Sentinel Benefits Awarded Contract for Elizabeth Arden's 401k Plan

WAKEFIELD, MA, December 15, 2003 -- Sentinel Benefits, a full-service benefits and consulting firm, has been awarded the administration contract for Elizabeth Arden's 401k plan. Approximately nine hundred company employees participate in the plan. Sentinel Benefits will provide administration, compliance and tax reporting services to Elizabeth Arden's 401k plan.

"Certainly we are excited about working with a company as prestigious as Elizabeth Arden. In turn, Elizabeth Arden recognized the depth of our expertise in retirement planning combined with a focused attention to their company's particular needs," said John Carnevale, President of Sentinel Benefits. "We look forward to a mutually successful relationship."

Joel B. Ronkin, Senior Vice President and Chief Administrative Officer of Elizabeth Arden, stated, "We were actively seeking a partner on whom we could rely to administer and maintain our 401k plan. Sentinel Benefits clearly demonstrated extensive knowledge in this area and a willingness to address our company's specific requirements and goals."

About Sentinel Benefits

Sentinel Benefits provides employee benefit consulting, administration and brokerage services that include HR consulting, retirement plan and flexible spending account administration, COBRA, insurance brokerage and investment advisory services. The company recently launched Sentinel Benefits of Florida, LLC, which provides retirement administration services to businesses located throughout South Florida. Sentinel Benefits serves more than 2,000 businesses and corporations throughout the U.S. and is Massachusetts' largest privately-owned employee benefits firm. For more information, please visit www.sbgi.com.

About Elizabeth Arden

Elizabeth Arden is a global prestige fragrance and beauty products company. The Company's portfolio of leading brands includes the fragrance brands Red Door, Elizabeth Arden green tea, 5th Avenue, ardenbeauty, Elizabeth Taylor's White Diamonds, Passion and Forever Elizabeth, White Shoulders, Geoffrey Beene's Grey Flannel, Halston, Halston Z-14, Unbound, PS Fine Cologne for Men, Design and Wings; the Elizabeth Arden skin care line, including Ceramides and Eight Hour Cream; and the Elizabeth Arden cosmetics line.

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