Bravada International, Ltd. (PN) (USOTC:BRAV)
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5 Years : From Jun 2012 to Jun 2017
BRAVADA International (www.OnlyLeggings.com)
(Pink Sheets:BRAV) announced today that it will be providing added
detailed reporting of its quarterly financial results beginning in
fiscal year 2012 that will include a breakdown of revenue on a per store
basis, detailed expense reporting and more. The change comes as BRAVADA
recently hired a full time financial controller / office manager which
will allow it to provide investors with greater detail with respect to
its quarterly financial results as well as even faster reporting after
the close of a quarter. Prior to having a full time in-house controller,
BRAVADA utilized a part time in-house accountant on a contract basis.
In addition, BRAVADA’s new financial controller requires additional time
in completing fiscal year 2011 and Q4 2011 financial results as she has
been with BRAVADA only since early February of this year. Investors can
rely on BRAVADA’s revenue guidance for fiscal year 2011 and Q4 2011 as
an indication of its expected financial results. BRAVADA expects to
release its 2011 annual report on March 6, 2012.
Thus far, financial results for Q1 2012 have been tracking ahead of
expectations and BRAVADA is revising its Q1 2012 revenue guidance
upwards as follows:
Previous Q1 2012:
$650,000 – $ 725,000
Revised Q1 2012:
$715,000 – $ 800,000
“In prior statements I told investors to expect sustained pro forma
profitability beginning in Q4 2011; however, BRAVADA has done even
better than expected,” replied CEO Danny Alex. “We have continually
raised our revenue guidance and cash flow from operations has allowed us
to expand our business. We have had no need to issue any equity or debt
to achieve these results in almost 4 months. This is the best indicator
that investors can use to see the growth in our business and added
detail in our financial reporting beginning in 2012 will further display
the strength of our business.”
BRAVADA’s (World of Leggings) revenue growth has been in part driven by
an expansion in its overall product offering which now includes casual
and sexy bodysuits, an
size leggings selection, harem leggings, bell
bottom leggings and even high
waisted shorts for the Spring and Summer. World of Leggings and
OnlyLeggings.com intend to be major trend setters in legging and
bodysuit styles for women.
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
waisted leggings and more.
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.