His Stores are burning through cash faster then a shark on a fish.Unfortunately conventional financing is almost impossible to get these days. If the CEO closed those store down and did everything over the Internet on these websites that he creates on his own then IMHO this would be a very profitable company. He would have no costs as he builds develops all the websites and knows how to market them.Look at the last Q he can't afford to keep those stores,hence the major slide on the share price. They are gonna just burn and burn cash and drive the company into the ground. If the CEO ever decides to smarten up then shoot I would buy again.
BRAV - Bravada International Ltd. - Page 3
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- Sick Boy
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BRAVADA Records Another Record Month for August with Nearly 200% Month over Month
Revenue Growth and 700% Year over Year Revenue Growth
LOS ANGELES, Sep 06, 2011 (BUSINESS WIRE) -- BRAVADA International Ltd.
(http://www.Bravada.com) (BRAV) announced today that it recorded yet another
record month for August with nearly 200% month over month revenue growth and 700%
year over year revenue growth. BRAVADA's revenue for July 2011 was between
$30,000 - $34,000 with August coming in at $84,000 - $90,000 in gross revenues.
Final figures are not available till after the close of the quarter. BRAVADA sees
September to be yet another record month for the Company and expects each
subsequent month to produce significantly higher gross revenues for the remainder
of 2011.
Growth drivers include all of BRAVADA's ecommerce websites, specifically
BravadaWomen.com, OnlyLeggings.com and FashionDollarStore.com, as well as strong
performance of its BRAVADA Women's Athletica Robertson Blvd location in addition
to unexpectedly strong phone orders. BRAVADA has a number of growth initiatives
planned for its high performance women's activewear, women's workout clothing and
yoga sport line which includes BRAVADA Elite, expansion of its online ecommerce
mall, BravadaWomen.com, as well as initiatives for its BRAVADA Women's Athletica
retail stores. Retail store expansion is expected to resume in the early part of
2012.
BRAVADA's biggest challenge is managing the parameters associated with its rapid
growth. BRAVADA recently hired three new employees to facilitate its rapidly
growing revenue and is implementing a scalable fulfillment architecture designed
to service high volumes of product orders by adding only limited amounts of
resources. This architecture is a software based order, inventory and accounting
based system expected to be functional in the coming weeks. BRAVADA believes that
it can continue its pace of rapid growth for a number of quarters well into
fiscal year 2013 and beyond.
About BRAVADA
BRAVADA owns BRAVADA Women's Athletica, BravadaWomen.com, OnlyLeggings.com and
FashionDollarStore.com. BRAVADA specializes in high performance women's
activewear and Brazilian workout clothing. OnlyLeggings.com is an online
superstore for leggings, cotton leggings, faux leather leggings, metallic
leggings, plus size leggings and more. FashionDollarStore.com is an online
women's fashion superstore specializing in high end women's fashion. It's a
women's clothing sale everyday at FashionDollarStore.com.
http://www.BravadaWomen.comhttp://www.OnlyLeggings.comhttp://www.FashionDollarStore.comhttp://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 can be identified by phrases such as BRAVADA
"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.
SOURCE: BRAVADA International Ltd.
BRAVADA International Ltd.
Danny Alex, CEO
310-717-1003
Bravada@BravadaLtd.com
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Revenue growth of 600% - 700%! LOS ANGELES--(BUSINESS WIRE)-- BRAVADA International Ltd. (www.Bravada.com) (Pink Sheets:BRAV.pk - News) announced today that it expects triple digit revenue growth to continue through fiscal year 2012 and is providing full year 2012 revenue estimates as well as 2011. BRAVADA estimates its revenue to be as follows:
Fiscal Year 2011:
$775,000 - $ 850,000
Fiscal Year 2012:
$3,500,000 - $ 4,500,000
BRAVADA anticipates 2011 year over year revenue growth of between 600% - 700%; BRAVADA reported revenue in 2010 of $112,717.40 with a 2011 revenue range of $750,000 - $850,000.
BRAVADA anticipates 2012 year over year revenue growth of 500%+ given its current projected results, existing revenue growth trends with estimates of $3,500,000 - $4,500,000.
BRAVADA Revenue estimates are predicated on United States GDP growth of between 0% - 1.0%. BRAVADA believes that an acceleration in economic activity can have a material impact on its estimates.
Daily revenue in September 2011 has been between $3,500 - $4,500 and accelerating post Labor Day. BRAVADA has a number of significant growth initiatives planned and because BRAVADA deals with the law of small numbers, actual results may vary from estimates provided. BRAVADA is strategically planning the release of its BRAVADA Elite women's activewear, sexy workout apparel and yoga clothes line that it expects will fuel revenue growth. In addition, its ecommerce online strategy has been performing well beyond expectations and additional growth is expected. BRAVADA previously announced that it believes that OnlyLeggings.com can reach monthly revenue of $250,000+ monthly.
In addition, growth drivers include BravadaWomen.com and expansion of its BRAVADA Women's Athletica Retail store operations. BRAVADA has a number of growth initiatives planned for its high performance women's activewear, workout clothes and yoga sport line which includes BRAVADA Elite, expansion of its online ecommerce mall, BravadaWomen.com, as well as initiatives for its BRAVADA Women's Athletica retail stores. Retail store expansion is expected to resume in the early part of 2012.
Due to BRAVADA's huge revenue growth in August and September, it has had to delay its marketing plans for its women's ecommerce women's fashion store, FashionDollarStore.com, so that capacity can be increased to ensure it can service that growth, however, sales have been exceeding expectations nonetheless.
BRAVADA is completing upgrades to its online fulfillment center that will allow it to process up to $12,000 daily with retail store capacity of $15,000 daily. BRAVADA is looking to triple its capacity by the early part of 2012 which will most certainly include a dedicated facility for online order fulfillment.
"BRAVADA is experiencing incredible growth in an economy that is one of the worst since the Great Depression," replied Danny Alex, CEO and Founder of BRAVADA. "I prepared BRAVADA for this economy and we are proving that our strategy was right on the money in every way. BRAVADA is a proud American company inspired by our culture of 'Getting Excited About Being You.' We look forward to going head to head with our Canadian competition, lululemon in 2012 and will prove that BRAVADA's California inspired women's workout, yoga clothes and sexy gym wear is a culture of positivity that cannot be stopped because it's all about people. The BRAVADA culture is about everything we are as an individual and being inspired by the person inside us all and that is a powerful notion when applied. The BRAVADA Culture of 'Getting Excited About Being You' is infectious and BRAVADA is inspired by all women across middle America that want to do better for themselves."
About BRAVADA
BRAVADA owns BRAVADA Women’s Athletica, BravadaWomen.com, OnlyLeggings.com and FashionDollarStore.com. BRAVADA specializes in high performance women's activewear and Brazilian workout clothing. OnlyLeggings.com is an online superstore for leggings, cotton leggings, faux leather leggings, metallic leggings, plus size leggings and more. FashionDollarStore.com is a online women's fashion superstore specializing in high end women's fashion. It's a women's clothing sale everyday at FashionDollarStore.com.
www.BravadaWomen.com
www.OnlyLeggings.com
www.FashionDollarStore.com
www.Bravada.com
- pooshda
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I decided to buy some shares, the revenue increases look promising but I am a complete newb so I probably don't have a clue what I am talking about... although I think he should hire me to re-design his websites, they're not terrible but they're not that good either (yet sound very successful)... I'd do it for 20,000 shares an hour.
if his eCommerce sites had a high-end look and feel to them I bet it would drive in even more business, it's pretty funny how many people base their decisions on what websites to buy things on based on the user experience.
Edited by pooshda - 9/12/11 at 1:36pm
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Hope you made the right decision. Whats wrong with this picture is the CEO gave no earnings guidance only revenue. He burns through cash like a vulture on a dead cow. If he ever heard you wanted to re do his websites he would freak out! He does all the websites on his own and IMHO nobody can do them better. The man is a control freak and can't be trusted.He is using the public vehicle as his own printing press and pretty soon he will be on 1 billion shares outstanding. All in my opinion.
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Thanks for the heads up, it won't be a big deal to me if it ends up being a bad purchase though I am not moving very much money around at the moment still experimenting and learning the stock market as I just started last week with a very modest amount of money in my account. Right now I am just learning through trial and error. When I have a better grasp on everything and get more comfortable I will probably start making more informed decisions with more prominent amounts of money but that won't be for some time. I'm used to monetary swings (part time poker player) so if I blew my small investment on a bad purchase I won't feel it anyway. :)
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Thanks for the heads up, it won't be a big deal to me if it ends up being a bad purchase though I am not moving very much money around at the moment still experimenting and learning the stock market as I just started last week with a very modest amount of money in my account. Right now I am just learning through trial and error. When I have a better grasp on everything and get more comfortable I will probably start making more informed decisions with more prominent amounts of money but that won't be for some time. I'm used to monetary swings (part time poker player) so if I blew my small investment on a bad purchase I won't feel it anyway. :)
I threw 5k in this too, i figured the odds are close to the same as betting colors on a roulette table but i'm not near a casino right now lol
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Sorry about that bud the earnings came out after mkt close today. Revenues were fantastic but again the spending by the CEO is totally out of control. 41k for postage among other things? Come on already peps don't see the fleecing here. So the CEO is smart stating he is putting out 4th QT guideline tomorrow. He knows that should help the whipping the market is gonna give him. I hubbers have no clue as to what the stock market sees in those numbers. I really feel the intent here is for the Company to use the public company as a front. So guess we see if that guidance PR will work.
All above is my opinion only.
- steppin-out
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Well afraid I was right on with my last comment. The CEO puts out 2012 guidance for revenues only,he should have included what he anticipates with earnings I mean 6 to 7 million in revenue should put BRAV in the black,at least one would think. He says those revenue figures are conservative??? Give me a break lol. But he could have softened the blow by putting out something about turning a profit at least for 2012. The CEO is a firecracker that's for sure,he knew the stock was gonna get a royal dumping because he is a stock market guy from Vancouver and not some dumb idiot from I-hub. I call BRAV fleece city.
All above is my personal opinion.
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LOS ANGELES, Mar 06, 2012 (BUSINESS WIRE) -- BRAVADA International ( www.OnlyLeggings.com ) BRAV +6.90% 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(TM) 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.
This has caught my interests. Any thoughts? They gave some revenue numbers stepping-out.
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You need to be very very careful.The CEO is a fraud IMO,look at what he is doing with the dilution along at where he is spending shareholder money.My God he spent almost as much as he took in! He opens these stores just so he can take losses. He is just about maxed out of shares @ 700 mil outstanding with 750 authorized. Look for additional shares to be authorized. I envision he will never make a profit nor does he want to. He is flooding the shares with dilution and when investors find out that he authorized more shares expect a sever spanking back down to the 002 003 level. imo
Personally and imo you can do much better with other sub and penny stocks.
Best of luck to you
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- BRAV - Bravada International Ltd.
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