Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: hotlinktuna who wrote (113149)	12/8/1999 3:23:00 PM
From: SpinCity1	Read Replies (1) \| Respond to of 119973

GWRX 11 to 12 now its time for 13!!!yaaawhooser short? IMBO

To: hotlinktuna who wrote (113149)	12/8/1999 3:32:00 PM
From: SpinCity1	Read Replies (1) \| Respond to of 119973

GWRX nothing on Island between 12 7/8 and 13 3/4 ~

To: hotlinktuna who wrote (113149)	12/8/1999 3:39:00 PM
From: Manly	Respond to of 119973

Tuna, PRFM just announced a major stock buyback!!! Wednesday December 8, 3:15 pm Eastern Time Company Press Release SOURCE: Perfumania, Inc. Perfumania Announces Stock Repurchase Program; Company to Repurchase Up to 1.5 million Shares of its Common Stock MIAMI, Dec. 8 /PRNewswire/ -- Perfumania (Nasdaq: PRFM - news), the nation's largest perfumery chain, announced today that its board of directors authorized a stock repurchase program for up to 1,500,000 shares of the Company's common stock. ``The authorization of this share repurchase program reflects our confidence in the Company's growth strategy and demonstrates our commitment to enhance financial returns and shareholder value,' stated Ilia Lekach, Chairman and Chief Executive Officer. ``We also believe that the timing of the program enables us to take advantage of an undervalued stock price relative to our YTD sales performance and the prospects for our future growth.' The company said purchases may be made from time to time in the open market. The timing, volume and price of purchases under the program will be at the discretion of the company's management and board of directors based on an assessment of the overall financial and market conditions. Perfumania currently has approximately 9,200,000 shares outstanding. Mr. Lekach added, ``Our advertising campaign for the launch of WCW NITRO FOR MEN FRAGRANCES supported by the Perfumania and Perfumania.com 'Millennium Madness Sweepstakes' is bringing excitement and traffic to our stores translating in above expectation sales results for the new fragrance.' 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 280 retail stores specializing in the sale of fragrances at prices discounted up to 75 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 S-1. SOURCE: Perfumania, Inc.