PARL Parlux Fragrances, Inc. (MM)

Perfumania Holdings, Inc. (Nasdaq:PERF) and Parlux Fragrances, Inc. (Nasdaq:PARL) announced that, on April 17, 2012, their shareholders approved the merger of Parlux and a subsidiary of Perfumania, with 98.9% of the shares voted at the Parlux special meeting and 99.2% of the shares voted at the Perfumania special meeting voting in favor. The companies expect to consummate the merger as soon as the conditions to closing are satisfied.

CONTACT: Michael W. Katz
         President and Chief Executive Officer
         Perfumania Holdings, Inc.
         631-866-4156