EXHIBIT 99.1 May 19, 2003 Board of Directors Parlux Fragrances, Inc. 3725 S.W. 30th Avenue Ft. Lauderdale, FL 33312 Dear Ladies and Gentlemen: This letter sets forth a proposal (the "Proposal") whereby Newco, a company to be formed by Ilia Lekach, or...Acquisition Proposal • May 28th, 2003 • Parlux Fragrances Inc • Perfumes, cosmetics & other toilet preparations
