Quote Level 2 Charts News Trades Historical Financials Message Board

BRAVADA to Provide Added Detailed Financial Reporting Beginning in Fiscal Year 2012 and Raises Q1 2012 Revenue Guidance

Date : 02/14/2012 @ 4:05AM
Source : Business Wire
Stock : Bravada International, Ltd. (PC) (BRAV)
Quote : 0.0041  0.0 (0.00%) @ 5:00PM

BRAVADA to Provide Added Detailed Financial Reporting Beginning in Fiscal Year 2012 and Raises Q1 2012 Revenue Guidance

Bravada International, Ltd. (PC) (USOTC:BRAV)
Historical Stock Chart

3 Years : From Jul 2011 to Jul 2014

Click Here for more Bravada International, Ltd. (PC) Charts.

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 expanded plus 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.

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.



Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.