BGI Announces 157% Increase in Net Income for the Quarter Ended June 30, 2005.AUSTIN, Texas -- BGI BGI Barclays Global Investors BGI Bainbridge Graduate Institute BGI Bureau Gravimétrique International BGI Borland Graphic Interface (File Name Extension) BGI Bridgetown, Barbados - Grantley Adams International , Inc. (Pink Sheets:BGII BGII Baldur's Gate II: Shadows of Amn (computer game) ) today released unaudited June 30, 2005 and 2004 financial results. Revenue increased 133% to $1,261,695 for the quarter ended June 30, 2005 as compared to $540,428 for the quarter ended June 30, 2004. The company recorded Net Income of $345,051 for the quarter ended June 30, 2005 as compared to a Net Income of $134,393 for the quarter ended June 30, 2004. Earnings per share were $0.03 for the quarter ended June 30, 2005 as compared to $0.01 for the quarter ended June 30, 2004. For the six months ended June 30, 2005 revenue was $2,342,732, a 149% increase over the six months ended June 30 2004. Net income was $499,050, a 187% increase over the six months ended June 30, 2004. Earnings per share doubled to $0.04 for the six months ended June 30, 2005. Bill Schwartz, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , commented, "We had a very good second quarter and hope to continue building on that success for the remainder of the year." He continued, "The accountants are putting the finishing touches finishing touches finish npl the finishing touches → der letzte Schliff finishing touches npl → ultimi ritocchi mpl on the complete financial statements and we anticipate having them posted on www.pinksheets.com in about a week." Statements that BGI may publish, including those in this announcement that are not strictly historical, are "forward-looking" statements made under the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are inherently unreliable and actual results may vary. Factors which could cause actual results to differ from these forward-looking statements include but are not limited to changes in the competitive marketplace, changes in the regulatory environment and economic conditions. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. About BGI, Inc. BGI, Inc. (http://www.bgicorp.com) is a gaming company that designs, distributes and markets sweepstakes-driven gaming products. The Company's primary products -- the Charity Station sweepstakes machine and the Lucky Strike Phone card machine -- use a sweepstakes game as an incentive to help non-profit organizations raise funds and sell phone cards, respectively. BGI, Inc. was founded in 1994 and has offices in Austin, Texas. The Company currently trades on the OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets under the symbol BGII. |
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