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November 15, 2006 04:08 PM Eastern Time

Steiner Leisure Limited Celebrates 10th Anniversary of IPO and NASDAQ Listing

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NASSAU, The Bahamas--(BUSINESS WIRE)--Steiner Leisure Limited (NASDAQ:STNR) today announces 10th anniversary of IPO and Nasdaq Listing.

Steiner Leisure announced today its celebration this week of the 10th Anniversary of its November 1996 initial public offering and listing on the NASDAQ Stock Market. In recognition of this special anniversary, Steiner management personnel will ring the opening bell to commence the trading for the NASDAQ Stock Market on Friday morning, November 17, 2006.

Clive Warshaw, Chairman of the Board, said, We are all very proud and excited about reaching this wonderful milestone. During these 10 years we have seen the company grow both in our traditional core business of operating cruise ship spas and in other areas. We have expanded the distribution of our widely acclaimed Elemis skin-care line through broader non-Steiner venues including, among others, well known department stores and through e-commerce. We have also expanded into related fields, including land-based resort spas and post-secondary massage and skin care education.

Our growth has been accompanied by recognition of the quality of our services and products. The recognition has come in the form of our continued relationships with numerous respected brands and our being able to regularly begin to serve new respected brands. Our top quality reputation has also been enhanced through the various awards we have received recognizing the superior nature of what we offer to our customers.

It has also been exciting for us to be an integral part of the increased importance that spas have played in the cruise passenger experience. As cruise lines have expanded the size, enhancements and beauty of their shipboard spas, we have been honored to be the provider of choice in the industry to help assure that passengers enjoy the highest quality spa experience.

Steiner would not have been able to accomplish what we have achieved without its management team and the rest of our dedicated employees. Since January 2002, when Leonard Fluxman took over as CEO, Mr. Fluxman has built on the companys history of excellence and helped the company succeed and grow in the best traditions of its founders.

Leonard Fluxman, President & CEO, said, This week marks a significant moment for our company. While we are very proud of what we have accomplished, we are enthusiastic about our mission to continue providing an indulgent and wonderful experience to our customers, a life enhancing program to our students, and the operation of a business that is always consistent with the best interest of our shareholders.

The groundwork laid by Clive Warshaw and his wife, Michele, whose father founded and operated respected salons and hair products in Great Britain, played an instrumental role in the position Steiner Leisure is in today. That predecessor company held three royal warrants signifying service to three generations of the British royal family. The positive influences of Clives vision and Micheles support continue to guide us today.

Steiner Leisure Limited is a worldwide provider of spa services. The Companys operations include spas and salons on 124 cruise ships, and in 53 resort spas and two luxury day spas. Our cruise line and land-based resort customers include Carnival Cruise Lines, Caesars Entertainment, Celebrity Cruises, Crystal Cruises, Cunard/Seabourn Cruise Lines, Hilton Hotels, Holland America Line, Kerzner International, Marriott Hotels, Norwegian Cruise Lines, Princess Cruises and Royal Caribbean Cruises. Our Elemis Limited subsidiary manufactures its Elemis® 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 and destination spas. Elemis®, as well as other Steiner products, including La Therapie®, Ionithermie, and Steiner Hair Care, are available at

Steiner Leisure owns and operates four post secondary schools (comprised of a total of 14 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; and Westminster and Aurora, Colorado. 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.

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