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JEAN PHILIPPE FRAGRANCES COMMENTS ON ANALYSTS ESTIMATES: COMPANY CONFIDENT THAT 1993 AND 1994 ESTIMATES CAN BE EXCEEDED

 NEW YORK, March 18 /PRNewswire/ -- Jean Philippe Fragrances, Inc., (NASDAQ-NMS: JEAN) announced today that initial sales of both the company's new Jordache "lip and nail" products and the repositioned Jean Philippe line of Alternative Designer Fragrances introduced in February 1993 were significantly stronger than budgeted.
 As a result of the successful launch of both of these new lines and the continued domestic and international penetration of the company's existing products, management is confident that the company will achieve growth in excess of analysts' 1993 estimates of 38 percent in sales, from $43.7 million in 1992 to $60.3 million in 1993, and 48 percent in net income, from $4.3 million in 1992 to $6.3 million in 1993.
 In regards to analysts current estimates, Jean Madar, the president and chief executive officer, stated: "The variety and depth of the company's product line continues to open new doors (both domestically and internationally) and allow for greater penetration of our existing customer base."
 "The repositioning of our Jean Philippe line of Alternative Designer Fragrances, which entailed a complete phase out of the old line during the fourth quarter of 1992 at lower gross profit margins than usual, made way for the February 1993 introduction of our new line which is gaining acceptance with our customers and enabling us to achieve our historical 45 percent gross profit margin."
 "Our entrance into the lip and nail market at the price points established has been so well received that sales in this line could greatly exceed our original plans and represent approximately 10 percent of budgeted 1993 sales."
 "In addition, the company's 1994 sales and net income budgets also exceed the $75.4 million in net sales and $8.3 million in earnings currently estimated by analysts.
 -0- 3/18/93
 /CONTACT: Russell Greenberg, vice president-finance of Jean Philippe Fragrances, Inc., 212-983-2640/
 (JEAN)


CO: Jean Philippe Fragrances, Inc. ST: New York IN: HOU SU:

AH-LR -- NY058 -- 7569 03/18/93 15:10 EST
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Date:Mar 18, 1993
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