PARLUX FRAGRANCES COMPLETES INITIAL OFFERING
<Parlux Fragrances Inc> said it
completed the offering of 420,000 unis at 10 dlrs each through
underwriters R.C. Stamm and Co and Rosenkrantz Lyon and Ross
Inc.
    Each unit consists of two shares of common stock and one
redeemable warrant, which entitles the holder to buy an
additional common share for six dlrs between Feb 26, 1988 and
Feb 26, 1992.
    The company creates and markets fragrances and beauty
products, including the "Anne Klein" line, through department
and specialty stores.
 Reuter
