FORT LAUDERDALE, Fla., Nov. 5, 2009 (GLOBE NEWSWIRE) -- Parlux Fragrances, Inc. (Nasdaq:PARL) announced today that its Chief Financial Officer, Raymond J. Balsys, will be presenting at the Small Cap Ideas Conference on Monday, November 16, 2009. Sponsored by First Midwest Securities, Inc. (FMSI), the Small Cap Ideas Conference will be held in New York City. The event will be held at The Harvard Club, 27 West 44th Street (between 5th & 6th Avenues), New York, New York 10036 (212)840-6600.
Mr. Balsys' presentation is scheduled in Room A at 9:30 AM where he will be available throughout the day to do one-on-one meetings with institutional investors. Mr. Balsys' presentation will be regarding Parlux Fragrances' market positioning, financial performance, and strategic direction. Clients as well as members of the media who are interested in attending should contact David L. Kanen, Vice President-Institutional Sales, First Midwest Securities, Inc. (FMSI), (631)863-3100, dkanen@firstmidwestsecurities.com
About Parlux Fragrances, Inc.
Parlux Fragrances, Inc. is a manufacturer and international distributor of prestige products. It holds licenses for Paris Hilton, Jessica Simpson, GUESS?, Nicole Miller, Josie Natori, Queen Latifah, Marc Ecko, Rihanna, Kanye West, XOXO, Ocean Pacific (OP), Andy Roddick, babyGund, and Fred Hayman Beverly Hills designer fragrances, as well as Paris Hilton watches, cosmetics, sunglasses, handbags and other small leather accessories.
Certain Information Regarding Forward-Looking Statements
This press release includes 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, regarding, among other things, our plans, strategies and prospects, both business and financial. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company or its industry to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, among others, future trends in sales and net income, the Company's ability to maintain its current brands and licenses, the Company's ability to successfully introduce, acquire, or launch new brands, licenses, or products in a cost-effective manner, general economic conditions, Perfumania's ability to pay its accounts due to the Company, continued compliance with the covenants in its credit facility, and the Company's ability to replace its existing credit facility to provide it with sufficient liquidity to fund its planned operations. Additional risk factors are set forth in the Company's periodic reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date thereof. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.