BRAVADA Continues its Rapid Growth with an Expected 200% Quarter Over Quarter Revenue Growth in Q4 2011.
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."
About BRAVADA International Ltd
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. OnlyLeggings.com is an online leggings superstore for leggings such as women's leggings, faux leather leggings, cotton leggings and high waisted leggings.
www.BravadaWomen.com www.OnlyLeggings.com www.Bravada.com
This news release may contain statements about future expectations, plans, prospects or performance of BRAVADA International Ltd that constitute forward-looking statements for purposes of the safe harbor Provisions within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as BRAVADA or its management "believes," "intends," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. `