Election of the Board's Directors Charming Shoppes Announces Exploration of Strategic Alternatives for Non-Core Misses Apparel Catalogs; Additional Capital Budget Reductions; Planned Refinancing of Real Estate Assets

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