Steiner Leisure Limited has been advised by Celebrity Cruises that the Company's agreement to serve Celebrity's vessels would not be renewed after its expiration on December 31, 2013.

The company is negotiating a transition plan as to the turnover of the ships to the new vendor. "We currently estimate that the impact of the termination of this agreement on the fully diluted earnings per share of the Company for 2014 should not be a reduction of greater than $0.24 per share. This estimate is subject to finalization of the transition plan," the company said a statement on December 23rd.