BRAVADA International Reports an EBITDA Profit of $155,397.84 in Q1, 2013, a Year Over Year Increase
BRAVADA International Reports an EBITDA Profit of $155,397.84 in Q1, 2013, a Year Over Year Increase of 1500% on Revenue of $1,202,395.66
LOS ANGELES--(BUSINESS WIRE)-- BRAVADA International Ltd. (www.OnlyLeggings.com) (Pink Sheets:BRAV) announced today that it reported an EBITDA profit of $155,397.84 in the first quarter of 2013, compared to a EBITDA profit of $9,697.69 in the previous year, a 1500% increase. Revenue in the quarter was $1,202,395.66 compared to $773,179.59 a year previous.
Notable items in Q1, 2013 was a decrease in advertising costs of $67,014.76 as compared to Q4, 2012, BRAVADA's International's seasonally strongest quarter with revenue coming in at relatively the same, $1,202,395.66 for Q1, 2013 as compared to $1,239,246.06 in Q4, 2012.
"We delivered another strong quarter in Q1, 2013 and we continue to be efficient at controlling our costs and maximizing revenue", replied Danny Alex, CEO of BRAVADA International. "There are many things that we have planned that will allow us to build strong momentum through the year and into the fourth quarter. The launch of the all new Onlyleggings.com was only the start of many more things to come."
Full financial results can be found at www.otcmarkets.com.
BRAVADA International expects to be a "Current" filer in the second quarter of 2013.
About BRAVADA International Ltd.
BRAVADA owns and operates World of Leggings, WorldofLeggings.com, and OnlyLeggings.com. World of Leggings is a real world women's leg fashion superstore that specializes in Made in the USA leggings and bodysuits. OnlyLeggings.com is an online women's fashion superstore for leggings such as faux leather leggings, high waisted leggings, and basic leggings as well as women's tops, shorts and more.
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 can be identified by phrases such as BRAVADA "believes," "intends," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. 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.
BRAVADA International Ltd.
Danny Alex, CEO
KEYWORDS: United States North America California
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