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

To: DAY TRADER who wrote (2324)	6/3/1999 10:21:00 AM
From: BANCHEE	Read Replies (1) \| Respond to of 2489

Day Trader Thursday June 3, 8:21 am Eastern Time Company Press Release Perfumania, Inc. Reports Sixth Consecutive Month of Revenue and Comparable Store Sales Increases Company Reports 19% Increase In Sales For The Month Of May And 14% Increase In Sales YTD MIAMI--(BUSINESS WIRE)--June 3, 1999-- Perfumania (NASDAQ: PRFM - news), the nation's largest perfumery chain, announced today that revenues increased by 19 percent for the month of May. The Company also announced that comparable retail store sales for the month of May increased 11% percent over sales of May 1998. This marks the sixth consecutive month of increased same store sales. Total retail sales for May 1999 were $11,326,863, a 19 percent increase over total retail sales of $9,543,912, reported in April 1998. Total retail YTD sales for 1999 were $39,477,013, a 14 percent increase over the reported sales of $34,545,859, for the same period in 1998. Ilia Lekach, Chairman and Chief Executive Officer of Perfumania, said, ''Perfumania is showing a remarkable sales improvement. This is the sixth consecutive month of increased revenues, comparable store sales and gross margins. We are proud of the achieved results. The continuing sales increases and the implemented cost cutting efforts have placed Perfumania stores on track towards a profitable year.'' Mr. Lekach added, ''Our licensing agreement with WCW (World Championship Wrestling), a Time Warner Company (NYSE: TWX - news) for manufacturing and distributing the new upscale fragrance brand Nitro for men, has resulted in meaningful press recognition and additional national exposure for Perfumania and Perfumania.com.'' 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 284 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 is available on the KCSA Worldwide website at www.kcsa.com Contact: Perfumania, Inc Ilia Lekach (305) 889-1520 or Joseph A. Mansi/Mark Schwartz (212) 896-1205/(212) 896-1220 www.kcsa.com