Parlux Fragrances, Inc. of Fort Lauderdale, FL announced that the company's filing delinquency with The Nasdaq Stock Market has been solved. As a result, a hearing that Parlux requested will not be held.

On July 2, Parlux received a Nasdaq Staff Determination Letter notifying it that its failure to timely file its Annual Report on Form 10-K for the fiscal year ended March 31, 2007 constitutes a failure to satisfy the filing requirement for continued listing under the Nasdaq Marketplace Rules.

On July 9, Parlux requested an appeal and hearing before a Nasdaq Listing Qualifications Panel for review.

On July 11, Parlux filed its Annual Report for the fiscal year ended March 31, 2007, as previously reported by HAPPI.