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Beauty Industry

Parlux To Buy Back Shares

Purchase will include up to 1,000,000 shares

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By: Jamie Matusow

Editor-in-Chief

Parlux Fragrances, Inc. is buying back up to 1,000,000 shares of the company’s common stock, or approximately 5% of the outstanding publicly traded shares. This authorization is part of the company’s existing share buyback program originally approved and announced in January 2007.

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