Parlux Registers Outstanding Warrants

Parlux Fragrances Inc. has filed a Form S-3 registration statement covering 1,780,000 shares of common stock underlying warrants to acquire such shares. The warrants, of which 57,000 have already been exercised, were last granted in May 2002 and cover all currently outstanding warrant obligations of the company. If and when exercised, the remaining warrants will generate cash and increase stockholders’ equity by approximately $3.7 million. The dilution from their exercise would be only approximately 1% since, in accordance with generally accepted accounting principles, the Company already included approximately 1.6 million shares relating to the warrants as dilutive securities in calculating diluted earnings per share for the period ended December 31, 2005.