CRAZY EDDIE <CRCY.O> WON'T OPPOSE SLATE Crazy Eddie Inc said its board will not oppose the slate of nominees proposed for election to the board by the committee led by Entertainment Marketing Inc <EM> and the <Oppenheimer-Palmieri Fund, LP.> Crazy Eddie said its board is not endorsing, but will simply refrain from opposing, the EMI-Palmieri nominees. The board also said it will ask representatives of the Committee to Restore Shareholder value to begin acquainting themselves with the business and affairs of the company as promptly as possible. To that end, the committee's representatives will be invited in advance of the annual meeting to examine the company's financial records, to monitor its operations and to join company officers in meetings with the company's suppliers, bankers and key personnel, Crazy Eddie said. The board said that to continue to oppose the EMI-Palmieri group would only increase the expenses of the company, create further uncertainty among its suppliers, customers and employees, and result in deterioration of moral among company personnel. A further release from the company will follow, it said.