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

To: unclewest who wrote (2043)	2/3/1999 11:38:00 PM
From: Jay Fisk	Respond to of 2489

"And now for the rest of the story" (OT - Is Paul Harvey still on the air?) biz.yahoo.com MIAMI--(BUSINESS WIRE)--Jan. 6, 1999--Perfumania, Inc. (NASDAQ:PRFM - news), the nation's largest perfumery chain, announced today the appointment of Rachmil Lekach as President of its newly formed Internet subsidiary, Perfumania.com. Mr. Lekach joins Perfumania.com from Ocean Reef Capital Management where he was Chief Executive Officer. He has substantial experience in the fragrance industry and was co-founder and former Chief Operating Officer of Perfumania, Inc, and President and Director of Parlux Fragrances, Inc. OK, that's fine, but omitted a significant chapter in this saga: edgar-online.com. Miami, Florida, August 13, 1997 - L. Luria & Son, Inc. (Luria's) (NYSE:LLUR) L. Luria & Son, Inc. announced today that it has filed a case under Chapter 11 in the United States Bankruptcy Court for the Southern District of Florida. Rachmil Lekach, Chief Executive Officer, said, "The decision to file (Chapter 11) was a very difficult one. The members of the new management team that have joined the Company since August 1996, at which time a change in control of the Company occurred, have not been able to reverse the losses and declining sales trends experienced by the Company prior to such time. Although the new management team has taken many of the steps set forth in a recovery plan previously announced, the Company has continued to experience difficulty meeting its debts as they become due. The filing was precipitated by the Company's continuing sales decline, reduced borrowing capacity and deterioration of vendor support, which has made the process of implementing the recovery plan increasingly difficult. It was determined that in the overall interests of Luria's customers, vendors, employees and shareholders, this action was required. As the case goes forward, Luria's will continue to evaluate and take actions that serve the best interests of all parties." The Company believes that the filing should allow Luria's to (i) relieve the Company of burdensome obligations under unfavorable store leases, (ii) realize significant value in other below market long-term store leases, and (iii)maximize the ultimate return to its creditors. Just some background to ponder in this puzzle of inter-related companies (PRFM PARL LLUR), wonder if history will repeat ? I don't make this stuff up, it's all on public record.

To: unclewest who wrote (2043)	2/4/1999 1:19:00 AM
From: TheLineMan	Read Replies (1) \| Respond to of 2489

IPO - I think they'd find it very difficult to find anybody reputable to bring it to the market. I guess they could make a release like that but it would probably cause a lot of legal headaches for the "Lekach" clan in the future. Besides they might get some "real publicity" on the company. The business journalists would rip it apart.

To: unclewest who wrote (2043)	2/4/1999 8:06:00 AM
From: unclewest	Read Replies (1) \| Respond to of 2489

REPOST thank you for that aweswome news. now you normally have a manager in charge of a division, right? so why would you have a president?? try pending IPO!!!!!!!! CEO promised continued news releases today on cnbc. looks good to his word to me. want to know what happens to pending IPO's. look at DBCC a coupla weeks ago. yes, i was there. check my posts. look at my other current play NAVR, today. watch NAVR the next 10 days to get a feel for the potential here.