BRAVADA continues its rapid growth despite gloomy outlook
BRAVADA International announced that it is continuing its rapid growth with an expected 200% revenue growth quarter over quarter for Q4 2011. This marks another impressive quarter for BRAVADA International Ltd. and the company expects to continue this trend into 2012 with its third World of Leggings store currently in the planning stages, the anticipated launch of WorldofLeggings in early 2012 and continued expansion of its online leggings superstore, Only Leggings.
BRAVADA has had an incredible year of revenue growth despite a negative outlook on the strength of the consumer and the US economy. BRAVADA does not foresee any strengthening in the economy for 2012 however it expects revenue growth of between 200% - 300% for fiscal year 2012. BRAVADA shall provide a release date of its full year 2011 annual report in the coming weeks.
With continued growth in revenues, free cash flow from operations completely funded the transformation and inventory population of its Robertson Blvd. World of Leggings location which is producing very impressive and heightened sales numbers as compared to its former BRAVADA Women's Athletica store.
In addition, BRAVADA continued to clean up its balance sheet and settled a dispute with the Green Leaves Group back in November with the issuance of 30,000,000 shares. BRAVADA also believes that Q4 2011 will mark the first quarter that it will be profitable on a pro forma basis (normalized earnings that exclude onetime charges).
As well, BRAVADA would like to inform shareholders that it expects to engage in several civil legal actions against a number of individuals who have consistently engaged in libel against the Company and its management.
There are currently nine+ individuals that BRAVADA has been monitoring and they include individuals whose screen names are as follows; Taki, Stratey, Divest70, CheersforDA and Y U Axing Me. Due to the severity of their negative and libelous remarks, BRAVADA fully intends on taking civil action against these individuals (as well as others) and recover any and all financial damages, both direct and indirect, that have resulted from the loss of repute from their overtly damaging commentary. This shall be done at a time of BRAVADA's choosing and shall be swift and thorough in its application and execution.
“We are continuing to increase and develop very significant cash flow resources with our continued growth”, replied Danny Alex, CEO of BRAVADA. “Shareholders have placed their own personal money at risk and preserving and growing their investment in BRAVADA is a fiduciary duty that I do not take lightly. "
"We have navigated a very brutal economy to create a company that has a very exciting future and is growing at an incredible rate. I will continue to do all that I can to have this trend continue for shareholders and defend the integrity and reputation of BRAVADA, its shareholders and management through civil legal action against any and all individuals who engage in libel.”
BRAVADA owns BRAVADA Women's Athletica, 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.
BRAVADA International Ltd