BrandPartners Announces Results for Q2 2005; Company Reports Highest Revenues Earned for a Second Quarter in the Company's History and Sixth Consecutive Profitable Quarter; Fully Diluted EPS of $.02.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 -- BrandPartners Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BPTR), a provider of integrated retail environment services to 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 other retail companies, has filed its 10-Q for the three months ended June 30, 2005. The Company's revenues were $12.6 million compared to $11.3 million during the same period last year, an increase of $1.3 million and the highest revenues earned for a second quarter in the Company's history. In addition the second quarter included: --Operating income for the 3 months ended June 30, 2005 of $1.0 million versus $1.2 million during the same period last year. --Net Income for the 3 months ended June 30, 2005 of $.7 million, or $.02 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 $1.0 million or $.03 per fully diluted share during the same period last year. --Non-cash interest, non-recurring charges, and expenses were $317,202 including expenses for the start-up Start-up The earliest stage of a new business venture. of BrandPartners Europe in 2005 versus $3,846 during the same period last year, Year to date for the six month period ended June 30, 2005, the Company reported revenues of $27.1 million versus $27.0 million during the same period last year; $3.1 million in 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. versus $3.1 million during the same period last year; and, $2.5 million of net operating income versus $2.7 million during the same period last year. In addition, non-cash interest, non-recurring charges, and expenses were $574,644 versus $46,890 during the same period last year, including expenses of approximately $289,000 for the start-up of BrandPartners Europe in 2005.. "Our revenues in our most recent quarter grew to a historic high for a second quarter for the Company, and we continue to see significant sales pipeline opportunities in our core business, BrandPartners Retail, and at our new subsidiaries, BrandPartners Europe and Grafico, Incorporated. We believe that the strategic plan to diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. the Company into new products and new markets and to continue growing our revenues and earnings is on track. We are committed to investing in the necessary sales, marketing, customer support and related capital resources we believe are necessary to position the Company to achieve those objectives. In addition, our backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. on August 1, 2005 was approximately $28 million. " said James F. Brooks, BrandPartners' Chief Executive Officer. About BrandPartners Group, Inc. BrandPartners Group, together with 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. BrandPartners Retail, BrandPartners Europe, and Grafico, Incorporated is a design, architecture and marketing Company creating retail environments through a range of integrated financial facility solutions and services. The Company's comprehensive suites of services include Branch Planning, Architecture, Facility Construction, Market Intelligence and Consulting, Strategic Business Planning, Brand Translation, and Retail Merchandising merchandising Element of marketing concerned especially with the sale of goods and services to customers. One aspect of merchandising is advertising, which aims to capture the interest of the segment of the population most likely to buy the product. . The Company provides the design and branding needs of institutions of all sizes, including worldwide, regional and community banking. The Company has provided its design, architecture, and/or marketing expertise to more than 1,600 financial services companies, touching more than 24,000 branches of U.S. financial institutions. Cautionary Language Statements in this press 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. Such factors include among others: the Company's ability to successfully complete contracts and receive timely payment, continued services of executive officers of the Company and its subsidiary; its ability to identify appropriate acquisition candidates, finance and complete such acquisitions and successfully integrate acquired businesses; changes in its business strategies or development plans; competition; and its ability to grow within the financial services industries. 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 registration statements filed with the Securities and Exchange Commission. |
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