FORT LAUDERDALE, Fla., Nov. 1 /PRNewswire-FirstCall/ -- Parlux Fragrances,
Inc. (Nasdaq: PARL) reported today that it had sustained minimal damage to its
offices and distribution facility in Florida.
Ilia Lekach, Chairman and Chief Executive Officer, stated, "The structure
of our distribution and office facility was sound, and we experienced minimal
physical damage. The electricity was out for a few days, which hampered our
computer and telephone communications, but electric power and telephone
service have been restored and we have resumed normal operations. During the
outage, we continued to ship holiday sets to U.S. department store customers
directly from a third-party distribution company, as we had been prior to the
storm. We expect to meet our holiday commitments."
Mr. Lekach continued, "Due to the power outage, we do not anticipate
releasing our final second quarter results until November 11, 2005, in order
to provide our auditors the required time to complete their review. We are
confident that the results will meet our previous guidance. It appears that
the uncertainty surrounding Hurricane Wilma has unreasonably depressed our
stock market price, so we anticipate restarting our stock buyback program."
The Company will be presenting at the Noble Financial Group Small Cap
Conference on November 10, 2005 in Hollywood, Florida.
Parlux Fragrances, Inc. is a manufacturer and international distributor of
prestige fragrances and, in addition to Paris Hilton licenses for fragrances,
watches, cosmetics and handbags and other small leather accessories, holds
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.
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Related links:
http://www.parlux.com
Company News On-Call:
http://www.prnewswire.com/comp/674987.html
CONTACT:
Ilia Lekach, ext. 116, or Frank A.
Buttacavoli, ext. 117, both of Parlux, +1-954-316-9008
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