Tuesday October 28 10:01 AM EST
Company Press Release
Parlux Authorizes Additional Stock Buyback
FORT LAUDERDALE, Fla., Oct. 28 /PRNewswire/ -- Parlux Fragrances, Inc. (Nasdaq:PARL) reported today that with the successful completion of the second phase of its common stock open market buy-back program involving 500,000 shares, the Board of Directors authorized a new share repurchase program. Under the new program, the Company may purchase from time to time up to an additional 1,000,000 shares of common stock. Any purchases made pursuant to the program shall be effected in accordance with applicable securities laws and shall be subject to the restrictions and covenants in the Company's financing agreements.
Parlux Fragrances, Inc. is a manufacturer and international distributor of prestige fragrances, cosmetics and related beauty products. Parlux holds the licenses to manufacture and distribute the designer fragrance brands of Perry Ellis, Fred Hayman Beverly Hills, Baryshnikov and Phantom of the Opera. The Company also owns and manufacturers the Alexandra de Markoff fragrance and cosmetic line, the Bal A Versailles fragrances, as well as four of its own house brands including Animale Parfums.
SOURCE Parlux Fragrances, Inc. |
