Parlux Releases Preliminary Year-End Results

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Parlux Releases Preliminary Year-End Results
    FORT LAUDERDALE, Fla., May 9 /PRNewswire-FirstCall/ -- Parlux
Fragrances, Inc. (Nasdaq: PARL) announced today that based upon preliminary
unaudited information, the Company anticipates reporting record total
revenues and record fully diluted earnings per share for the fiscal year
ended March 31, 2006.
    Revenues for the fiscal year are expected to approximate $183 million,
an increase of 82% over the prior fiscal year ended March 31, 2005. Fully
diluted earnings per share for the fiscal year ended March 31, 2006 are
expected to more than double and be in the range of $2.05 to $2.10 per
share compared to $1.02 per share for the prior fiscal year.
    Commenting on the results, Ilia Lekach, Chairman and Chief Executive
Officer, said, "Our excellent results were attributable to the continuing
solid performance of our Perry Ellis fragrances combined with the stellar
growth of Paris Hilton fragrances and the successful launch of our GUESS
fragrances. We recently initiated the sale of Paris Hilton watches and
handbags and expect to introduce Paris Hilton cosmetics and sunglasses
during fiscal 2007." Mr. Lekach continued, "I remain optimistic for fiscal
2007 and anticipate revenues in the range of $270-$280 million and earnings
in the range of $2.80-$2.90 per share assuming the successful
implementation of our anticipated new launches and stable economic
conditions."
    The estimates outlined above for the fiscal year ended March 31, 2006
are preliminary and are subject to possible adjustments as the Company
completes its year-end procedures and the audit of its financial
statements. The Company anticipates that it will issue final results for
the fourth quarter and year-end March 31, 2006 in accordance with its
reporting obligations by June 14, 2006.
    Parlux Fragrances, Inc. is a manufacturer and international distributor
of prestige products. It holds licenses for Paris Hilton fragrances,
watches, cosmetics, sunglasses, handbags and other small leather
accessories in addition to licenses to manufacture and distribute the
designer fragrance brands of Perry Ellis, GUESS?, XOXO, Ocean Pacific (OP),
Maria Sharapova, Andy Roddick, babyGund, and Fred Hayman Beverly Hills.
    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 successfully introduce new products in a
cost-effective and timely 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.
http://www.parlux.com
http://www.prnewswire.com/comp/674987.html /
CONTACT:
Ilia Lekach, ext. 8116, or Frank A.
Buttacavoli, ext. 8117, both of Parlux Fragrances, Inc.,
+1-954-316-9008