Boldface Group, Inc. (fka BLBK)

[slverg]

Boldface Group (BLBK) Gets Over $8 Million In Sales In the Last 12 Months With Kardasian Beauty Line




From: Greenbackers
Sent: Friday, November 22, 2013 9:56 AM
Subject: BLBK extending following that strong earnings rpt... .026 +16.23%




BLBK climbing from .015 since releasing earnings rpt...recall strong sales / very bullish CEO comments: : To date, our holiday sales of Kardashian Beauty™ products have been incredibly strong


BOLDFACE Group, Inc. (BLBK)-OTC BB ? Follow
0.026 Up 0.00(16.23%) 10:59AM EST

Volume: 185,700
Avg Vol (3m): 123,205
Market Cap: 4.11M










Boldface Group (BLBK) Gets Over $8 Million In Sales In the Last 12 Months With Kardasian Beauty Line
By Tobin Smith | November 20, 2013, 2:34pm GMT
BOLDFACE Group, Inc. (BLBK) has announced their Company's financial results and highlights for its first quarter 2014 ended September 30, 2013.

Highlights for the quarter and last twelve months ended ("LTM") September 30, 2013 include:

First quarter 2014 gross revenues of $1.552 million and net revenues of $1.269 million, compared to the Company having no revenues in the first quarter 2013. LTM gross and net revenues of $8.218 million and $6.600 million, respectively.
First quarter 2014 gross profit of $0.512 million or 40% of net revenues, including $0.050 million of inventory reserves for future write-offs. Gross profit was depressed due to the associated costs with the re-labeling and rebranding of existing inventory to Kardashian Beauty™.
GAAP net loss / (gain) of $0.791 million or $0.01 per fully diluted share for the quarter, including non-cash expenses of $0.209 million in stock-based compensation expense / shares issued for services and non-operating expense / (gain) including $(0.871) million for derivative liability gains.
Successful launch of our Kardashian Beauty™ products in Australian markets at exclusive retailers MeccaMaxima and Kit Cosmetics.
"To date, our holiday sales of Kardashian Beauty™ products have been incredibly strong with exclusive holiday items in Ulta Beauty and a diverse offering in CVS, Duane Reade, Fred Meyer, Meijer and many other of our retail partners," said Nicole Ostoya, CEO of BOLDFACE, "The consumer reaction has been equally as strong as our social media following has shown a lot of love for our products. Our results reflect an enthusiasm for Kardashian Beauty™ products and the current success of operational controls within the Company. As we turn the corner to spring, we look forward to sharing new product concepts and new items to get that coveted Kardashian Beauty™ look."

Read more about BoldFace Group in our Initial Report
http://www.newswire.ca/en/story/1264637/boldface-group-inc-announces-first-quarter-2014-financial-results-and-successful-launch-of-kardashian-beautytm-products-in-australia

Also, check out our exclusive interview with CEO Nicole Ostoya.
http://nbtequitiesresearch.com/video/nbt-boldface-1-1


source:
http://www.nbtequitiesresearch.com/report/boldface-group-blbk-gets-over-8-million-in-sales-in-the-last-12-months-with-kardasian-beauty-line