NASSAU, The Bahamas, Dec. 23, 2008 (GLOBE NEWSWIRE) -- Steiner Leisure Limited (Nasdaq:STNR) today announced that it has entered into an amendment to extend the term of its agreement with Seabourn Cruise Line through December 2014 and to provide that Steiner will serve Seabourn's new "Odyssey" class vessels upon their completion. The "Odyssey" class is proposed to consist of three ships, the first of which is anticipated to enter service in June 2009. Under its agreement with Seabourn, Steiner provides spa, beauty and wellness services and products on Seabourn vessels.
The debut of the Seabourn "Odyssey" class will unveil many firsts for Seabourn, including stunning two-deck spas featuring luxurious couples' villas and cabanas, fitness centers with Italian state-of-the art fitness and strength equipment by Technogym, and full Kinesis systems. Guests will also be invited to enjoy Thai massage studios, indoor and outdoor relaxation hydro-pool areas and an extensive range of Elemis treatments and products.
Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure, said, "We have collaborated with Seabourn for many years and have always been proud to treat their discerning guests to our services and products. The new "Odyssey" class ships will truly introduce a new plateau of ultra-luxury travel, and we are very excited for the opportunity to supplement the extraordinary luxury of these beautiful vessels with our premier services and products."
Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 132 cruise ships, and in 48 resort spas and two luxury day spas. Our cruise line and land-based resort customers include Carnival Cruise Lines, Celebrity Cruises, Crystal Cruises, Harrah's Entertainment, Hilton Hotels, Holland America Line, Kerzner International, Marriott Hotels, Norwegian Cruise Lines, Princess Cruises, Royal Caribbean Cruises and Seabourn Cruise Lines. Our Elemis Limited subsidiary manufactures its Elemis(r) brand products for use in our cruise ship and land-based spas. This top quality European line of beauty products is also distributed worldwide to exclusive hotels, salons, health clubs, department stores and destination spas. Elemis, as well as other Steiner products, including La Therapie(r), Ionithermie, and Steiner Hair Care, are available at www.timetospa.com.
Steiner Leisure owns and operates five post secondary schools (comprised of a total of 17 campuses) located in Miami, Orlando, Pompano Beach and Sarasota, Florida; Baltimore, Maryland; Charlottesville, Virginia; York, Pennsylvania; Salt Lake City and Lindon, Utah; Las Vegas, Nevada; Tempe and Phoenix, Arizona; Westminster and Aurora, Colorado; and Groton, Newington and Westport, Connecticut. Offering degree and non-degree programs in massage therapy and, in some cases, skin care, these schools train and qualify spa professionals for health and beauty positions within the Steiner family of companies or other industry entities.
Forward-Looking Statements
Our statements with respect to the proposed introduction of the Seabourn "Odyssey" class ships and the features of the spas thereon may be deemed to be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements do not guarantee the completion of the "Odyssey" class ships on a timely basis or otherwise, since known and unknown risks and other factors may preclude results that match these statements. Such risks and factors include uncertainties beyond our control that could adversely affect the timely completion of spa facilities such as on board the Seabourn "Odyssey" class ships, or the ships themselves, including, among other things, our lack of control over the construction of the ships, and possible weather-related delays. Other risks are described in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for 2007. We undertake no obligation to publicly update or revise any of such forward-looking statements.