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News Breaks
17:47 EDTPARL
theflyonthewall.com: Parlux Fragrances negotiating extension with Regions Bank
Parlux Fragrances announced it is currently in negotiations with Regions Bank regarding an extension of the forbearance period, which expires on October 28 under the previously announced Forbearance Agreement with Regions, effective as of August 31, with respect to certain obligations under the Loan and Security Agreement, dated as of July 22, 2008, as amended, with Regions Bank, as lender. The company anticipates making an announcement regarding this extension in the next few days. :theflyonthewall.com



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January 26, 2010
17:32 EDTPARL
theflyonthewall.com: Parlux Fragrances lowers Q3 guidance
The company notes that larger than expected product returns from U.S. department store customers have reduced the company's net sales for Q3 to approximately $50M from the previously announced estimate of $52M, and it expects to report a net loss for that quarter of approximately $5M, subject to any additional adjustments that might be required as part of the company's quarterly review process. :theflyonthewall.com
17:30 EDTPARL
theflyonthewall.com: Parlux Fragrances announces Frederick Purches as new CEO and chairman

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