BRAVADA Records Record Revenue in 2011 with Nearly
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BRAVADA Records Record Revenue in 2011 with Nearly 900% Revenue Growth Year Over Year & Nearly Triples Revenue Quarter Over Q...
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: 712-432-0075
Access 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.com
www.OnlyLeggings.com
www.WorldofLeggings.com
www.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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