NASSAU, The Bahamas, March 10, 2009 (GLOBE NEWSWIRE) -- Steiner Leisure Limited (Nasdaq:STNR) today announced that it has entered into a new agreement with Royal Caribbean International that extends the term of its original agreement through December 2013 and provides that Steiner will serve all Royal Caribbean vessels currently known to be coming into service through 2013.
Under this agreement, Steiner will continue in its longstanding role as the exclusive provider of spas, salons and fitness centers and related beauty, wellness and medi-spa services and products on Royal Caribbean vessels currently sailing and the Oasis of the Seas and Allure of the Seas, scheduled to enter service in 2009 and 2010, respectively.
Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure, said, "Royal Caribbean is an excellent brand with an endless variety of activities and amenities for guests to enjoy while onboard. The debut of the Oasis class of vessels, starting with the Oasis of the Seas, promises to bring an unprecedented level of cutting-edge innovation to the cruise industry. We are very excited to continue to provide Royal Caribbean travelers with the opportunity to truly complete their vacation experience by luxuriating in our beautiful facilities and enjoying our healthful and rejuvenating services and products."
Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 131 cruise ships and in 50 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, InterContinental Hotels and Resorts, Kerzner International, Loews Hotels, Marriott Hotels, Nikko Hotels, Norwegian Cruise Line, Planet Hollywood, Princess Cruises, Ritz-Carlton, Royal Caribbean Cruises, Seabourn Cruise Lines, Sofitel Luxury Hotels, Starwood Hotels and Resorts and Westin Hotels and Resorts. 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 also 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 entry into service of the Oasis of the Seas and Allure of the Seas 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 timely completion or entry into service of these vessels, since known and unknown risks and other factors may preclude results that match these statements. Such risks and factors include uncertainties beyond our control, including, among other things, our lack of control over the construction of the vessels 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 2008. We undertake no obligation to publicly update or revise any of such forward-looking statements.