Adrenalina ends proxy contest with PacSun

ANAHEIM, Calif. Pacific Sunwear of California announced that Adrenalina has ended its proxy contest by withdrawing its nominations of director candidates for election to Pacific Sunwear's board of directors. Adrenalina had previously notified the company of its intention to nominate four candidates for election to the Pacific Sunwear board at the company's 2009 Annual Meeting.

Adrenalina's withdrawal of its nominations follows a meeting earlier this week between several of Pacific Sunwear's independent directors and Ilia Lekach, Adrenalina's chairman and CEO.

Pacific Sunwear's lead independent director Peter Starrett said, "We appreciated the opportunity to have an open and frank discussion with Lekach, and to hear his ideas and suggestions. We are pleased that Adrenalina has determined not to pursue a proxy contest, so that the company can devote all of its resources and attention to the important task of operating its business.''