SOURCE: Elegant Illusions

September 12, 2005 17:48 ET

Elegant Illusions, Inc. Reports August 2005 Revenues

PACIFIC GROVE, CA -- (MARKET WIRE) -- September 12, 2005 -- Elegant Illusions, Inc. (OTC: EILL), announced today that total revenues for August, 2005 were down approximately 20% from total revenues for August 2004. Same store revenues for August 2005 were down 24% from August, 2004.

Company wide figures are based on the revenues of 22 stores in 2005 versus revenues of 22 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. The location in Savannah was closed in April 2005, the location in St Thomas in August 2005, because of poor performance," 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