BGI Announces 2005 Earnings; Net Income Before Taxes Increases 234%.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 announced unaudited earnings for the year ended December 31, 2005. Revenue increased 111% to $4,855,432. Net income before taxes increased 234% to $1,950,646. Basic earnings per share increased to $0.10. 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 are very excited that we continue to produce growth both organically and through increased machine placement. The table below shows a great trend that we hope to continue."
Q1 2005 Q2 2005 Q3 2005 Q4 2005 Total 2005
----------- ----------- ----------- ----------- -----------
Total
Revenue $1,079,084 $1,263,648 $1,205,852 $1,306,848 $4,855,432
Net
Income
before
Taxes $257,999 $584,438 $500,605 $607,604 $1,950,646
Basic
Income
per
Share $0.01 $0.03 $0.02 $0.04 $0.10
----------- ----------- ----------- ----------- -----------
Q1 2004 Q2 2004 Q3 2004 Q4 2004 Total 2004
----------- ----------- ----------- ----------- -----------
Total
Revenue $400,125 $542,381 $635,699 $715,970 $2,294,175
Net
Income
before
Taxes $39,711 $134,393 $203,002 $205,931 $583,037
Basic
Income
per
Share $- $0.01 $0.02 $0.01 $0.04
----------- ----------- ----------- ----------- -----------
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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. 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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