FORT LAUDERDALE, Fla., May 17 /PRNewswire-FirstCall/ -- Parlux
Fragrances, Inc. (Nasdaq: PARL) announced today that the Board of Directors
approved a 2-for-1 split of the Company's common stock effected in the form
of a stock dividend. The stock will be payable June 16, 2006 to
shareholders of record as of May 31, 2006. Stockholders will receive one
additional share for each share held on that date.
Ilia Lekach, Chairman and Chief Executive Officer, said, "The stock
split is a result of the Company's solid growth and price performance. Over
the past three fiscal years our significant growth in revenues has provided
increased earnings per share of over 300% and the market price of our stock
has almost tripled. We believe that this stock split, combined with our
plans for continuing growth, will increase retail ownership and provide
pricing levels that are accessible to a broader group of investors."
Parlux Fragrances, Inc. is a manufacturer and international distributor
of prestige products. It holds licenses for Paris Hilton fragrances,
watches, cosmetics, handbags and other small leather accessories, and
sunglasses, 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 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.
 back to top
Related links:
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,
+1-954-316-9008
|
