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Non-Tech : PERFUMANIA.COM . . PRFM . . .FOR LONGS ONLY -- Ignore unavailable to you. Want to Upgrade?

To: DAY TRADER who wrote (2339)	7/17/1999 12:58:00 PM
From: Frederick Langford	Read Replies (2) \| Respond to of 2489

Stocks Company Digest Zacks To print this story Perfumania, Inc. Announces a New Credit Line Agreement With La Salle Bank Business Wire - July 16, 1999 12:19 MIAMI, FL--(BUSINESS WIRE)--July 16, 1999-- Under The Terms Of The New Agreement, La Salle Bank Has Amended Some Financial Covenants To Accommodate Better Company's Needs Perfumania (NASDAQ: PRFM), the nation's largest perfumery chain, announced today that it is no longer considered in default under the present credit agreements. On July 15, 1999 La Salle Bank issued a waiver for certain covenant defaults and entered into an amendment to Perfumania's credit agreement containing less restrictive covenants. Ilia Lekach, Chairman and Chief Executive Officer of Perfumania, said, "Perfumania is encouraged with the new agreements and is very pleased with Perfumania's year to date sales growth. We are proud of the results obtained from the effective implementation of our profitability-focused strategy. The strong sales increases combined with our cost cutting efforts have placed Perfumania, Inc. on track towards a profitable fiscal year. Perfumania, Inc. is a leading specialty retailer and wholesale distributor of a wide range of brand name and designer fragrances with approximately $180 million in annual sales. The Company operates a chain of approximately 281 retail stores specializing in the sale of fragrances at discounted prices up to 70 percent below the manufacturer's suggested retail prices. The Company's wholesale division, one of the largest in the United States, distributes fragrances and related products to national and regional chains and other wholesale distributors throughout North America and overseas. This press release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those set forth in the forward-looking statements. Such risks and uncertainties are described in the Company's filings with the SEC, including its Registration Statement on Form SB-2. This release and prior releases are available on the KCSA Public Relations Worldwide website at www.kcsa.com. CONTACT: Perfumania, Inc. Ilia Lekach (305) 889-1520 or KCSA Mark Schwartz / Joseph A. Mansi (212) 896-1220 / 896-1205 mschwartz@kcsa.com / jmansi@kcsa.com www.kcsa.com -------------------------------------------------------------------------------- %FL-PERFUMANIA PRFM %FLORIDA %RETAIL %BANKING V%BW P%BW Enter Stock Symbols (eg: IBM, T, GM) or Company Name. Quotes and NewsCompany DigestZacks Reports