Steiner Leisure Limited Announces Termination of Agreement to Operate Eau Spa at
the Ritz-Carlton, Palm Beach
NASSAU, The Bahamas, Nov. 6, 2009 (GLOBE NEWSWIRE) -- Steiner Leisure Limited
(Nasdaq:STNR) today announced that, effective December 14, 2009, it will no
longer operate Eau Spa, the spa and fitness facility at the Ritz-Carlton, Palm
Beach, which Steiner Leisure has operated under a lease agreement.
Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure, said,
"We have appreciated the opportunity to serve guests of the Eau Spa and
anticipate a smooth and mutually satisfactory transition from our operations at
this location."
Steiner Leisure Limited is a worldwide provider of spa services. The Company's
operations include spas and salons on 126 cruise ships and in 51 resort spas and
two luxury day spas. Our cruise line and land-based resort customers include
Carnival Cruise Lines, Celebrity Cruises, Crystal Cruises, Harrah's
Entertainment, Hilton Hotels, Holland America Line, InterContinental Hotels and
Resorts, Kerzner International, Loews Hotels, Marriott Hotels, Nikko Hotels,
Norwegian Cruise Line, Planet Hollywood, Princess Cruises, Royal Caribbean
Cruises, Seabourn Cruise Lines, Sofitel Luxury Hotels, Starwood Hotels and
Resorts and Westin Hotels and Resorts. Our Elemis Limited subsidiary
manufactures its Elemis(R) brand products for use in our cruise ship and
land-based spas. This top quality European line of beauty products is also
distributed worldwide to exclusive hotels, salons, health clubs, department
stores and destination spas. Elemis, as well as other Steiner products,
including La Therapie(R), Ionithermie, and Steiner Hair Care, are available at
www.timetospa.com.
Steiner Leisure also owns and operates five post secondary schools (comprised of
a total of 17 campuses) located in Miami, Orlando, Pompano Beach and Sarasota,
Florida; Baltimore, Maryland; Charlottesville, Virginia; York, Pennsylvania;
Salt Lake City and Lindon, Utah; Las Vegas, Nevada; Tempe and Phoenix, Arizona;
Westminster and Aurora, Colorado; and Groton, Newington and Westport,
Connecticut. Offering degree and non-degree programs in massage therapy and, in
some cases, skin care, these schools train and qualify spa professionals for
health and beauty positions within the Steiner family of companies or other
industry entities.
Forward-Looking Statements
Our statement with respect to the anticipated smooth and mutually satisfactory
transition from our operations at the Ritz-Carlton, Palm Beach may be deemed to
be a forward-looking statement within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. That statement does not guarantee the effects of this
transition, since known and unknown risks and other factors, including
uncertainties beyond our control, may preclude results that match these
statements. Other risks are described in our filings with the Securities and
Exchange Commission, including our Annual Report on Form 10-K for 2008. We
undertake no obligation to publicly update or revise this forward-looking
statement.
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CONTACT: Steiner Leisure Limited
Leonard I. Fluxman, President and Chief Executive Officer
(305) 358-9002, ext. 215
