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Donald Trumps brother owns this Co.?
8K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) April 7, 2010
BrandPartners Group Inc.
(Exact name of Company as specified in its charter)
Delaware 0-16530 13-3236325
(State or Other Jurisdiction) (Commission File Number) (I.R.S. Employer Identification)
of Incorporation)
10 Main Street, Rochester, NH 03839
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (800) 732-3999
N/A
(Former name or former address, if changed since last report)
¨ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 40.13e-4(c))
--------------------------------------------------------------------------------
Item 1.01 Entry Into a Material Definitive Agreement.
Effective April 7, 2010, the Company and its wholly owned subsidiary BrandPartners Retail, Inc. as well as the Company’s wholly owned subsidiaries Grafico Incorporated and Build Partners, Inc. as guarantors entered into a Forbearance Agreement (the “Agreement”) with TD Bank (the “Bank”) the Company’s lender under its revolving credit facility originally entered into May 5, 2005, as thereafter amended (the “Facility”). All of the assets of the Company and the guarantors are pledged to the Bank to secure the repayment of the Facility. The Company had received notice from the Bank, that the Facility was in default and immediate payment of the sums outstanding under the facility were due. The sums outstanding under the facility plus the amount of payroll advance from the deposit account collateral as maintained by the Bank as set forth in the Agreement became outstanding, due and subject to the Agreement.
Under the Agreement the Bank also instituted the default rate of interest in accordance with the terms of the Facility, of prime rate plus five (5%) percent as well fees and expenses.
The terms of the Agreement provided for forbearance on the part of the Bank through May 6, 2010, however in the event the Company failed to repay payroll advances under the Agreement on or before April 15, 2010 or otherwise failed to make payment required under the terms of the Agreement when due, defaulted under the Agreement, further breached the terms of the Facility, was adjudicated bankrupt or insolvent or if the holder of any subordinated lien or encumbrance commenced foreclosure proceedings, then in any of these events, the Bank could accelerate the forbearance period under the Agreement.
Effective April 23, 2010 the Bank requested that the Company sign a Payroll Advance and Termination of Forbearance Period Agreement wherein the Bank advanced an additional $50,000 toward the Company’s payroll in exchange for transfer of title to two (2) vehicles owned by the Company and terminated the Agreement with no further advances to the Company, which caused the Company to terminate all but seven (7) of its employees and discontinue its business operations as a result of not receiving additional funding from the Bank. The seven employees have subsequently been terminated by the company. Thereafter by notice dated April 27, 2010 the Bank as the senior secured party served on the Company and its subsidiaries a Debtors Notification of Disposition of Collateral wherein the Bank intended to sell on May 10, 2010 all of the collateral pledged to the Bank to satisfy the debt due to the Bank. The Company anticipates that there will be a deficiency in the debt due to the Bank, and that the Bank will not be repaid in full. The Company has ceased all active business operations.
Additionally, effective April 16, 2010 the Company and its wholly owned subsidiary BrandPartners Retail, Inc. and Grafico Incorporated did not make an interest payment pursuant to Waiver and Amendment No. 6 to the Note originally issued and sold to its subordinated lender Corporate Mezzanine II L.P. (the “Subordinated Lender”) on October 22, 2001. The Company is in default under the Note.
As a result of the defaults the Company is indebted to the Bank for approximately $3 million and approximately $7.5 million to its Subordinated Lender.
Item 1.02 Termination of a Material Definitive Agreement.
See Item 1.01 above.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
See Item 1.01 above.
Item 2.04 Triggering Events that Accelerate or Increase a Direct Financial Obligation of an Obligation under an Off Balance Sheet Arrangement.
See Item 1.01 above.
--------------------------------------------------------------------------------
Item 2.06 Material Impairments.
See Item 1.01 above.
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
Effective April 16, 2010 the Company failed to timely file its Form 10-K Report with the Securities and Exchange Commission and as such the Company’s common stock which is quoted on the Over the Counter Bulletin Board (“OTCBB”) failed to meet the OTCBB eligibility requirements and as such the Company’s trading symbol was changed from BPTR to BPTRE. Should the Company fail to timely comply with OTCBB eligibility requirements, the quotation of the Company’s common stock will be removed from the OTCBB.
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BRANDPARTNERS GROUP INC.
Date: May 12, 2010
By /s/James F. Brooks
James F. Brooks, Chairman of the Board
--------------------------------------------------------------------------------
Stock down but volume is coming up could be the start of a rally
Its pulling back a little today time to load the dips still thin IMO
Lets see if we can get this moving...chart primed for some sustained gains
Store in a Box newest company from brandpartners is the wildcard here if they are generating ales we could see some real movement after the filing.
From my understanding we should see the filings on or before the 14th of May.
The company did close doors in NH on April 16th but they have two other companies from purchases in Feb of this year. The story is large here and not easy to follow but interesting none the less.
So much room for growth in this. I think shorts are screwed from the sudden rise in pps. Can you imagine once real volume hits this?
Not bad good close nice and green I think we see even better days as shorts will need to cover this.
I had no idea Donald Trumps brother was the largest share holder of this company. It looks like it may end up being a shell but that could be better than the current program. This has all kinds of mysteries. Im in for a lotto why not could pull some major coin here.
MUST Read if you plan to invest:
Great read on this company and the reason it is trading the way it is.
Unraveling the tangled tale of BrandPartners
Friday, May 7, 2010
By Bob Sanders
[CORRECTED] Rochester-based BrandPartners Group Inc. shut its doors last month — throwing more than 80 people out of work – because it couldn’t pay millions owed to Kuwaiti lenders on a high-interest loan arranged nearly a decade ago by a former chief executive who later committed suicide, according to current chief executive James Brooks.
Brooks, speaking out for the first time since the company shut its doors, blamed TD Bank for not helping the company obtain other financing.
“TD Bank is at fault for everything that happened recently, but this problem didn’t develop in the last three months,” Brooks told NHBR. “This problem has been going on for nine years. They were ready to put this thing in bankruptcy. This company should have been dead in 2002 or 2003. It was a mess.”
TD Bank spokesperson Jennifer Morneau would not respond to specifics about BrandPartners, citing confidentially, but she said, “TD Bank does our best to support our business customers. It is in our best interest to see that they succeed.”
BrandPartners was responding to an investigation by NHBR into the public records of the company, whose stock is still traded over the counter for less than penny a share. Here are few of the major facts:
• BrandPartners shut it doors on April 16, the day after a more than $7 million payment was due to a British Virgin Islands company that carried the 18 percent loan for nine years. (Brooks said that the money came from Kuwaiti lenders.)
• The loan is the reason that Brooks “intended to drain BrandPartners of all significant assets, thus leaving an empty shell for BrandPartners’ creditors and shareholders,” charges a suit filed last December in federal court. Brooks said that statement was a “slanderous lie” made by a disgruntled employee.
• The company lost at least $18 million over the past four years, and as of Oct. 31 had $341,000 in cash and at least $6.8 million in current liabilities. Indeed, $10 million of the company’s $15 million in assets was “goodwill,” without which the company would have a negative equity.
• BrandPartners acquired two companies in early 2010, paid Brooks more than $500,000 in compensation last year, and up to last year was paying the chair of the board’s audit and compensation committee $180,000 annually in consulting fees on top of his board salary.
• BrandPartners raised hopes in February — two months before it shut it doors — saying in a filing with the Securities and Exchange Commission that it had $4.6 million in new agreements and $930,000 in letters of intent.
• The company furloughed 30 workers in March, putting it under the threshold level of 75, so it did not have to give any notice to workers under the state’s new WARN law. The state Department of Labor is investigating whether the company complied with that law.
• BrandPartners shut down even though it had connections to well-known billionaire families. Its largest stockholder was and still could be Robert S. Trump (brother of developer and television personality Donald Trump) and last year it signed a strategic alliance with Rockefeller Consulting Group/Insight Capitalists, led by Mark Rockefeller, son of the late New York Gov. Nelson Rockefeller.
The deeper anyone looks into this company’s apparent demise, the more mysteries pop up — mysteries that are difficult to solve, since many of those involved could not be reached or did not return phone calls.
Several said they were worried about Brooks suing them. For his part, Brooks said that he is the victim of “tremendous lies.”
Trump ties
BrandPartners was not a fly-by-night operation by any means.
The Rochester company – then named Willey Brothers — was founded by Thomas P. and James Willey in 1983 to create retail environments for banks. In January 2001, they sold it for $35.7 million to the BrandPartners firm led by Jeffrey Silverman, a successful, but somewhat notorious, businessman.
Silverman, whose father reportedly sent him to nursery school in a limousine, at 21 was the youngest member of the New York Stock Exchange and got caught up in a tabloid triangle that brought down New York Chief Judge Sol Wachtler.
When Silverman bought BrandPartners from Robert Trump, he was fresh off the sale of Ply Gem for a $100 million profit.
(According to latest proxy statement, as of March 2009, Robert Trump still had 11.5 percent interest in BrandPartners, making him the largest shareholder. There is no record of his sale of any stock, and attempts to leave messages at Trump Management Co. in Brooklyn, or his brother’s The Trump Organization were not successful. Brooks said that Trump is just an investor and has shown no interest in salvaging the company.)
This highly leveraged buy out — good for the Willey brothers – put the company in trouble from the get-go, said Brooks. The company had $14 million in debt from a commercial loan from Fleet Bank. One month after the economy tanked in late 2001 and early 2002, Silverstein turned to the Kuwaitis for a subordinate stopgap loan to prevent the company from going under.
The loan went to Corporate Mezzanine II, LP, a company based in the Virgin Islands.
“We were shutting down … but instead of getting equity in the company, he went out and got this crazy 16 percent loan. It is the most ludicrous thing you can do with a company. It goes against any practice you learn in business school. If you can’t pay back 6 or 8 percent, you don’t go out and get a loan for twice that mount,” Brooks said.
The BrandPartners deal went sour for Silverman for other reasons: untimely investments in an Internet company and a struggling economy.
The stock slipped from $13 a share to under a quarter and Silverman’s own stake plummeted from $6 million to $260,000. Shareholders filed a class action suit and on Sept. 23, 2002, Silverman shot himself in the chest on a fishing pier in Greenwich, Conn., according to police.
Only two months later, BrandPartners announced that Silverman paid himself nearly $400,000 in unauthorized compensation and reimbursements for personal expenses.
Brooks, a Harvard Business School graduate who currently lives in Greenwich, took over the company about a year later.
Destructive loan
Brooks had his own share of troubles. He was senior vice president of operations, business development and legal affairs of Cityspree Inc., an online company — launched in 2000 with about $21 million from the equity arm of the Rothschild family — that offered gift certificates, but Cityspree oversold the certificates, restaurants refused to honor them and the company filed for Chapter 13 bankruptcy in October 2001, which is when Brooks left.
He went on to become a consultant with Getzler & Co., a national management and financial consulting firm specializing in corporate turnaround and restructuring, before joining BrandPartners in 2002 as the chief operating officer, a few months before Silverman killed himself.
Brooks became president of the company in September 2003.
Two years later, BrandPartners acquired another company, Grafico Inc. of Stamford, Conn.
Grafico seemed like a perfect fit, designing interiors of payday loan companies and check-cashing joints, just as BrandPartners did for mainstream banks.
Grafico was a co-signatory on the mezzanine loan, which was continually extended. At the end of March 2009, it went from 16 to 17 percent, with a principal of $7.1 million, and on Sept. 30, 2009, it was up to 18 percent.
BrandPartners knew that this loan could destroy the company and said so in its last annual filing in March 2009, saying that if it did not meet various financial covenants, they may be in default and face a balloon payment that would result in a default.
Similarly, not being able to pay back the $5 million revolving line of credit to the commercial bank – now TD Bank — “would have a materially adverse effect on our ability to maintain our business operations.”
The loan might lead Brooks to shut down the company, charged Frank Beardsworth, BrandPartners’ former executive vice president of merchandising and retail communications.
But everything Beardsworth said should be taken with a grain of salt, since his allegations come in response to a BrandPartners’ lawsuit against Beardsworth.
The suit charged that he and another executive transferred trade secrets to a Pittsburgh competitor he went to work for after resigning in August 2009.
According to the suit, Beardsworth told a co-worker that he would attempt to “bury this company.”
Beardsworth denied the charges, but countered that his resignation was prompted by firings and retaliation after he blew the whistle on Brooks’ alleged plans to kill BrandPartners.
Beardsworth maintained that he had a series of conversations in January 2009 about renegotiating the mezzanine loan. If that failed, he said, Brooks said he would default on the loan, rename BrandPartners and form a new company. He would then move equipment and key employees to that company to continue servicing BrandPartners’ existing clients.
Beardsworth said Brooks even asked him to work on a business plan for the new company and stated “on multiple occasions that he did not care what impact his plan had on BrandPartners’ current investors and/or shareholders,” accounting to the countersuit.
Brooks heatedly denied this ever happened.
Beardsworth said that he thought that gutting the company would be unethical, and possibly illegal, and sent an e-mail to other executives, who brought the matter to members of the board, including Clifford Brune.
Brune, who lives in Forest Hills, Ill., heads the audit and compensation committee. Brune not only collected $42,000 as a stipend for sitting on the board and heading the committees, he receives $15,000 a month as a consultant. That should add up to $180,000 a year, but according to the company’s latest proxy, his additional consulting fees total $230,000.
Despite assurances that there would be no retaliation, several of the complaining executives were fired after the board meeting, and Brooks told Beardsworth the only reason he wasn’t included was that he might be considered a whistleblower, according to the countersuit.
Still, Beardsworth said he was harassed and told to call Brune to “clear the air” and say he was confused by Brooks’ plans. Beardsworth said he refused to do so and felt he had no choice but to resign in August 2009. (Five months later, the company announced that Brune would not stand for election to the board.)
“Brune has no disagreements on any matter relating to the Company’s operations, policies or practices or the general direction of the Company,” according to the proxy announcing the decision.
Approaching deadline
Meanwhile the mezzanine loan kept hanging over the company’s head. Although it wasn’t officially due until Oct. 29, 2010, the company did not meet conditions that would prevent it from being called in. At each amendment, the task became more difficult, with either the payback amount, the interest rate or the number of stock warrants issued increasing. In January, the loan deadline was set to March 15.
It was at this time that the company decided to acquire two other firms, the first being Store in a Box, a Chicago firm formed in 2007 to set up interiors for new retail franchises, such as Jenny Craig and Old Navy.
The company did not reveal how much it paid for Store in a Box – and the filings that would normally have that information were never disclosed.
Store in a Box chief executive Bruce Olans, now back in Chicago and trying to rebuild his company, would also not comment.
“When they went I went,” was all Olans would say. “Store in a Box is operating again.”
The other major company “launched” by BrandPartners was EnergyServicePartners, which seeks to compete with Siemens, Honeywell and Johnson Controls for stimulus money. But this is another mystery. The company – an energy audit and conservation implementation business — was headed by Mark R. Hahn, according to a BrandPartners press release issued in February.
Hahn – who NHBR was unable to track down -- previously worked for Atlantic Energy Solutions, which is being traded on the Pink Sheets under the ticker AESO.PK. EnergyServicePartners, which also worked out of Saratoga Springs, N.Y., merged with Atlantic Energy.
In any case, before it went down, the BrandPartners Web site listed Jim Brooks as chief executive of the EnergyServicePartners, and Hahn is not mentioned.
Currently, it is unclear how to reach EnergyServicePartners, or whether it still exists.
Meanwhile, some executives were putting forward various proposals in an attempt to save the company, according to several people in the company.
One person described it as a “coup” attempt. Brooks even stepped down for a short period, sources said. In March, shortly after the March 15 deadline, the company laid off 30 employees in what has been describes as the “St. Patrick’s Day massacre.” But the layoffs were to no avail, and after a meeting with the bank, the company learned that the loans would no longer be extended.
Exactly when that word came is not clear, but the company apparently knew something was going on beforehand because more than four dozen trucks were on hand to ship materials for the interiors of various banks the very next day, according to several sources.
Most workers – though expecting that something was up – only learned that they would be laid off on their last day, April 16.
Meanwhile, BrandPartners’ stock continued to be traded Over-The-Counter, though its ticker symbol BPTR.OB, has been extended to BPTRE.OB, to indicate that the company is behind in its filings. It has a 30-day grace period to submit the filings.
Who would buy a company under such circumstances?
“There is a whole industry for distressed companies,” said one person from the OTC market who asked not to be identified. “If they buy it cheap enough, they may hope to squeeze some assets out of it.”
On May 3, BrandPartners shares were trading for a half a penny, a 50 percent decline from the previous close of one cent.
Nice day so far volume looks good with lots of trades instead of one or two. The bid is back up so the spread not so large and most of the action is at the ASK another positive. Thinking we could see more this week!
I think we just saw a T trade slide through because the bid was .0089 and the ask was .0095 so side trade that needed cleared shorts thinking they may need to cover.
Looking great .009 starting to get hit this moves on little volume gotta love it! Could see this pincher break over a penny today and looking for more this week!
Really like the prospects here and expecting much more movement when the K filing hits the street. Way too cheap for the share structure and revenues they generate!
I think its funny a board has been here for 6 years and has less than 100 posts. Sounds like the company is more interested in work than PR's so not much for people to talk about I kind of like that.
Bid has been building up all day but not much for sale at these levels. The chart looks great.
Could see this break .03 with the revs the company reports. The AS is only 100mil this one suffers from lack of exposure not really any other issues they have been in business for 25years according to the last Q report.
Moves easy added some Friday and smacked the ask a little this morning and away it went. I actually wanted some shares down here but they are hard to grab at the moment.
Company is not current going to send them an email to see if we can get some timing.
well BPTR fails to file 10K . now eligible for dreaded E .
James Brooks as CEO of BPTR and director at MTCH now part of two companies not filing 10K as promised.
why so little interest in this stock? it seems like they are coming out with many positive prs.
BrandPartners Signs $4.6 Million of New Contracts and $900,000 of Letters of Intent
Feb 3, 2010 9:15:00 AM
Copyright Business Wire 2010
ROCHESTER, N.H.--(BUSINESS WIRE)-- BrandPartners Group, Inc. (OTC BB: BPTR), a provider of integrated retail environmental services to the financial services and franchise industries, announced today that its wholly owned subsidiary BrandPartners Retail Inc (BrandPartners) has signed new contracts totaling $4.6 million and $900,000 of letters of intent in the month of January. Under the new contracts BrandPartners will provide a broad range of design and construction, merchandising, furniture, environmental graphics, retail communications, and merchandising product for its financial services customers.
"We believe that our strong January contracts and letters of intent as well as other recent activity demonstrate that our core client base is getting back to business and focusing on driving revenues in their branches. Furthermore, we have moved to diversify our revenues with the launch of our Store in a Box subsidiary, which targets franchise companies as well as with our newest service offerings, energy audits and implementations. We believe that these new initiatives position the company to prosper in two areas that are growth industries for the foreseeable future," commented James Brooks, CEO of BrandPartners.
About BrandPartners
BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), through its wholly owned subsidiaries BrandPartners Retail, Inc., Build Partners, Inc. and Store in a Box, Inc. provide an integrated approach to customer environments through brand translation, business strategy, design/build services, retail displays 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 35,000 retail locations. The company serves its clients from its Rochester, New Hampshire home office and regional U.S. offices.
well James Brooks has joined Tony Cataldo over Matech MTCH. He is a new director with Tony as Co-Chairman.
Wonder what is going on..
BrandPartners' Real Estate Affiliate Launches Capital Funding Program for National and Regional Banks.
Jun 3, 2009 8:56:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesROCHESTER, N.H.--(BUSINESS WIRE)-- BrandPartners Group Inc. (OTC Bulletin Board: BPTR), a leader in delivering retail environment solutions to the financial services industry, now offers a program for the bulk-purchase of vacant and under-performing branch, office and administrative facilities through its real estate affiliate, BancRealty Advisors. Supported by national institutional buyers of surplus and underperforming real estate assets, the program takes advantage of BrandPartners' relationships as a result of servicing more than 35,000 bank branches.
The Excess Bank Property Program provides a major new source of capital for financial institutions implementing acquisitions, including those banks looking to re-finance TARP funding, or banks re-examining their branch networks in today's economic climate. The program provides cash while removing redundant properties from a bank's balance sheet. It also allows the selling institution to participate in the future income stream of the property.
"Smart bankers know that in order to focus on the future they need to free themselves of the things that are holding them back, specifically their real estate," said Michael Purchia, Managing Director of BancRealty Advisors, the BrandPartners affiliate company offering the program. "There are now over 99,000 FDIC insured bank branches. In the last twelve months there have been over 180 bank acquisitions and more than 50 bank failures. Between the selling and surviving bank, that represents approximately 14,000 branches. Many financial institutions are taking a hard look at their real estate to determine the overall effectiveness of their network. Because BrandPartners has strong relationships with national and regional banks, we have a deep understanding of the challenges these institutions face and are ideally situated to help them reduce the unnecessary burden of poorly performing real estate so they can operate at optimum efficiency."
According to Jim Brooks, CEO of BrandPartners, "This is a perfect extension of the services we already provide. Our expertise in gathering and interpreting strategic market intelligence is of tremendous importance in helping financial institutions identify the branches that aren't performing at acceptable levels. Once the questionable branches or office properties have been identified, we then have all of the capabilities necessary to take corrective action, whether it's a remodel or a remerchandising or rebranding program or the disposition of a segment of the network. For those properties to be acquired by their institutional buyers, BancRealty Advisors and its program partner, Paramount Partners, LLC of Braintree, MA, are able to deploy and coordinate with their national real estate brokerage network, the Retail Brokers Network, to identify and secure either replacement financial institutions or retailers to re-tenant or redevelop the vacated properties. For more than 25 years we've been a leader in providing the financial industry with the services they need to drive sales and increase customer loyalty. This is just another step in our commitment to providing customers with the services they need - a level of service offered by no other competitor in the industry."
About BrandPartners Group
BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), through its wholly owned subsidiary BrandPartners Retail, Inc. provides an integrated approach to customer environments through brand translation, business strategy, design/build services, retail displays 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 35,000 retail locations. The company serves its clients from its Rochester, New Hampshire home office and regional U.S. offices.
About BancRealty Advisors
BancRealty Advisors is the real estate affiliate of BrandPartners, delivering full real estate brokerage services nationwide to prioritize and successfully execute branching programs.
Source: BrandPartners Group Inc.
----------------------------------------------
BrandPartners Group Inc.
Emily Schwartz
603-509-1625
Marketing Communications Specialist / PR
BrandPartners Forms Strategic Alliance With Rockefeller Consulting Group/Insight Capitalists
May 21, 2009 8:31:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesROCHESTER, N.H.--(BUSINESS WIRE)-- BrandPartners Inc. (OTC Bulletin Board: BPTR), a leader in delivering retail environment solutions to the financial services industry, announced that it has formed a strategic alliance with Rockefeller Consulting Group/Insight Capitalists, a firm that specializes in identifying and implementing strategic growth opportunities for clients across a broad range of industries.
"With the Rockefeller Consulting Group/Insight Capitalists' expertise in identifying opportunities for value creation and laying out specific pathways for growth, and BrandPartners' experience translating these strategies into a compelling retail customer experience, this alliance creates a seamless end-to-end offering for companies having a growth imperative," said David Vazdauskas, Chief Marketing and Strategy Officer, BrandPartners. While BrandPartners focuses its environmental design solutions on the financial services industry and the Rockefeller Consulting Group/Insight Capitalists serves a broader array of vertical industries, the alliance will initially focus on the tremendous growth opportunities it sees for institutions of all sizes in the financial sector.
BrandPartners has twenty-five years of experience designing retail environments and retail communications programs for more than 2,000 clients at 30,000 retail locations worldwide. Prior to founding Rockefeller Consulting Group/Insight Capitalists the principals have had extensive experience with Macy's, Citi, Pizza Hut, Pepsico, JWT and Madison Square Garden. "Rockefeller Consulting Group/Insight Capitalists can bring fresh insights to the task of helping financial organizations unlock new sources of growth," said Bob Raleigh, CEO, Rockefeller Group/Insight Capitalists. "BrandPartners has a keen ability to translate visionary strategies into a compelling customer experience, one that drives revenues and loyalty," he added.
Through this exclusive partnership, the two companies will create integrated engagement teams that deliver a complete strategy-to-translation solution to clients . "With this alliance, clients do not have to choose and separately manage a traditional management consultancy, an advertising agency, and a branding and design firm," said Bob Raleigh. "Our one integrated team approach provides one point of contact for the client, and it ensures that the strategy anticipates the execution, and vice versa," he added.
The alliance will also integrate and leverage rigorous analytic tools proprietary to the two firms. The Rockefeller Consulting Group/Insight Capitalists' eDNA framework works to identify the opportunities that exist to drive value creation and helps align every business function within an organization with the needs of the customer. The BrandPartners' Retail Health Index analyzes each building block of the customer experience, and identifies opportunities to more closely align these elements to specific growth opportunities. "Like all other retailers, financial institutions grow by either attracting new customers or increasing share of wallet from current customers - or ideally, both," said James Brooks, President and CEO, BrandPartners. "This alliance is laser focused on helping financial institutions grow deposits, and setting clear pathways to that growth," he added.
About BrandPartners Group
BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), through its wholly owned subsidiary BrandPartners Retail, Inc. provides an integrated approach to customer environments through brand translation, business strategy, design/build services, retail displays 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 home office and regional U.S. offices.
About Rockefeller Consulting Group/Insight Capitalists
Rockefeller Consulting Group/Insight Capitalists is a firm that was created in partnership with Mark Rockefeller to help organizations drive revenue growth. Built upon a commitment to values, integrity, innovation and discipline, the company introduces a unique model that fills the white space between traditional management consulting and branding agencies. Rockefeller Consulting Group is an enterprise founded by Mark Rockefeller that extends the Rockefeller legacy of visionary business acumen and combines proven business practices with leading-edge technologies to accelerate growth and create sustainable value for its clients.
Source: BrandPartners Inc.
----------------------------------------------
BrandPartners
Inc.
Emily Schwartz
603-509-1625
BPTR is now on the reload zone and ready for the next level at .072 ask.
BPTR has not even hit the increase scan yet. will be on the next round.
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BPTR now .09
BPTR in now .065 up .025 now.
BPTR
BrandPartners, based in Rochester, New Hampshire, was founded in 1983 as Willey Brothers, Inc. The name was changed to BrandPartners in April 2005 to better reflect the expanding range of services and products the company provides to retail banking and retail companies. BrandPartners builds client brands through its three integrated business segments of retail store planning, design and construction; merchandising; and creative services.
BrandPartners’ multi-disciplinary teams take clients from concept to final implementation. The company’s services include strategic retail positioning, business strategy and branding, environmental design and store construction services, retail merchandising analysis, display and digital messaging systems and signage, and point-of-sale communications and marketing programs.
Among the company’s clients are such highly regarded financial institutions as Bank of America, National City Bank, Citifinancial, SunTrust Bank, M&T and AmSouth. The company has provided brand translation, communication messaging and point-of-purchase solutions to more than 1,600 companies in more than 24,000 retail locations worldwide.
OverviewHoldingsFinancialsNewsContact UsCopyright © 2009 BrandPartners Group, Inc. All Rights Reserved.
Estimated Market Cap
$1,582,934 as of May 15, 2009
Outstanding Shares
39,573,359 as of Nov 12, 2008
Number of Share Holders of Record
2,100 as of Mar 28, 2008
Di4 I was just looking and this loooks to be a sleeper on .02 revenue for sure. Will be watching.
BrandPartners Announces First Quarter Results
May 18, 2009 8:30:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesROCHESTER, N.H.--(BUSINESS WIRE)-- BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), a provider of integrated environmental and customer experience solutions to the retail financial services industry, today announced its financial results for the quarter ended March 31, 2009.
The Company's revenues during the first quarter ended March 31, 2009 were $11.5 million versus $9.2 million during the quarter ended March 31, 2008.
In addition, first quarter 2009 results included:
-- Operating income of $1,010,389 versus operating income of $845,519
during the same period last year.
-- Net Income of $717,234, or $.02 per fully diluted share, versus Net
Income of $546,446, or $.01 per fully diluted share, for the same period
last year.
-- Gross margin was 28.8% versus 30.0% for the same period last year.
-- Selling, general and administrative expenses were $2.3 million versus
$1.9 million during the same period last year.
-- Interest expense was $274,655 versus $299,073 during the same period
last year.
"We are pleased with our first quarter results, as we improved revenues, operating income and net income above the same period last year," said James F. Brooks, CEO of BrandPartners. "Although the client base we service, retail financial services, continues to deal with 'stress' tests and other pressures, we believe that these institutions realize how important their retail networks are to their future success and will continue to invest to ensure that success."
The Company sees continued opportunity in both the large bank and community bank sectors. "Treasury Secretary, Timothy Geithner, recently pointed out at a speech to community bankers in Washington that community banks 'will play a critical role in laying the foundation for economic recovery.' From our perspective, community banks and credit unions have a strong base upon which to compete through network growth and branch improvement, and BrandPartners provides key tools to help them succeed", stated Mr. Brooks. "As for larger regional and national institutions, BrandPartners recently conducted a survey called 'What Matters Most' and discovered that many of the critical issues that executives are facing are related to solutions that can be addressed in the retail environment and leverage our core expertise," said David Vazdauskas, BrandPartners' Chief Marketing Officer.
Mr. Brooks noted that Dick Bove, a well respected banking analyst at Rochdale Securities recently commented during an interview with Susie Gharib on PBS' Nightly Business Report that in Mr. Bove's opinion "banks have been in good shape for quite some time and that if regulators focused on cash flows going through the banking industry, they would have seen that the cash flows are unusually positive which means that the banking systems is healthy and the banks are solvent". In the interview Mr. Bove added that he believes "JPMorganChase (NYSE: JPM), PNCFinancial (NYSE: PNC) and BB&T (NYSE: BBT) are very attractive because in his opinion he does not believe these banks are troubled and that the outlook is much better for these companies than is inherent in the stress tests".
Mr. Brooks commented, "We believe that those banks mentioned by Mr. Bove and many other larger regional and national banks looking to grow will continually refresh their retail environments in an effort to attract new customers and grow deposits". Mr. Vazdauskas added that, "We will continue to develop new innovative offerings to all of our target customers which will allow us to penetrate the market even further and increase our business with existing clients. Banks of all sizes are searching for new ways to attract, engage and retain customers at the retail level, and BrandPartners will continue to be a leader in offering solutions that improve our clients' return on investment."
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.
Source: BrandPartners Group, Inc.
----------------------------------------------
BrandPartners Public Relations
Emily Schwartz
603-509-1788
a Cataldo comeback?
Any truth to the rumor that Brandpartners could be bringing back Tony Cataldo for another run?
(TIC)
BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), a provider of integrated environmental and customer experience solutions to the retail financial services industry, announced details of its seventh annual Spring Symposium.
Senior executives from financial institutions across the nation, ranging from large regional and national banks to community banks and credit unions, are expected to gather to explore customer engagement trends in retail delivery at the seventh annual Spring Symposium hosted by BrandPartners on June 2nd and 3rd. The symposium will take place at the Sheraton Harborside Hotel, located on the New Hampshire seacoast about one hour north of Boston, and the historic BrandPartners Mill complex.
“We are once again pleased to host this two-day event, which we believe has become one of the industry’s top attractions,” said BrandPartners’ Chief Executive Officer, James Brooks. Mr. Brooks added, “This year, we are celebrating our 25th anniversary and will focus on ways to optimize the customer experience by leveraging the retail branch environment.” Various seminars will explore the dynamic changes in retail delivery and the implications for creating a new banking experience for customers. Interactive sessions will concentrate on effective customer engagement optimization models, leveraging the retail environment and intelligence from industry experts and peers.
The symposium kicks off with a two-hour interactive session on “The Disney Approach: Leadership and Organizational Creativity Workshop” presented by Disney Institute trainer, Dennis Frare. Disney’s Performance Excellence value equation has helped spur dramatic leaps in performance throughout the Walt Disney World® Resort, the world’s number one vacation destination and one of the largest single-site employers in North America.
Following the Disney session, “Behaviorializing Your Brand: There is nothing worse than a broken promise”, presented by Neil Cerbone, will address what it takes to maximize customer engagement by specifying and conveying the behaviors that define a brand to those employees expected to deliver it. Cerbone is the founder of Neil Cerbone Associates Inc. and has more than 25 years of experience in organizational development strategies.
Interactive work sessions will be hosted by a combination of industry and BrandPartners experts and will explore various aspects of the financial industry—from customer engagement and branch growth and performance, to advances in IP communications technology aimed at enhancing the customer experience in the branch.
For more information, contact Lisa Neihart, Director of Marketing for BrandPartners, at 603-335-1400 or via email at lneihart@brandpartners.com.
About BrandPartners BrandPartners (A Brand Partners Group. Inc. company), provides an integrated approach to customer environments through brand translation, business strategy, design/build services, retail displays 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 home office 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.
BrandPartners Announces Q1 2008 Results
Friday May 16, 8:30 am ET
ROCHESTER, N.H.--(BUSINESS WIRE)--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.
Contact:
Brandpartners Group
Pat Peyton, 603-509-1788
Investor Relations
--------------------------------------------------------------------------------
Source: BrandPartners Group, Inc.
website still reponds.
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BrandPartners Group, Inc. BPTR
39m O/S
BPTRCompany Overview
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.
Corporate Officers
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
Investor Relations
Alliance Advisors
105 S. Bedford Rd., Suite 313
Mt. Kisco, NY 10549
(914) 244-0062
Fax: (914) 244-4458
http://www.bptr.com/
Share Structure
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.
10Q report
http://ih.advfn.com/p.php?pid=nmona&cb=1211295338&article=26338846&symbol=NB%5EBPTR
Press Releases
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=xxis&tabValue=1
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