Parlux Holder Nussdorf May Move to Acquire Company

In an amended 13D filing on Parlux Fragrances Inc. (Nasdaq: PARL) 10.5% holder Glenn H. Nussdorf said he has begun to explore the possibility of making an acquisition proposal to acquire the Company in a business combination transaction.

As part of such exploration, Mr. Nussdorf and/or his representatives have had preliminary discussions with the Company's management and have had preliminary discussions with potential financing sources to obtain the funds necessary for such a transaction.

Mr. Nussdorf has made no decision at this time as to whether to pursue an acquisition proposal and no assurances can be given as to whether or not Mr. Nussdorf will submit such a proposal to the Company. In addition, if Mr. Nussdorf submits such a proposal, there can be no assurances as to whether it would be acceptable to the Company or whether any such proposal would result in a definitive agreement being executed.