Bravada International Ltd (BRAV)

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BRAVADA Increases Revenue Estimates / BRAVADA Eliminates $1,000,000-of-Debt

BRAVADA Increases its Second Quarter 2011 Revenue Estimates and Provides Third and Fourth Quarter Guidance

5:26 AM ET 5/16/11 | BusinessWire



BRAVADA International ( http://www.BravadaLtd.com/ ) (Pink Sheets:BRAV) announced today that it is increasing its second quarter 2011 revenue estimate and provides third and fourth quarter 2011 revenue guidance.

BRAVADA is increasing its second quarter revenue estimates to a range of $110,000.00 - $140,000.00 from the previous $90,000 - $125,000 range.

BRAVADA is continuing to experience strong and consistent revenue growth across all of its revenue segments without any increase to its fixed cost structure or advertising.

For the third and fourth quarter 2011, BRAVADA projects revenue to be as follows:

Third Quarter 2011: $160,000 - $185,000

Fourth Quarter 2011: $250,000 - $275,000

Revenue guidance is based on BRAVADA’s existing business segments and does not include additional expansion plans.

About BRAVADA International Ltd

BRAVADA owns BRAVADA Women’s Athletica, BravadaWomen.com and OnlyLeggings.com. Bravada Women specializes in high performance yoga clothes, women’s activewear, workout clothes and Brazilian workout clothes. OnlyLeggings.com is BRAVADA’s online ecommerce shopping mall for fashion leggings, animal leggings, colorful leggings, metallic leggings, faux leather leggings, designer leggings and seamless leggings as well as a provider of wholesale leggings.

http://www.BravadaWomen.com/
http://www.OnlyLeggings.com/
http://www.WorldofJeggings.com/
http://www.WorldofSwimwear.com/
http://www.BravadaLtd.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.




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BRAVADA Eliminates in Excess of $1,000,000 of Debt as it Continues Strengthening its Balance Sheet

4:15 AM ET 4/18/11 | BusinessWire



BRAVADA International ( http://www.BravadaLtd.com/ ) (Pink Sheets:BRAV) announced today that it has eliminated in excess of $1,000,000 of debt over the last 2 financial quarters as it continues to strengthen its balance sheet. BRAVADA has eliminated this debt with minimal dilution to its common shares. The debt eliminated is almost equal to the entire market capitalization of the company ($1,201,324) as the Board of Directors and BRAVADA's CEO, Danny Alex, continue their commitment to ensuring maximum value in its common shares as the company continues to grow.

On January 22, 2011, BRAVADA CEO Danny Alex converted $600,000 of debt into a Preferred B share described as follows:

The issuance of 3,000,000 Preferred "B" shares in exchange for $600,000.00 in debt, convertible into ten (10) class "A" common shares of the company. A restriction on the conversion of the preferred "B" shares is as follows:

-- Conversion rights are restricted on the Preferred "B" shares for a period of three (3) years from the date of issuance (January 22, 2011).

-- The Preferred B shares can only be converted based on the revenue of the company and on a quarterly basis which shall be 1 Preferred B share per $5.00 in gross revenue quarterly.

BRAVADA continues to grow its assets and monetize its resources into additional and existing revenue streams. For the second quarter 2011, BRAVADA anticipates revenue between $90,000 -- $125,000. Macro economic factors may affect projections as well as the launch of BRAVADA's two new revenue ecommerce sites, http://www.WorldofJeggings.com/ and http://www.WorldofSwimwear.com/ which have not been factored into projections. BRAVADA is projecting revenue from its newly launched ecommerce website, http://www.OnlyLeggings.com/ , to be between $7,500 - $10,000 for the month of April which continues to triple revenues monthly since its launch in late December 2010.

"BRAVADA places a higher standard of commitment on its Officers and Directors," replied BRAVADA CEO, Danny Alex. "Whether a shareholder has 5000 or 50,000,000 shares, Officers are charged with the creation and preservation of economic benefit for all shareholders equally."

BRAVADA shall continue strengthening its balance sheet while continuing to grow the intrinsic value of its common stock through positive material change and revenue growth. The majority of the debt eliminated shall be reflected in the Company's Q1, 2011 financial report. BRAVADA's disclosures can be viewed at http://www.otcmarkets.com/ .

About BRAVADA International Ltd.

BRAVADA owns BRAVADA Women's Athletica, BravadaWomen.com and OnlyLeggings.com. Bravada Women specializes in high performance yoga clothes, women's activewear, workout clothes and Brazilian workout clothes. OnlyLeggings.com is BRAVADA's online ecommerce shopping mall for fashion leggings, animal leggings, colorful leggings, metallic leggings, faux leather leggings, designer leggings and seamless leggings as well as a provider of wholesale leggings.

http://www.BravadaWomen.com/
http://www.OnlyLeggings.com/
http://www.BravadaLtd.com/
http://www.WorldofJeggings.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.

SOURCE: BRAVADA International Ltd.

BRAVADA International Ltd.
Danny Alex, CEO
310-717-1003
[e-mail]


BraVada featured on The Spin Crowd: Bravo Bravada

BraVada featured on multiple episodes of Mel B: It's a Scary World

Mel B being interviewed about BraVada

Kim Kardashian being interviewed about BraVada