BRAVADA International Says It Will Not Issue New Common Stock for Capital Considerations as Long as It Perceives Its Stock Price to Be Undervalued

BRAVADA International Says It Will Not Issue New Common Stock for Capital Considerations as Long as It Perceives Its Stock Price to Be Undervalued

LOS ANGELES--(BUSINESS WIRE)-- BRAVADA International Ltd. (www.OnlyLeggings.com) (Pink Sheets:BRAV) announced today that it has no plans to issue any new common stock for capital considerations as long as it perceives its stock price to be undervalued. The Company has made this determination from a number of criteria. First and foremost is that free cash-flow from operations continues to increase and significant growth can be derived from this alone as demonstrated in its fiscal year 2012 where the Company experienced 250% revenue growth and yet did not issue even one share of its common stock in 2012.

The other consideration for not diluting its common stock is from a pure evaluation metric. The Company believes that given its valuation, growth rate, margins and forward-looking value, a sales multiple of 8-12 times can be argued easily and that any dilution significantly below the Company’s evaluation and growth potential would harm the Company and shareholders. Fiscal year 2012 revenue was $3,476,066.50, and the Company believes that fiscal year 2013 could see the same kind of growth rate (250%) as 2012. With a current market capitalization of just over one (1) times 2012 revenue and one-half (0.5) 2013 revenue, it would be irresponsible to issue common stock for capital at this evaluation. Shareholders should expect that most, if not all, profits will go to growing BRAVADA International whether it is to increase our retail store footprint or growing online sales, profits will be reinvested into growth.

“We are and always will make determinations that make sense for shareholders to ensure maximum value is achieved in our common stock,” replied Danny Alex, CEO of BRAVADA International. “To issue common stock for capital at a market capitalization that we feel significantly undervalues the Company harms all shareholders. New investors must acquire a position, big or small, from the open market as the Company will not issue new common stock for capital at these evaluations.”

About BRAVADA International Ltd.

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 Made in the USA leggings, tights, and bodysuits. OnlyLeggings.com is the largest online leggings superstore for leggings such as faux leather leggings, high waisted leggings, children’s leggings, bodysuits, cotton basic leggings, and more.

www.WorldofLeggings.com
www.Facebook.com/WorldofLeggings
www.OnlyLeggings.com
www.BasicallyCotton.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. 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.

World of Leggings is a Registered Trademark of BRAVADA International, All Rights Reserved



BRAVADA International Ltd.
Danny Alex, CEO
323-424-4195
Bravada@BravadaLtd.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

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