FORT LAUDERDALE, Fla., May 4 /PRNewswire-FirstCall/ -- Parlux
Fragrances, Inc. (Nasdaq: PARL) announced today that it has purchased
approximately 200,000 common shares out of its latest 1 million share
repurchase program and intends to continue with the Buyback Program
subject to price and other limitations.
Ilia Lekach, Chairman and CEO of Parlux, commented, "Our business
continues to be excellent. We are on track for doubling our sales and our
guidance for the year is between revenues of $190-210 million, with
earnings between $2.00-$2.20. Our 1st Quarter started very positively
whereby our guidance is revenues of $34-$36 million and earnings per share
between $0.35-$0.38."
Parlux Fragrances, Inc. is a manufacturer and international
distributor of prestige fragrances and holds the licenses to manufacture
and distribute the designer fragrance brands of Perry Ellis, Paris Hilton,
GUESS?, XOXO, Ocean Pacific (OP), Maria Sharapova, Andy Roddick, babyGund,
and Fred Hayman Beverly Hills. Parlux also recently signed a license to
manufacture and distribute Paris Hilton watches.
The Company may periodically release forward-looking statements
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors that may cause
actual results, performance or achievements of the Company or its industry
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
These risks and uncertainties include, among others, future trends in
sales and the Company's ability to introduce new products in a cost-
effective manner. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date thereof.
The Company undertakes no obligation to publicly release the result of any
revisions to these forward-looking statements that may be made to reflect
events or circumstances after the date hereof or to reflect the occurrence
of unanticipated events.
SOURCE Parlux Fragrances, Inc.
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Related links:
http://www.parlux.com
Company News On-Call:
http://www.prnewswire.com/comp/674987.html
CONTACT:
Ilia Lekach, Chairman and CEO, Parlux
Fragrances, Inc., +1-954-316-9008, ext. 116
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