BRAVADA's World of Leggings Flagship Retail Store an Immediate Success After Only Its First Week; BRAVADA to Revise Up its Previous Fourth Quarter Revenue Guidance
LOS ANGELES, Oct 25, 2011 (BUSINESS WIRE) -- BRAVADA International Ltd.(http://www.OnlyLeggings.com) (BRAV) announced today that its flagship World of Leggings retail store in Los Angeles has been an immediate success after only its first week of operations. Sales at World of Leggings(TM) have being averaging nearly $1,000 daily after a soft opening last week. In essence, BRAVADA changed the sign, renovated the interior to accommodate nearly 10,000 leggings and unlocked the door. The response has been phenomenal by every metric. In addition, sales on its online leggings superstore, OnlyLeggings.com has continued to climb consistently throughout the month of October to culminate in sales that have begun to exceed $10,000 daily.
Due to revenue growth across all of its business segments, BRAVADA will be revising up its Q4 revenue guidance in the coming weeks from its previous guidance of $350,000 - $385,000. BRAVADA expects that revenue for October alone will equal or surpass its entire revenue for its third quarter. BRAVADA considers the revision to its fourth quarter revenue guidance as highly material in nature and shall provide revised guidance when it can make an accurate statement with regards to its fourth quarter revenue.
About BRAVADA
BRAVADA owns BRAVADA Women's Athletica, World of Leggings, BravadaWomen.com, OnlyLeggings.com and FashionDollarStore.com. BRAVADA specializes in high performance women's yoga clothes and women's workout clothes. OnlyLeggings.com is an online superstore for leggings such as cotton leggings, faux leather leggings, basic leggings and seamless leggings.
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. 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 Bravada@BravadaLtd.com
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