Bravada International, Ltd. (PN) (USOTC:BRAV)
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5 Years : From May 2013 to May 2018
BRAVADA International (www.OnlyLeggings.com)
(Pink Sheets:BRAV) announced today that the opening of its third
World of Leggings retail store is to be expedited as revenue growth has
grown to near operating capacity with current infrastructure. Online
revenue from its online leggings
superstore, OnlyLeggings.com, has continued to grow in early 2012 with
February sales expected to eclipse that of even December 2011 sales.
This has the current online fulfillment center operating at near
capacity with limited slack remaining. Some slack remains in the retail
side of the World of Leggings retail stores; however, both stores have
seen increasing sales figures, which are again expected to be higher
than that of December 2011.
BRAVADA currently operates its online fulfillment operations out of a
400 square foot space in its Melrose retail store. With sales of almost
$100,000 in February so far for its online operations alone, the
proposed third store would expand BRAVADA’s fulfillment center to about
1100 square feet and expected daily capacity of up to $25,000 daily.
BRAVADA views this as an “as soon as possible” event and had to delay
the launch of its new online store, WorldofLeggings.com
till late February as a result of capacity constraints.
BRAVADA has been in the process of negotiating on a lease for its third
World of Leggings retail store on 3rd Street in Los Angeles,
which is a 4000 square foot location nearly twice the size of its large
Melrose store. Revenue growth is expected to continue to grow at a
hurried pace and BRAVADA has recently hired additional staff including
an inventory manager, financial controller / office manager and three
(3) additional general retail staff.
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 plus size
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.