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Parlux Approves Buyback of Shares

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By: TOM BRANNA

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Parlux Fragrances Inc. announced that its board of directors approved a common stock buybacknot to exceed one million shares, subject to price and other limitations.Ilia Lekach, chairman and chief executive officer, commented, “I remain optimistic about our businessfor this fiscal year, and we intend to continue our stock buyback strategy.”...

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