Contact Information: Contact: James Cardinal Elegant Illusions, Inc. (831) 649-1814
Elegant Illusions, Inc. Post-Katrina Update
| Source: Elegant Illusions
PACIFIC GROVE, CA--(Marketwire - September 25, 2007) - Elegant Illusions, Inc. (PINKSHEETS : EILL ) announces the re-opening of its Riverwalk location in New Orleans, by
October 30, 2007.
We are pleased to have concluded negotiations with General Growth
Properties, Inc. for the return to Riverwalk, a General Growth Properties,
Inc. property. GGP made every effort, in a very harsh business climate, to
support our return to the Riverwalk. We will be in an even more favorable
location than our previous one, and be more able to fully serve the
clientele of Hilton, Harrahs, and convention clients that frequent the
Riverwalk Marketplace. We, as a Company, thank General Growth Properties,
Inc. for the patience and commitment to the success of their tenants, even
when it is a financially delicate circumstance for them. Thank you General
Growth and the committed people that worked with us.
Elegant Illusions, Inc. is engaged primarily in the created-gem jewelry
business with 17 specialty stores across the continental United States.
The Company also has art galleries in Sarasota, Florida, Vail, Colorado and
New Orleans.
This release includes certain forward-looking information. This
forward-looking information involves certain risks and uncertainties which
could cause actual results to differ materially from those discussed herein
including, but not limited to, risks relating to changing economic
conditions, competitive pressures and changes in expenses (such as changes
in labor, rent and/or inventory purchase costs). Forward-looking
information generally is information stated to be anticipated, expected or
projected by the Company. We caution readers that any such forward-looking
statements are based on our current expectations and beliefs but are not
guarantees of future performance. Actual results could differ materially
from those expressed or implied in the forward-looking statements. The
Company undertakes no obligation to update or revise any forward-looking
statements to reflect subsequent events or circumstances.