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JEAN PHILIPPE FRAGRANCES EARNS RANKING IN BUSINESS WEEK MAGAZINE 1992 LIST OF 'THE 100 BEST SMALL GROWTH COMPANIES'

 JEAN PHILIPPE FRAGRANCES EARNS RANKING IN BUSINESS WEEK
 MAGAZINE 1992 LIST OF 'THE 100 BEST SMALL GROWTH COMPANIES'
 NEW YORK, May 19 /PRNewswire/ -- Jean Philippe Fragrances, Inc., (NASDAQ: JEAN) has earned the rank of No. 45 in Business Week Magazine list of the "100 Best Small Companies."
 Business Week magazine evaluated more than 7,100 companies nationwide with sales between 10 and 150 million dollars, before the ranking was made. To qualify for the Business Week "Hot Growth Companies," the selection of Jean Philippe Fragrances, Inc., was based on consistent increase in sales, earnings and return of invested capital during the past three years.
 THREE YEAR AVERAGE
 Percent Increase Return on
 Sales Profit Capital
 76.9 55.6 19.9
 In announcing this accomplishment, Jean Madar, the president of Jean Philippe Fragrances, Inc. stated, "It is extremely satisfying to have acknowledged that our philosophy of recognizing value as the main marketing motivation, in the volatile economic environment of recent years, has resulted in a consistent increase in value for our shareholders."
 "We are comfortable with analysts projections for 1992 of $40 million in sales and given our positive momentum and the strong reception of our new products, we are increasing our earnings estimate for 1992 from $0.60 to $0.65 per share."
 In 1991, Jean Philippe Fragrances earned $0.40 per share on sales of $25 million.
 -0- 5/19/92
 /CONTACT: Neil Fogel of Jean Philippe Fragrances, 212-983-2640/
 (JEAN) CO: Jean Philippe Fragrances, Inc. ST: New York IN: HOU SU:


SM -- NY101 -- 2059 05/19/92 17:22 EDT
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Date:May 19, 1992
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