SOURCE: Elegant Illusions, Inc.

July 08, 2005 18:14 ET

Elegant Illusions, Inc. Reports June 2005 Revenues

PACIFIC GROVE, CA -- (MARKET WIRE) -- July 8, 2005 -- Elegant Illusions, Inc. (OTC: EILL) announced today that total revenues for June 2005 were down approximately 18% from total revenues for May 2004. Same store revenues for May 2005 were down 21% from June 2004.

Company-wide figures are based on the revenues of 23 stores in 2005 versus revenues of 23 stores in 2004.

"The Company opened a new store on Balboa Island, Newport Beach in March of 2005 and also in Philadelphia in June 2005 and closed its Savannah location, because of poor performance, in April 2005," reported CEO James Cardinal.

Elegant Illusions, Inc. is engaged primarily in the created gem and copy jewelry business with 23 specialty stores across the continental United States.

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.

Contact Information

  • Contact:
    James Cardinal
    Elegant Illusions, Inc
    (831) 649-1814
    Email Contact