NASSAU, The Bahamas, Nov. 6, 2009 (GLOBE NEWSWIRE) -- Steiner Leisure Limited (Nasdaq:STNR) today announced that, effective December 14, 2009, it will no longer operate Eau Spa, the spa and fitness facility at the Ritz-Carlton, Palm Beach, which Steiner Leisure has operated under a lease agreement.
Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure, said, "We have appreciated the opportunity to serve guests of the Eau Spa and anticipate a smooth and mutually satisfactory transition from our operations at this location."
Steiner Leisure Limited is a worldwide provider of spa services. The Company's operations include spas and salons on 126 cruise ships and in 51 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, 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 statement with respect to the anticipated smooth and mutually satisfactory transition from our operations at the Ritz-Carlton, Palm Beach 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 effects of this transition, since known and unknown risks and other factors, including uncertainties beyond our control, may preclude results that match these statements. 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.