Steiner Leisure Limited Announces New Agreement With Silversea Cruises
NASSAU, The Bahamas, Aug. 4, 2009 -- Steiner Leisure Limited (Nasdaq:STNR) today announced that it has entered into a new agreement with Silversea Cruises Ltd., providing that Steiner will continue to serve all of Silversea's vessels currently in service and Silversea's newest vessel, Silver Spirit (scheduled to debut in December 2009), through August 2012.
Under this agreement, Steiner will continue its exclusive operation of hair salons, beauty, massage, fitness and spa facilities and provision of related signature services on board Silversea's ultra-luxury vessels and will also expand its service offerings to include certain medi-spa services.
Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure, said, "For many years, we have had the pleasure of enhancing the onboard experiences of Silversea's discerning guests with our luxurious spa facilities and beauty and wellness services. With the upcoming unveiling of the Silver Spirit, which promises to be Silversea's most sophisticated and well-appointed vessel yet, we look forward to the very exciting opportunity to enrich the voyages of even more of Silversea's guests with an even broader spectrum of our award-winning services."
Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 127 cruise ships and in 50 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, Ritz-Carlton, 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.
Our statement with respect to the proposed entry into service of Silver Spirit 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 timely completion or entry into service of this vessel, since known and unknown risks and other factors may preclude results that match these statements. Such risks and factors include uncertainties beyond our control, including, among other things, our lack of control over the completion of the vessel and possible weather-related delays. 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.
CONTACT: Steiner Leisure Limited
Leonard I. Fluxman, President and Chief Executive Officer
(305) 358-9002, ext. 215