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JEAN PHILIPPE FRAGRANCES NAMES GREENBERG CFO, ANNOUNCES EXPANSION OF ITS PRODUCT LINE AND ESTIMATES RECORD SALES FOR SECOND QUARTER

 JEAN PHILIPPE FRAGRANCES NAMES GREENBERG CFO, ANNOUNCES EXPANSION
 OF ITS PRODUCT LINE AND ESTIMATES RECORD SALES FOR SECOND QUARTER
 NEW YORK, June 25 /PRNewswire/ -- Jean Philippe Fragrances, Inc. (NASDAQ-NMS: JEAN), announced today it has hired Russell Greenberg for the position of vice president-finance and chief financial officer.
 Greenberg holds a B.A. in accounting from the Ohio State University, and is a certified public accountant and member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants. Greenberg joins the company with over ten years' experience in public accounting, most recently as a manager with Richard A. Eisner & Company, the tenth largest public accounting firm in the New York metropolitan area and the company's independent certified accountants.
 Jean Madar, the president and chief executive officer, stated: "We at Jean Philippe feel very fortunate to have Russ on our team. In addition to his extensive background in accounting and auditing for various public companies, he has worked closely with the company over the past two years consulting with us on a variety of business related matters. We are confident that he will play an important role in our growing management team in implementing new systems and strategies which Jean Philippe needs in order to continue its growth plans."
 Madar further stated: "We have expanded the number of products in our line of budget alternative designer fragrances from 12 to 48, and have recently introduced a line of six deodorant sticks and 15 body sprays, which have been well received by retailers and wholesalers in North and South America. In addition, we have recently introduced five new fragrances to complement our existing line of Jordache fragrances and cosmetics."
 Madar continued: "With the continued expansion of the company's product line and sales growth worldwide, and the new reporting requirements in consolidating our recently acquired two French subsidiaries, management determined that Jean Philippe required a full- time chief financial officer in order to meet its internal financial and accounting requirements as the company continues its growth. As evidence of this growth, our preliminary estimate of net sales for the second quarter of fiscal 1992 is approximately $8.5 million, an increase of approximately 58 percent over net sales of $5.376 million in the second quarter in 1991. We anticipate announcing our actual second quarter results in August 1992."
 Jean Philippe Fragrances produces and distributes fragrances in three markets: domestic and international licensed fragrances and cosmetics (Jordache and Regines's), budget and alternative designer fragrances for men and women in North America, and moderately priced fragrances, internationally.
 -0- 6/25/92
 /CONTACT: Russell Greenberg, CFO of Jean Philippe, 212-983-2640/
 (JEAN) CO: Jean Philippe Fragrances, Inc. ST: New York IN: HOU SU: PER ERP


GK -- NY076 -- 3990 06/25/92 17:28 EDT
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Date:Jun 25, 1992
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