BrandPartners Announces Q4 and Fiscal 2005 Results; Company Reports Record Annual Revenues and Reports on Growth Initiatives.ROCHESTER, N.H. -- BrandPartners Group, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : BPTR), a provider of integrated products and services dedicated to providing financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and traditional retail clients with turn-key environmental solutions, today announced a summary of its 10k results for the three-month and fiscal year periods ended December 31, 2005. The Company's fourth quarter revenues were $13.0 million compared to $11.9 million during the same period last year. Revenues for fiscal year 2005 were the highest in company's history at $52.0 million versus a previous high of $50.6 million in 2004. In addition fourth quarter and annual results included: --Operating income for the 3 months ended December 31, 2005 of $34,000 versus $1.3 million during the same period last year; Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. for fiscal year 2005 was $3.6 million versus $6.1 million during fiscal year 2004. --Net Loss for the 3 months ended December 31, 2005 of ($428,000), or ($0.01) per fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share versus Net Income of $1.1 million or $0.03 per fully diluted share during the same period last year; Net Income for fiscal year 2005 of $1.9 million, or $0.04 per fully diluted share versus $5.1 million, or $0.14 per fully diluted share for fiscal year 2004, not including the gain on forgiveness Forgiveness Angelica, Suor is forgiven by the Virgin Mary for ill-considered suicide. [Ital. Opera: Puccini, Suor Angelica, Westerman, 364] Bishop of Digne of debt. --Gross margins for the 3 months ended December 31, 2005 were 21.5% versus 36% during the same period last year; Gross margins for fiscal 2005 were 28.3% versus 30.8% for fiscal 2004. --Sales, general and administrative expenses for the 3 months ended December 31, 2005 were $2.8 million versus $3.0 million during the same period last year; Sales, general and administrative expenses for fiscal 2005 were $11.2 million versus $9.5 million for fiscal 2004. The sales, general and administrative expense increase was attributable in part to the Company's start-up Start-up The earliest stage of a new business venture. of its new Grafico and BrandPartners Europe subsidiaries, increased hiring activity in sales, and higher marketing expenses related to activities for the core business and new subsidiaries. --Interest expense for fiscal year 2005 was $1.1 million versus $1.0 million during fiscal 2004. Also, the company accrued ac·crue v. ac·crued, ac·cru·ing, ac·crues v.intr. 1. To come to one as a gain, addition, or increment: interest accruing in my savings account. 2. for $607,000 of income taxes in fiscal 2005 versus $0 income taxes in fiscal 2004. "Coming into 2005, our primary goal was to build on the revenues of 2004 while positioning BrandPartners for future growth and stability," stated Jim Brooks, 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. of BrandPartners. "During the year we focused heavily on diversifying the Company and developing new sources of future revenue by introducing additional products and services and forming new subsidiaries. At the same time, we continued to focus on increasing the portfolio of clients in our core market, retail financial services." "As a result, we were able to increase revenues above what we achieved in 2004. Even though we reached record revenues during the year, delays out of our control caused several projects in progress to push out additional revenue, and several proposals in the pipeline that were expected to close have carried over into 2006," continued Mr. Brooks. "Our operating results reflect the investments we made in new products, Grafico, and Europe, as well as the project-oriented nature of our business that generates varying degrees of profitability depending upon the scope of projects required by our clients. We believe our pipeline remains strong in our core business as well as in the sub prime retail financial services marketplace served by Grafico, which has recently signed several new clients due to the capabilities and products it is able to offer. Consequently, we believe that Grafico is well positioned to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. the anticipated growth in its core business", concluded Mr. Brooks. As a reminder, BrandPartners will be hosting a conference call this morning at 11:30am EST EST electroshock therapy. EST abbr. electroshock therapy to discuss the company's results and outlook for 2006. The call will be hosted by Chairman, Tony Cataldo and Chief Executive Officer, James F. Brooks. Investors can access the call by calling toll free 800-659-2056 and use passcode 29444635. International callers can dial 617-614-2714 and use the same passcode. The call will be available for replay until May 3rd, 2006 by dialing toll free 888-286-8010 or 617-801-6888. The replay will require use of passcode 78314795. This call is being webcast by Thomson/CCBN and can also be accessed on BrandPartners' website: www.bptr.com The call is also being distributed through the Thomson StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at www.fulldisclosure.com, Thomson/CCBN's individual investor portal, powered by StreetEvents. Institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. can access the call via Thomson's password-protected event management site, StreetEvents (www.streetevents.com). BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. provides an integrated approach to customer environments through brand translations, business strategy, design-build services, retail display and in-branch communications products and services, from concept and design through implementation and training. BrandPartners installations are in more than 1,600 companies at more than 28,000 retail locations. The company serves domestic and international markets from its Rochester, New Hampshire Rochester is a city in Strafford County, New Hampshire, United States. As of the 2000 census, the city population was 28,461, the largest in New Hampshire's Seacoast region. home office, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of design studio, and regional U.S. offices. BrandPartners Group also is the parent company of BrandPartners Europe Ltd. and Grafico, Incorporated. Cautionary Language Statements in this news release that are not statements of historical or current fact constitute "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. " within the meaning 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. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's reports and registrations statements filed with the Securities and Exchange Commission. |
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