BrandPartners Group, Inc. BPTR
BrandPartners Group Inc. (OTCBB: BPTR) provides a range of brand-building services and products to retail banking and traditional retail sectors through its wholly owned subsidiaries, BrandPartners, BrandPartners Europe, and Grafico Incorporated.
BrandPartners Group is committed to achieving profit growth through both acquisitions and organic growth. BrandPartners Group enhances the value of its investments in the companies by providing them with capital to finance their growth, facilitating subsidiary managements to maximize their operating strengths and assets in their particular marketplaces, and leveraging the synergies of the extensive network of business contacts for the benefit of all partner companies.
BrandPartners Group was originally incorporated in New York in 1984 under the name Financial Performance Services Group, Inc. and at that time it was primarily engaged in offering banking institutions a range of proprietary sales and marketing products, strategic planning and product consulting services and financial software products. The company reincorporated in Delaware in 2001 under the name BrandPartners Group, Inc.
On January 16, 2001, BrandPartners Group acquired Willey Brothers, Inc., a leader in the design and implementation of retail environments for commercial banks and financial services firms. In April 2005, Willey Brothers changed its name to BrandPartners to align its identity with its corporate parent and to better reflect the company's expanding range of brand-building services. BrandPartners Group founded BrandPartners Europe, based in London, in 2005 to spearhead expansion into international markets.
In May 2005, BrandPartners Group formed Grafico International, to diversify its target markets reach. With offices in Stamford, CT, New York City and White Plains, NY, Grafico is a full-service advertising and marketing communications firm with a particular emphasis on sub-prime retail financial service centers.
BrandPartners Group's principals have a long track record of investing, managing, and financing companies, as well as recognized expertise in branding and brand building.
James Brooks, Chairman, President, Chief Executive Officer
Cliff Brune, Director - Chair of Audit Committee and Chair of Compensation Committee
Richard Levy, Director
J. Weldon Chitwood, Director
105 S. Bedford Rd., Suite 313
Mt. Kisco, NY 10549
Fax: (914) 244-4458
Common stock, $.01 par value;
authorized; 100,000,000 shares
issued 37,675,930 (diluted) as of 05/15/2008
BrandPartners Announces 1st Qtr '08 Results
BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), a provider of integrated environmental and customer experience solutions to the retail financial services industry, today announced a summary of its 10Q results for the quarter ended March 31, 2008.
The Company's revenues during the first quarter ending March 31, 2008 were $9.2 million versus $13.9 million during the first quarter ending March 31, 2007.
In addition, first quarter 2008 results included: Operating income of $835,393 versus operating income of $761,695 during the same period last year.
Net Income of $536,320, or $.01 per fully diluted share, versus Net Income of $445,165, or $.01 per fully diluted share, for the same period last year.
Gross margin was 30% versus 23.3% for the same period last year.
Selling, general and administrative expenses were $1.9 million versus $2.5 million during the same period last year.
Interest expense of $299,073 versus $316,530 during the same period last year.
"Although our first quarter revenues were lower than the first quarter revenues in 2007, the major cost-cutting initiative implemented in the latter part of 2007 resulted in a profitable quarter as a result of a higher gross margin and lower sales, general and administrative expenses. During the first quarter, we continued to execute our business plan, including launching new initiatives in sales and marketing, information technology, operations and service delivery procedures. Consequently, though our client base, the financial services industry, remains under pressure due to the credit crunch, our employees have worked to increase our pipeline of opportunities with existing clients and prospects, and we believe that our profitability will improve in 2008 ", stated James F. Brooks, BrandPartners' CEO.
About BrandPartners BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), through its wholly owned subsidiaries provides an integrated approach to customer environments through brand translation, business strategies, 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 2,000 companies at more than 30,000 retail locations. The company serves its clients from its Rochester, New Hampshire headquarters and regional U.S. offices.
Cautionary Language Statements in this news release that are not statements of historical or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act 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.