MINNEAPOLIS--(BUSINESS WIRE)----Regis Corporation (NYSE: RGS) , the global leader in the $150 billion hair-care industry, today announced that it has formed a new limited liability company in a joint venture with Intelligent Nutrients, Inc., a company owned by Horst Rechelbacher. Intelligent Nutrients, LLC, will continue to produce a line of organic products, Intelligent Nutrients by Horst, made with ingredients that are harmonically grown(TM) using organic farming methods. Intelligent Nutrients' mission is to provide products that offer both protective and nutritional value. These products will be offered at Regis' corporate and franchised salons and other independently owned salons.

Intelligent Nutrients, Inc., based in Minneapolis, Minnesota, was founded by Horst M. Rechelbacher in 1995. Mr. Rechelbacher is well-known in the salon industry for founding the Aveda Corporation, a global plant-based cosmetics company, which he began in 1978 and sold to Estee Lauder in 1997.

"We are proud to partner with Horst, a legend within the salon industry," commented Paul D. Finkelstein, Regis chairman and chief executive officer. "We believe that our customers and salon owners alike will be attracted to an organic, professional hair-care product line that will be diversion-free. Not only are we putting the 'profession' back in professional products, we are responding to the increasing consumer demand for organic products by bringing Horst's latest vision to market."

Intelligent Nutrients, LLC, currently carries a wide variety of organic, harmonically grown products, including dietary supplements, coffees, teas and aromatics. Regis Corporation will offer many of these items at select salons in December 2006. A full line of professional hair-care and personal care products is in development and is expected to be available in calendar year 2007.

"Regis Corporation has the ideal global infrastructure of hair salons in all of the best malls and retail locations to introduce people to the Intelligent Nutrients experience," said Horst Rechelbacher. "We are focused on feeling good as well as looking good. Our vision is to offer organic, harmonically grown(TM), highly nutritional products with food-based ingredients. We strongly believe that consumers should never put anything in or on their bodies that does not have nutritional and protective value."

Intelligent Nutrients serves consumers through the development of products made with organically, harmonically or biodynamically grown plant-active materials of the highest quality.

"We should view our bodies as an ecosystem," Horst continued. "When organic, harmonic and biodynamic methods of cultivation are used, the soil is full of nutrients. These nutrients are transferred to plants, which in turn provide both humans and animals with complete anatomical nutrition."

Well-documented and researched plant materials are selected to offer men, women and children intelligent nutrition in both functional foods and nutraceuticals. For additional information, please visit www.intelligentnutrients.com.

Under the terms of the agreement, Regis Corporation and a company owned by Horst Rechelbacher are 50/50 partners. It is anticipated that Intelligent Nutrients, LLC, will be the exclusive direct distributor of Intelligent Nutrients by Horst, including the forthcoming hair, skin and total body care lines, to the entire professional salon industry. Regis Corporation has made a five-year commitment to donate its share of the distributed profits (excluding tax distributions) from the joint venture to fund cosmetology school scholarships. In addition, Horst Rechelbacher intends to donate his share of the distributed profits (excluding tax distributions) to the Horst M. Rechelbacher Foundation, which will in turn donate them to global social, environmental and animal rights charities.

Regis Corporation (NYSE: RGS) is the beauty industry's global leader in salons, hair restoration centers and education. As of September 30, 2006, the company owned or franchised 11,634 worldwide locations, which included 11,490 beauty salons, 89 hair restoration centers and 55 beauty schools operating under concepts such as Supercuts, Jean Louis David, Vidal Sassoon, Regis Salons, MasterCuts, Trade Secret, SmartStyle, Cost Cutters and Hair Club for Men and Women. These and other concepts are located in the U.S. and in ten other countries throughout North America and Europe. For additional information about the company, including management's current financial outlook and a reconciliation of non-GAAP financial information, please visit the Investor Information section of the corporate website at www.regiscorp.com. To join Regis Corporation's email alert list, click on this link:

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This press release contains "forward-looking statements" within the meaning of the federal securities laws, including statements concerning anticipated future events and expectations that are not historical facts. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in this document reflect management's best judgment at the time they are made, but all such statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those expressed in or implied by the statements herein. Such forward-looking statements are often identified herein by use of words including, but not limited to, "may," "believe," "project," "forecast," "expect," "estimate," "anticipate," and "plan." In addition, the following factors could affect the Company's actual results and cause such results to differ materially from those expressed in forward-looking statements. These factors include competition within the personal hair-care industry, which remains strong, both domestically and internationally, and price sensitivity: changes in economic condition; changes in consumer tastes and fashion trends; labor and benefit costs; legal claims, risk inherent to international development (including currency fluctuations); the continued ability of the Company and its franchisees to obtain suitable locations for new salon development; governmental initiatives such as minimum wage rates, taxes and possible franchise legislation; the ability of the Company to successfully identify, acquire and integrate salons and beauty schools that support its growth objectives; the ability of the Company to maintain satisfactory relationships with suppliers; or other factors not listed above. The ability of the Company to meet its expected revenue growth is dependent on salon and beauty school acquisitions, new salon construction and same-store sales increases, all of which are affected by many of the aforementioned risks. Additional information concerning potential factors that could affect future financial results is set forth in the Company's Annual Report on Form 10-K for the year ended June 30, 2006 and included in a Form S-3 Registration Statement filed with the Securities and Exchange Commission on June 8, 2005. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. However, your attention is directed to any further disclosures made in our subsequent annual and periodic reports filed or furnished with the SEC on Forms 10-K, 10-Q and 8-K and Proxy Statements on Schedule 14A.

Contact:

Regis Corporation, Minneapolis
Jack Nielsen, Director, Finance, 952-806-1765
or
Leann Dake, Director, Communications, 952-947-7481
or
Evans Larson Communications
Susan Evans, 612-338-6999