Bravada International, Ltd. (PL) (USOTC:BRAV)
Historical Stock Chart
2 Years : From May 2011 to May 2013

BRAVADA International (www.OnlyLeggings.com)
(Pink Sheets:BRAV) announced today that new store openings, website
launches and other organic growth drivers are expected to impact revenue
guidance upwards as they are not included in BRAVADA’s quarterly
projections. When providing quarterly guidance, BRAVADA only includes
revenue drivers that are known and producing. BRAVADA recently provided
revenue guidance of $650,000 – $725,000 for Q1, 2012 and $750,000 –
$825,000 for Q2, 2012 (600% year over year growth) which includes only
the two existing WOL stores and OnlyLeggings.com. BRAVADA does not
include anticipated new store openings, such as the new proposed World
of Leggings (WOL) retail store
on 3rd Street, potential future stores, future website
launches and the like into its guidance until they are open and
operational.
January, which is considered a slow month for retail, is currently
tracking at well over $200,000 in revenue with current Q1 2012
projections at $650,000 - $725,000. In the event that the third WOL
retail store opens and/or WorldofLeggings.com
is launched, revenue guidance will be guided up appropriately as well as
any seasonal benefits that tend to occur in the beginning of February.
“There seems to be some confusion in how BRAVADA determines its
quarterly revenue guidance,” replied CEO Danny Alex. “We only include
those revenue centers that are producing of which there are three: WOL
Robertson, WOL Melrose and OnlyLeggings.com. If we add a new 4000 square
foot WOL location, it would more than double our retail square footage
foot print with an expected commensurate impact on our revenue guidance,
but until it is actually added, it is not included in revenue guidance
as is the case with WorldofLeggings.com. If we plan eight new stores in
2012, none will actually be factored into quarterly revenue guidance
until they are open and operational. This is the prudent way to do our
quarterly guidance and will raise our quarterly guidance as new stores
and websites go online and are operational.”
Mr. Alex continued, “Our WOL retail stores are performing way beyond
expectations, so much so that we have the confidence to expand to other
locations with our first two yielding free cash flow right out of the
gate. We do not know in which quarter we will have new operating
entities established so on a quarterly basis we only include numbers
that we are certain of; however, on a full year basis, we include the
full scope of what we believe is achievable. It is also notable that we
have not raised any funds for general operations in almost three (3)
months, an indication of how quickly this company is growing and using
its resources efficiently.”
BRAVADA maintains its full year 2012 estimate of $6.1 million - $7.0
million in top line revenue and believes that it can even exceed these
estimates with favorable conditions.
About BRAVADA International Ltd
BRAVADA owns and 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 leggings such as
women’s leggings, faux leather
leggings, cotton leggings and high
waisted leggings.
www.BravadaWomen.comwww.OnlyLeggings.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.