Brower Piven Announces Class Action Lawsuit Against Parlux Fragrances Incorporated

20 August 2006

The law firm of Brower Piven, A Professional Corporation, today announced that a securities class action was commenced on behalf of shareholders who purchased or otherwise acquired the common stock of Parlux Fragrances Incorporated (NASDAQ: PARL) between February 8, 2006 and August 10, 2006, inclusive (the "Class Period").

The case is pending in the United States District Court for the Southern District of Florida against defendant Parlux, its Chief Executive Officer Ilia Lekach and its Chief Financial Officer Frank Buttacavoli. The action charges that defendants violated federal securities laws by issuing a series of materially false and misleading statements to the market throughout the Class Period, which statements had the effect of artificially inflating the market price of the Company's securities.

No class has yet been certified in the above action. If you are a member of the proposed class, you may retain counsel of your choice, and you may move the court no later than October 16, 2006 to serve as a lead plaintiff for the proposed class. In order to serve as a lead plaintiff, you must meet certain legal requirements. To be a member of the proposed class you need not take any action at this time.

If you acquired shares (or purchased call options or sold put options) of Parlux Fragrances Incorporated during the Class Period indicated and want to discuss your legal rights, you may e-mail or call Brower Piven, who will, without obligation or cost to you, attempt to answer your questions. David Brower and Charles Piven have combined experience in securities and class action litigation of over 40 years. You may contact Brower Piven at The World Trade Center-Baltimore, 401 East Pratt Street, Suite 2525, Baltimore, Maryland 21202, by email at hoffman@browerpiven.com or by calling 410/986-0036.

CONTACT: Brower Piven, A Professional Corporation Baltimore, Maryland Charles J. Piven 410/986-0036 Email Contact

SOURCE: Brower Piven, A Professional Association

Source: marketwire

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