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Elegant Illusions total revenues for Nov drops 31%

14
Dec '05
California based jewelry retailer Elegant Illusions Inc, announced that total revenues for November 2005 were down approximately 31 percent from total revenues for November 2004. Same store revenues for November 2005 were down 31 percent from November 2004.

The two locations in New Orleans, LA, have been closed for the months of September, October and November due to the damage caused by Hurricane Katrina. The loss of sales from these stores has had negative impact on same store and Company wide revenues for the period.

Company wide figures are based on the revenues of 22 stores in 2005 versus revenues of 22 stores in 2004.

Elegant Illusions Inc is engaged primarily in the design and sale of created gem jewelry with 22 specialty stores across the continental United States, Hawaii and Virgin Islands. Elegant Illusions has been profitable since its first quarter, has no long-term debt.

Elegant Illusions Inc is engaged primarily in the created gem and copy jewelry business with 22 specialty stores across the continental United States.

The Company's founders, Tamara and Gavin Gear, first began selling jewelry in 1976 on Cannery Row. Since then, along with CEO James Cardinal who committed to the Company in 1992, the Gears have carved out a substantial niche in the growing, multi-billion dollar jewelry industry.

Elegant Illusions Inc


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