NASSAU, The Bahamas, Feb. 5, 2009 (GLOBE NEWSWIRE) -- Steiner Leisure Limited (Nasdaq:STNR) today announced that it has entered into a six-year extension to its agreement with Norwegian Cruise Line, effective January 1, 2009, providing for a term until December 31, 2014.
Steiner will continue to provide men's and women's beauty, wellness, fitness and medi spa services on board all of NCL's vessels during the term of the agreement, including NCL's new contemporary F3 Class vessels, the first of which is the long awaited Norwegian Epic, scheduled to enter service in 2010.
Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure, said, "We have enjoyed our many years of collaboration with the innovative Norwegian brand, which has one of the most modern fleets in the cruise industry, and we appreciate this opportunity to complement NCL's freestyle cruising concept with our own continually evolving range of services and products, including providing NCL with exclusivity at sea for our luxury Mandara brand."
Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 131 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.
Forward-Looking Statements
Our statements with respect to the proposed entry into service of NCL's F3 Class vessels, including the Norwegian Epic, and the commencement of our operations thereon may be deemed to be forward-looking statements 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. Such statements do not guarantee the final characteristics of this class of vessels and/or the Norwegian Epic, 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 construction of the vessels 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 2007. We undertake no obligation to publicly update or revise any of such forward-looking statements.