Friday, March 30, 2007

UPDATE 1-Parlux reports Q2 results, delays Q3 filing

(Reuters) - The company, which licences Paris Hilton fragrances and accessories, faces being delisted from the Nasdaq as it is late in filing its financial results.

The delay is due to a probe into the allegations that the company improperly recognized revenue on sales and did not comply with Securities and Exchange Commission disclosure rules.


Read more at Reuters.com Market News

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