Bravada International, Ltd. (PINK:BRAV) published its annual report, and issued a press release on Mar. 6. The press release suggested the company was happy with the results, but the market had a negative response.
In the last two sessions BRAV regained some ground, and today there is another press release which could help today’s market performance.
On Friday, BRAV closed up 4.17% at $0.005 on approximately 5.8 million shares, although there were no announcements, filings or news that day.[BANNER]
Today’s press release doesn’t differ greatly from the previous one. It’s focused on the business performance of BRAV, but this time there are some numbers for Q1.
BRAV is one of the companies that has chosen to pay directly for promotions in the past and there is a new one for today. The company compensated the promoter $6 thousand.
The company claims revenue is growing further and just for March it was trending above $300 thousand in gross revenue.
The adverse reaction on Mar. 6 may have had something to do with the fact that BRAV recorded revenue growth, but the bottom line was still negative.
The company has stated that its growth plan includes spending a lot on further new retail locations and growing its business throughout 2012.
It will be interesting what the promotion and announcement can do for BRAV today.
