BRAVADA Records Record Revenue in 2011 with Nearly 900% Revenue Growth Year Over Year & Nearly Triples Revenue Quarter Over Q...
March 06 2012 - 3:00PM
Business Wire
BRAVADA International (www.OnlyLeggings.com) (Pink
Sheets:BRAV) announced today that it recorded a record year
with nearly 900% revenue growth in 2011. Fiscal year 2011 revenue
was $1,030,155.13 compared to $112,717.40 from the year previous
(2010). The majority of its growth came in the back half of 2011
with significant growth emerging from its online ecommerce site,
OnlyLeggings.com as well as from its brick and mortar stores, World
of Leggings. In early October 2011, BRAVADA converted its Melrose
store to World of Leggings™ and saw an immediate boost to sales, so
much so that by early December, its Robertson Blvd location was
also changed to World of Leggings with similar results. BRAVADA has
continued to grow its revenue given results thus far in the early
part of 2012.
In Q4 2011, the Company nearly tripled (200% growth) its revenue
from Q3 to Q4 in 2011 with $635,674.79 in Q4 as compared to
$221,813.14 in Q3. Results thus far in Q1 2012 show another record
quarter for the Company surpassing its results in Q4 2011
significantly despite a seasonally slow first quarter for the
women’s apparel industry. BRAVADA expects to have a similar fiscal
year 2012 with robust revenue growth and accelerated expansion,
especially in the back half of the year.
“We are extremely pleased with our 2011 results and expect this
trend to continue in 2012,” replied Danny Alex, CEO of BRAVADA.
“Our revenue growth is a very rare event especially with the
current economic climate and I fully intend on continuing this
trend in 2012 and beyond. My goal is to develop World of Leggings
into a retailer with a national presence with a store(s) in every
major market in the United States by 2015. I believe this is an
achievable goal given the sales success at our retail stores and
online properties.”
The Company will host its conference call with shareholders at
2:00 p.m. PT on Wednesday, March 7 with Founder and CEO Danny
Alex.
Phone: 712-432-0075Access Number: 432665
World of Leggings and OnlyLeggings.com provide one of the
largest selections of bell bottom leggings, faux leather leggings,
bodysuits, cotton leggings, specialty leggings and more to the
United States and international markets.
About BRAVADA
BRAVADA owns / operates World of Leggings™, BravadaWomen.com and
OnlyLeggings.com. World of Leggings is a real world leggings
superstore that specializes in all styles of leggings, tights and
bodysuits. OnlyLeggings.com is an online leggings superstore for
women’s leggings, such as basic leggings, high waisted leggings and
more.
www.BravadaWomen.comwww.OnlyLeggings.comwww.WorldofLeggings.comwww.Bravada.com
This news release may contain statements about future
expectations, plans, prospects or performance of BRAVADA
International Ltd that constitute forward-looking statements for
purposes of the safe harbor Provisions within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
These forward-looking statements generally can be identified by
phrases such as BRAVADA or its management "believes," "intends,"
"expects," "anticipates," "foresees," "forecasts," "estimates" or
other words or phrases of similar import. Similarly, statements
herein that describe the Company's business strategy, outlook,
objectives, plans, intentions or goals also are forward-looking
statements. All such forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those in forward-looking statements.
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