SOURCE: Parlux Fragrances, Inc.

October 19, 2007 10:22 ET

Parlux's Chairman & CEO, Neil J. Katz, Is Elected to The Fragrance Foundation's Board of Directors

FT. LAUDERDALE, FL--(Marketwire - October 19, 2007) - Parlux Fragrances, Inc. (NASDAQ: PARL) ("Parlux") is honored to announce that The Fragrance Foundation (the "Foundation") has elected Neil J. Katz, Chairman and CEO of Parlux Fragrances, Inc., to serve on the Foundation's Board of Directors, which serves to enhance the image of the fragrance industry and expand the appreciation and use of fragrance in all its forms across all distribution channels globally. A position on the Foundation's Board serves as recognition of Mr. Katz's many years of experience and professional service to the fragrance industry, and confirms Parlux's new direction emphasizing innovation and forward thinking.

Mr. Katz's impactful initiatives in the beauty business have made him a valuable asset to this outstanding industry resource. Mr. Katz is pleased to have the opportunity to rejoin the Board of Directors of the Foundation, where he previously served from 1996 to 2002, including a term as the Foundation's first Vice Chairman from 2000 to 2002. Mr. Katz's remarkable career history includes such leadership positions as President of Liz Claiborne Cosmetics and President of Revlon Beauty Care Division.

The Foundation was established in 1949 by six industry leaders affiliated with Elizabeth Arden, Coty, Guerlain, Helena Rubenstein, Chanel, and Parfums Weil, to develop educational programs about the importance and pleasures of fragrance for the American public. Today, America is the largest fragrance market in the world and the Foundation has become an international source for historic, cultural, scientific and industry-related reference materials.

Currently, the Foundation's International Membership includes: manufacturers, suppliers, media, advertising and public relations agencies, as well as designers, packagers and retailers. The Foundation maintains one of the most extensive print and video fragrance libraries in the world. It publishes educational and sales training materials, and a bi-annual Fragrance Trends Forecast Report. The Foundation produces videos and consumer publications, develops and mounts exhibitions and holds seminars and symposia for its members as well as for the international fragrance industry. For further information, please log on to

Parlux is a manufacturer and international distributor of prestige products. It holds licenses for Paris Hilton fragrances, watches, cosmetics, sunglasses, handbags and other small leather accessories in addition to licenses to manufacture and distribute the designer fragrance brands of GUESS?, Jessica Simpson, Nicole Miller, XOXO, Ocean Pacific (OP), Maria Sharapova, Andy Roddick, babyGund, and Fred Hayman Beverly Hills.

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 Parlux 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 Parlux's ability to successfully introduce, acquire, or launch new brands, licenses, or products in a cost-effective manner, general economic conditions and continued compliance with the covenants in our credit facility. 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. Parlux 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.

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