Finlay Enterprises, Inc. to Broadcast Review of Second Quarter Results Over the Internet

    NEW YORK, Aug. 20 /EMWNews/ -- Finlay Enterprises, Inc.

(OTC Bulletin Board: FNLY), one of the leading retailers of fine jewelry

and the largest operator of licensed fine jewelry departments in department

stores throughout the United States, invites investors to listen to a

broadcast of the Company's conference call to discuss second quarter 2008

results. The conference call will broadcast on Wednesday, August 27, 2008

at 10:00 a.m. Eastern Time at http://www.finlayenterprises.com. The call will be

archived online within two hours of the completion of the conference call.

Hosting the call will be Art Reiner, Chairman and Chief Executive Officer

and Bruce Zurlnick, Chief Financial Officer.



    Finlay Enterprises, Inc., through its wholly-owned subsidiary, Finlay

Fine Jewelry Corporation, is one of the leading retailers of fine jewelry

operating luxury stand-alone specialty jewelry stores and licensed fine

jewelry departments in department stores throughout the United States and

achieved sales of $835.9 million in fiscal 2007. The number of locations at

the end of the second quarter of fiscal 2008 totaled 781, including 67

Bailey Banks & Biddle, 35 Carlyle and five Congress specialty jewelry

stores.



    This release may contain forward-looking statements, which are made

pursuant to the safe harbor provisions of the Private Securities Litigation

Reform Act of 1995. Such forward-looking statements are based on Finlay's

current expectations and beliefs, are not a guarantee of future performance

and involve known and unknown risks, uncertainties and other factors.

Actual results, performances or achievements may differ materially from

those contained in, or implied by, these forward-looking statements,

depending upon a variety of factors including, in particular, the risks and

uncertainties described in Finlay's filings with the Securities and

Exchange Commission. Readers are cautioned not to place undue reliance on

these forward-looking statements, which speak only as of the date hereof.

We undertake no obligation to release publicly any revisions to these

forward-looking statements that may be made to reflect events or

circumstances after the date hereof or to reflect the occurrence of

unanticipated events. The inclusion of any statement in this release does

not constitute an admission by Finlay or any other person that the events

or circumstances described in such statement are material.