Company Website: http://www.rmclasslaw.com/cases/parl
WAYNE, Pa. -- (Business Wire)

Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/parl) is investigating potential claims against the board of directors of Parlux Fragrances, Inc. ("Parlux" or the "Company") (NASDAQ: PARL) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Parlux to Perfumania Holdings, Inc. in a transaction valued at approximately $170 million.

Our investigation concerns possible breaches of fiduciary duty and other violations of law related to the approval of the transaction by Company’s board of directors; in particular, whether the Company undertook a fair process to obtain fair consideration for all shareholders of Parlux. For more information regarding our investigation, please contact Ryan & Maniskas, LLP (Richard A. Maniskas, Esquire) toll-free at (877) 316-3218 or by email at rmaniskas@rmclasslaw.com or visit: www.rmclasslaw.com/cases/parl.

Under the terms of the definitive agreement, Parlux shareholders will receive either (a) $4.00 in cash plus 0.20 shares of Perfumania common stock or (b) 0.53333 shares of Perfumania common stock.

If you own shares of Parlux and would like to learn more about these claims or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (877) 316-3218 or to sign up online, visit: www.rmclasslaw.com/cases/parl. You may also email Mr. Maniskas at rmaniskas@rmclasslaw.com. For more information about class action cases in general, please visit our website: www.rmclasslaw.com.

Ryan & Maniskas, LLP is a national shareholder litigation firm. Ryan & Maniskas, LLP is devoted to protecting the interests of individual and institutional investors in shareholder actions in state and federal courts nationwide.

Contacts:

Ryan & Maniskas, LLP
Richard A. Maniskas, Esquire
877-316-3218
rmaniskas@rmclasslaw.com
www.rmclasslaw.com/cases/parl

Source: Ryan & Maniskas, LLP