STATEMENT OF FILING PERSON
In connection with
PRELIM 14A/DEF 14A Proxy Statement
And
Schedule 13E-3
Of
The Vermont Teddy Bear Co., Inc. (VTBC)
In relation to the
Agreement and Plan of Merger dated as of May 16, 2005
by and among
VTBC, Hibernation Holding Company, Inc., a Delaware corporation and Hibernation Company, Inc., a Delaware corporation
The undersigned Filing Person hereby acknowledges and attests as follows:
I have reviewed the Proxy Statement and Schedule 13E-3 as of this date.
After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in the Proxy Statement and Schedule 13E-3 is true, complete and correct.
I understand that SEC staff comments or changes to disclosure in response to SEC staff comments in the filings reviewed by the staff do not foreclose the SEC from taking any action with respect to the filing; and
I understand that I may not assert staff comments as a defense in any proceeding initiated by the SEC or any person under U.S. securities laws.
Date:August 9, 2005/s/ Joan H. Martin
Joan H. Martin
