BRAVADA International Reports Another Profitable Quarter with Continued Strong Financial Results
LOS ANGELES--(BUSINESS WIRE)-- BRAVADA International Ltd. (www.WorldofLeggings.com) (Pink Sheets:BRAV) announced today that it has reported continued strong financial performance and profitability for its third quarter, its seasonally slowest period. Revenues continued to track consistent despite a slowing US economy, election uncertainty and the summer being its seasonally slowest period.
Gross Revenue came in at $672,485.56 with net income (profit) of $25,372.25 for the period. The Company continued to streamline its operations while continuing to expand its business enterprises heading into its seasonally strongest quarters. Full financial results can be viewed at www.otcmarkets.com.
“We continue to demonstrate the strength of our business with our Q3 results,” replied Danny Alex, CEO of BRAVADA International. “As we head into our seasonally strong quarters, we expect our revenue to increase significantly quarter over quarter and believe that we can easily achieve our first $1 Million+ quarter in Q4. We have expanded the business using our free cashflow from operations and have had no dilution in our common stock for over a year. These are obvious signs that our business model is highly successful and continued strong growth should be expected by investors heading into our fiscal year 2013.”
BRAVADA owns and operates World of Leggings, WorldofLeggings.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 leggings such as faux leather leggings, high waisted leggings, tribal leggings, bodysuits, metallic 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 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.
BRAVADA International Ltd.
Danny Alex, CEO
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