NASSAU, The Bahamas, April 28, 2014 (GLOBE NEWSWIRE) -- Steiner Leisure Limited (Nasdaq: STNR ) today announced that it has entered into a new agreement with Norwegian Cruise Line that extends the term of its original agreement through December 2022. Under this agreement, Steiner will continue in its longstanding role as the exclusive provider of spas, salons and fitness centers and related beauty, wellness and medi-spa services, including acupuncture and dermal fillers, as well as Elemis skincare and body products on Norwegian Cruise Line vessels currently sailing, as well as all new vessels that come into service for Norwegian during the agreement term.
Leonard Fluxman, President and Chief Executive Officer of Steiner Leisure, said, "We are very excited to announce this eight year extension of our long and mutually rewarding relationship with Norwegian Cruise Line. We look forward to continuing to provide our luxurious spa and wellness offerings onboard the ships of the fastest growing North American contemporary premium cruise line. With a number of the industry's youngest ships, Norwegian offers us the opportunity to provide our pampering services and products in beautiful new facilities including, on some ships, under our "Mandara" brand. Norwegian's spa suites program aboard Norwegian Getaway, Norwegian Breakaway and Norwegian Epic has enhanced our ability to bring a wonderful wellness enhancement to Norwegian's guests' vacation experience. Additionally, we will continue to offer luxurious spa services and pampering within the "Haven by Norwegian," the line's exclusive suite complex. We look forward to continuing our broad menu of highly regarded traditional spa treatments, as well as our expanding variety of medi-spa treatments on Norwegian ships for years to come."
Steiner Leisure Limited is a worldwide provider and innovator in the fields of beauty, wellness and education. We are dedicated to maintaining the highest quality standards and continually evolving to include and anticipate new developments within our industry. We aim to maintain and expand our existing diverse portfolio of services, products and brands, as well as to seek out new opportunities to complement our business.
Our services include traditional and alternative massage, body and skin treatment options, fitness, acupuncture, herbal medicine, medi-spa treatments and laser hair removal. We are committed to providing our customers with a wide-ranging assortment of beauty products, including premium quality options developed by us under our own brands, as well as those purchased from third parties.
Our distribution channels include our shipboard and land-based spas and salons, destination spas, health clubs, department stores and third party retail outlets and distributors. We also sell our products on certain British Airways flights, on QVC, by catalog, and online through our websites, including www.timetospa.com and www.blissworld.com .
Our post secondary schools offer programs in massage therapy and skin care, among others, and, along with our recruiting and training operations, prepare spa professionals for careers in the health and wellness industry, including within the Steiner family of companies.
Our cruise line operations are conducted in spas onboard 146 ships, including Azamara Club Cruises, Carnival Cruise Lines, Crystal Cruises, Cunard Cruise Line, Holland America Line, Ibero Cruises, Norwegian Cruise Line, P&O Cruises, Princess Cruises, Pullmantur Cruises, Royal Caribbean Cruises, Seabourn Cruise Lines, Silversea Cruises and Windstar Cruises.
Our land-based spa operations are carried out under our Elemis®, Mandara®, Chavana®, Bliss® and Remède® brands and take place in 66 locations, including resort spas, urban hotel spas and day spas. In addition, a total of 28 resort and hotel spas are operated under our brands by third parties pursuant to license agreements with the company. Our land-based customers include Caesar's Entertainment, Hilton Hotels, Kerzner International, Loews Hotels, Marriott Hotels, Nikko Hotels, Planet Hollywood, Sofitel Luxury Hotels, St. Regis Hotels, W Hotels and Resorts and Westin Hotels and Resorts.
Our Ideal Image customized laser hair removal services are provided by highly trained, experienced practitioners through a nationwide network of 126 treatment centers (17 of which are operated by franchisees) across 31 states, as well as one location in Canada. We develop and sell a variety of high quality beauty products under our Elemis, La Thérapie™, Bliss, Remède, Laboratoire Remède® and Jou® brands.
Our schools operations consist of 12 post-secondary schools (comprised of a total of 32 campuses) located in Phoenix, Scottsdale, Tempe and Tucson, Arizona; Westminster and Aurora, Colorado; Groton, Newington and Westport, Connecticut; Miami, Orlando, Pinellas Park, Pompano Beach, Sarasota and Tampa/St. Pete, Florida; Chicago, Crystal Lake and Woodridge, Illinois; Baltimore, Maryland; Boston, Massachusetts; Las Vegas, Nevada; Hoboken and Wall, New Jersey; King of Prussia and York, Pennsylvania; Arlington, Houston and Richardson, Texas; Salt Lake City and Lindon, Utah; Charlottesville, Virginia; and Federal Way and Seattle, Washington. Offering programs in massage therapy and, in some cases, skin care, these schools train and qualify spa professionals for health and beauty positions within the industry, including our own operations.
As part of our employee recruitment operations for our shipboard spas, we provide education to our shipboard employees through our rigorous training programs, at our primary training facilities near London, England or one of our satellite training centers in South Africa and the Philippines. These employees are sourced primarily from the British Isles, Australia, South Africa, Southeast Asia, Canada, the Caribbean and continental Europe.
Leonard Fluxman President & CEO (305) 284-1417 Stephen Lazarus Executive Vice President & CFO (305) 284-1421
