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Press Release Source: BrandPartners Group, Inc.
BrandPartners Announces Record Income and Revenues for Its 2004 Fiscal Year Friday March 18, 4:01 pm ET Revenues Surge 50% to $50.6 Million with EPS of $.39
NEW YORK--(BUSINESS WIRE)--March 18, 2005--BrandPartners Group, Inc. (OTCBB:BPTR - News), a next-generation provider of integrated retail environment services to the burgeoning retail financial services sector, today announced record financial results for the twelve months ended December 31, 2004. The results, showing the strongest annual gains in both revenue and income in the Company's history, include:
Net income for the 12 months ended Dec. 31, 2004 grew to $14.2 million, or $.39 per fully diluted share, including one-time gains related to forgiveness of debt of $9 million. Net income for the same period excluding the one-time gains related to the forgiveness of debt grew to $5.1 million, or $.14 per fully diluted share, a $16.0 million improvement over the previous year's loss of $10.9 million. Revenues for the 12 months ended December 31, 2004 were $50.6 million, a 50% increase over the previous year's $33.7 million. "Quite simply, we have achieved the best year in the Company's history based on revenues and profitability," said James Brooks, Chief Executive Officer for BrandPartners. "The confluence of our financial restructuring and a highly articulated business strategy enabled us to achieve record revenues and net income. Through negotiations, restructuring, and pay downs, we reduced our total debt from $21.5 million on December 31, 2003 to $9.6 million on December 31, 2004, an $11.9 million reduction. And, as for our start to 2005, our backlog on December 31, 2004, was $31 million, a historical high for the Company that represented a $10 million increase over the backlog on December 31, 2003."
BrandPartners anticipates continued growth in the coming year. "We are continuing to execute and improve upon our business model, and we believe that the company will continue to aggressively grow its revenue stream in 2005 and 2006," said Mr. Brooks. "To achieve that goal we are continuing to invest in the Company and are pursuing growth opportunities by expanding our sales force, prospecting for opportunities in new markets domestically and internationally, developing new products and services, and evaluating possible acquisitions and partnerships that will allow us to cross-sell our core products and services to new industries."
Other financial results include an increase of fourth quarter revenue to $11.9 million, compared to $9.5 million for the comparable quarter of 2003. The net income attributable to common stockholders for the quarter was $1.1 million, and the earnings per common share was $0.03 fully diluted, compared to a net loss of $4.0 million, or $(0.21) per fully diluted common share for the three months ended December 31, 2003. Additional financial information as well as other corporate data will be included in the Company's Form 10-K to be filed with the Securities and Exchange Commission this coming week.
The reported 50% 12-month year-over-year revenue gains -- from $33.7 million in 2003 to $50.6 million in 2004 -- underscore the strength of BrandPartner's business and growth strategies. The Company attributed the increase to a range of factors, including diversification of its client base, introduction of new marketing solutions, and strong demand for products related to branded retail environments in the financial services industry.
Tony Cataldo, BrandPartners' Chairman, added, "I believe that Jim and his management team have done an extraordinary job positioning the company to continue increasing its penetration of the financial services industry. Simultaneously, they have created a powerful entrepreneurial spirit to enable the company to generate strong revenue and net income growth by transferring its core competencies to other industries."
Conference Call
The Company announced that it will be hosting a conference call and webcast discussing BrandPartner's financial results on Monday, March 21, at 12 noon Eastern. BrandPartners' Chairman Tony Cataldo and Company President Jim Brooks will be available to answer questions and discuss the current state of the company. To listen to the webcast, investors can click on www.trilogy-capital.com prior to the call or can dial 888.428.4479 and reference the BrandPartners conference call. International callers can dial 612.288.0329. Interested investors can email questions in advance of the call to paul@trilogy-capital.com. A text transcript and audio recording of the call will be archived for future reference at www.trilogy-capital.com.
About BrandPartners Group, Inc.
BrandPartners Group, together with its wholly owned subsidiary Willey Brothers, is a design, architecture and marketing Company creating the next generation of banking and financial services retail environments through a range of integrated financial facility solutions and services. The Company's comprehensive suites of services include Branch Planning, Architecture, Facility Construction, Market Intelligence and Consulting, Strategic Business Planning, Brand Translation, and Retail Merchandising. The Company leverages the high rate of change and growth in the financial services retailing marketplace, capitalizing on its ability to provide the design and branding needs of institutions of all sizes, including worldwide, regional and community banking. The Company has provided its design, architecture, and/or marketing expertise to more than 1,600 financial services companies, touching more than 24,000 branches of U.S. financial institutions. For more investor-specific information, including daily and historical Company stock quote data and recent news releases, please visit http://www.trilogy-capital.com/tcp/brandpartners. To read or download the Company's Investor Fact Sheet visit http://www.trilogy-capital.com/tcp/brandpartners/factsheet.html.
Cautionary Language
Statements in this press 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. Such factors include among others: the Company's ability to successfully complete contracts and receive timely payment, continued services of executive officers of the Company and its subsidiary; the Company's ability to refinance or obtain an extension of its existing debt; its ability to continue to obtain waivers of covenants and other defaults under its debt instruments and credit facilities; its ability to identify appropriate acquisition candidates, finance and complete such acquisitions and successfully integrate acquired businesses; changes in its business strategies or development plans; competition; and its ability to grow within the financial services industries. 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 registration statements filed with the Securities and Exchange Commission.
-------------------------------------------------------------------------------- Contact: Trilogy Capital Partners (Investor Relations) Paul Karon, 800-342-1467
-------------------------------------------------------------------------------- Source: BrandPartners Group, Inc.
Posts: 188 | From: illinois | Registered: Jan 2004
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Good call man4apenny....I got in @ 1.04. Already profitable. Thanks.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford Posts: 798 | Registered: Jun 2004
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.14/sh earnings after discounting one-timer for 2005 so trialing PE around 8, $35M backlog, some debt reduction although i normally look for better balance sheets, and some signs of growth.
seems a good risk/reward proposition to me, i'm in for a little.
Posts: 1698 | Registered: Mar 2004
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So you vant growth already? So here is some growth! BrandPartners Establishes London-Based Subsidiary to Move into Growing European Marketplace Tuesday March 22, 6:00 am ET Company Partners with Innovative UK Design Firm to Lead Retail Transformation of European Financial Services Industry
NEW YORK--(BUSINESS WIRE)--March 22, 2005--BrandPartners Group, Inc. (OTCBB:BPTR - News), a provider of next-generation, integrated retail environment services to the retail financial services sector, has announced the formation of its BrandPartners Europe subsidiary, a London-based business unit that is intended to spearhead the Company's expansion into the continent's banking and financial services industry. The announcement was made by James Brooks, BrandPartners' President and Chief Executive Officer. ADVERTISEMENT
The recently formed subsidiary was strengthened through BrandPartners' partnership with Button Plc, a fully integrated global design agency based in London, England. The new venture is intended to deliver the full range of BrandPartners' services -- including some award-winning services currently offered by its U.S. subsidiary -- and Button's services to the swiftly changing sector of retail banking and financial services companies.
The new venture will launch BrandPartners Europe's products and services in the UK and European retail markets with an emphasis on the retail financial services market. It will leverage the Company's success in the U.S. via its subsidiary, Willey Brothers, with Button's market presence in Europe, as well as Button's creative expertise and proven London-based European infrastructure. BrandPartners Europe will provide design, architecture and marketing solutions for retail environments in banking and financial services, and other industries, through a range of integrated financial facility solutions and services.
"We have found an excellent partner in Button Plc that shares our business and creative philosophies and experience in leading-edge retail design and architecture," said Mr. Brooks. "The new BrandPartners Europe subsidiary will have the benefit of the combined talents and track record of both companies. More importantly, our research has lead us to believe that retail will be crucial for financial institutions seeking growth in the UK and Europe, but many banks in the region lag behind U.S. banks in terms of the overall retail customer experience. Consequently, we believe there is a compelling need for the philosophy and market-leading environmental strategies that BrandPartners offers its U.S. customers through its subsidiary, Willey Brothers. We further believe Button's success and reputation in the United Kingdom and other European countries will enable BrandPartners to significantly accelerate its international expansion."
The announcement of BrandPartners Europe comes in the wake of the Company's recent report of record income and revenues for its 2004 fiscal year. The results showed the strongest annual gains in both revenue and income in the Company's history. Details of the report included: growth of net income for the 12 months ended Dec. 31, 2004 to $14.2 million, or $.39 per fully diluted share, including one-time gains related to forgiveness of debt of $9 million; net income for the same period excluding the one-time gains related to the forgiveness of debt grew to $5.1 million, or $.14 per fully diluted share, a $16.0 million improvement over the previous year's loss of $10.9 million; and revenues for the 12 months ended Dec. 31, 2004 of $50.6 million, a 50% increase over the previous year's $33.7 million.
Posts: 188 | From: illinois | Registered: Jan 2004
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BrandPartners CEO Discusses Business and Growth Strategy in Online Interview with SmallcapInsights.com Thursday March 24, 6:00 am ET
LOS ANGELES, March 24, 2005 (PRIMEZONE) -- SmallcapInsights.com, http://www.SmallcapInsights.com, the online source for exclusive commentary, research, interviews and other key investor information, has announced the availability of an online interview with James Brooks, President and CEO of BrandPartners (OTC BB:BPTR.OB - News), a provider of next-generation, integrated retail environment services to the retail financial services sector. ADVERTISEMENT
In the audio interview, Mr. Brooks provides an overview of BrandPartners' business and growth strategies, and discusses the broad integrated applications of retail environmental design services. ``When we are working on creating a new retail environment for clients, you can imagine that each base business unit plays a critical role in crafting the final outcome. We create interdepartmental teams and assign a program manager to ensure that the units are working cohesively to deliver a superior product or service,'' said Mr. Brooks. Mr. Brooks also discusses retail design trends, customer influence through retail branding, as well as potential marketplaces for the BrandPartners solutions and future developments. The streaming audio interview can be accessed at http://www.SmallcapInsights.com. Registration to listen to the interview is free.
Posts: 188 | From: illinois | Registered: Jan 2004
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posted
Chartwise it is in oversold condition and should have a rebound soon perhaps even taking out the 1.20 high. What is strange I found looking at the chart is a regular selling pattern with each new high it makes til there is a sudden burst of short covering but the lows are always higher and the trend is definitely up. Look at 6 month chart. For whatever reason this stock has a very sneaky pattern but I am comfortable with the forward guidance of landing new contracts. Also, with .14 earnings there is much more upside potential here than downside.
Posts: 188 | From: illinois | Registered: Jan 2004
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food for thought; BrandPartners (OC BB: BPTR), perhaps one of the biggest disappointments in terms of price performance this year, looks like it wants to start behaving a bit better. Today's edition contains a recap of what I believe happened since the company issued its outstanding year end financials, and the stock traded down.
BrandPartners (OTC BB: BPTR); Coming Back After Some Harsh Treatment
Early channel checks on 1st quarter numbers lead me to believe BPTR will continue it's torrid growth pace in the 1st quarter, and deliver a fifth consecutive report demonstrating growth in both sales and earnings.
The company is revolutionizing bank design, and starting to expand into other financial services markets.
On March 19th, BPTR delivered the following outstanding year end results:
'04 Revenues came in at $50.6 million, up 50% from '03's $33.7 million in revs '04 Earnings came in at $14.2 million; $.39 per share (this number is not meaningful as $9 million of the earnings was forgiveness of debt) '04 Operating earnings (this is the important number) were $5.1 million- improving by $16 million over '03. Operating EPS for '04 came in at $.14 per share. This is the meaningful number. In short, BPTR's revenues grew 50% in '04 to $50.6 million, and the company delivered $.14 per share in earnings. Stellar corporate performance. If the stock traded at a mere 10x trailing earnings, it would be $1.40 today.
The day the earnings were released, BPTR traded nearly 2 million shares, the highest one day volume since negotiating their debt reduction. The stock traded sideways for a day or two, and then started down, leaving many shareholders stunned.
Here's what I believed happened. I believe there were a lot of investors waiting for the earnings report to confirm the company's performance. I believe many of those people jumped in on the earnings report.
On the other side, I believe there had to have been on huge seller waiting for the earnings to come out and looking for an exit strategy. This stock traded as low as $.19 in '03 when they were nearly bankrupt, and about a year ago the company did a financing at $.30- this supply might not have been fully absorbed by the market.
When the seller matched the buyer the stock didn't go up. After a day or so it became clear the stock wouldn't be making any new highs on the year end numbers, and weak hands began to sell. Combine that weakness with a moderate collapse in the market as a whole, and you have people selling in a vacuum of buyers.
The stock made its bottom at $.76, and now is rebounding nicely. As measured from last October's multi month $.50 level, it is a perfect 61.8% retracement. I had been looking for a drop to $.71 to add to the position, which would have been a perfect 61.8% retracement from last August's low. It would have been irresistible at that price.
The stock is now moving up almost everyday on much lighter volume, which suggests an absence of sellers. 1st quarter numbers are due in about 3 weeks away, and if history repeats itself, the stock will trade up ahead of the numbers.
For those of you who can't understand why this stock cannot seem to achieve a reasonable valuation, a little historical perspective is in order.
In the Fall of '03 BPTR was days away from bankruptcy and closing its doors forever. The stock was trading at $.05 in August of that same year. While a few months might seem like an eternity in the market, in reality this stock has been trending up for over 18 months.
The company has engineered it's turnaround flawlessly, but it may take more time for the market to recognize the value. After making it's debut on Wall Street, WalMart (NYSE: WMT) doubled in size every year for the first three years, but the stock went nowhere. Once Wall Street caught on, the stock made a multi year move and turned many shareholders into millionaires.
Set aside the noise and look at the value. As one fund manager who owns the stock told me: "I don't sell stocks at PE's of 7 with 50% growth rates. I buy them and wait for someone else to pay more".
It took a month to flush out some weak hands. It looks to me like the stock is ready to resume it's climb.
Posts: 188 | From: illinois | Registered: Jan 2004
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news out! BrandPartners Announces Formation of New Subsidiary and Acquisition by Subsidiary of Certain Assets Aimed at Diversifying Target Markets Tuesday May 17, 8:30 am ET
NEW YORK--(BUSINESS WIRE)--May 17, 2005--BrandPartners Group, Inc. (OTCBB: BPTR - News), a provider of integrated retail environment services to the retail financial services sector, as discussed in its 1st quarter earnings release has formed Grafico Incorporated a new subsidiary. ADVERTISEMENT
Grafico has acquired certain assets of a design company and is intended to be a full-service advertising and marketing communications company that will seek to provide award-winning creative services to small businesses, Fortune 500 companies and not-for-profit organizations. Moreover, Grafico will seek to provide graphic design, branding and retail environment services to companies that operate sub-prime retail financial service centers.
Lou Costantini, who has worked closely with the retail financial services industry for more than a decade, will join BrandPartners' new subsidiary Grafico as Chief Executive Officer. His work has been lauded with more than 30 national and regional design awards along with numerous commendations from various financial services trade associations, and he was recognized for excellence by CBS Television in their Eye on Business.
James F. Brooks, Chief Executive Officer of BrandPartners, commented, "We believe that our new subsidiary, led by Mr. Costantini, represents an important step in our overall diversification efforts. While Grafico, which is planned to be a full services marketing communications company, will target various industries, it will specialize in the sub-prime retail financial services industry. The sub-prime retail industry has over 22,000 branches in the United States, and industry experts estimate growth to over 40,000 branches within five years. Mr. Costantini has, during the past decade, worked extensively with this industry's trade associations, key executives, and many companies in the industry to create more compelling branding and marketing communications programs." Mr. Costantini added, "I am excited to take on this new challenge and tap into the resources available to me via BrandPartners' extensive infrastructure. More importantly, I am eager to have the ability to offer a truly comprehensive, integrated service platform to the clients and industries that I have serviced for many years."
Posts: 188 | From: illinois | Registered: Jan 2004
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1Q results are here! BrandPartners Announces Results for Q1 2005 Monday May 16, 7:30 am ET Reports Record Operating Income Operating Income Rises to $2.1 Million with Fully Diluted EPS of $.05 Company Reports Fifth Consecutive Profitable Quarter
NEW YORK--(BUSINESS WIRE)--May 16, 2005--BrandPartners Group, Inc. (OTCBB:BPTR - News), a provider of integrated retail environment services to financial services and other retail companies, today announced record operating income for the three months ended March 31, 2005. The results, showing the highest quarterly operating income in the Company's history, include:
Operating income for the 3 months ended March 31, 2005 grew to $2.1 million versus $1.9 million during the same period last year. Net Income for the 3 months ended March 31, 2005 grew to $1.8 million, or $.05 per fully diluted share versus $1.7 million, excluding one-time gains related to the forgiveness of debt, or $.06 per fully diluted share, during the same period last year. Non-cash interest, and non-recurring charges (related to the operating company's name change, closing down a warehouse location, and the London office start-up expenses) were $366,000. Revenues for the 3 months ended March 31, 2005 were $14.6 million, down from $15.7 million during the same period last year, primarily due to delays in projects that did not allow the company to book revenues related to certain ongoing projects as fast as anticipated. "We continue to seek to execute our newly devised business strategy of increasing penetration in our core business, introducing new products and services, and actively marketing our capabilities to other retail-oriented companies, said James F. Brooks, BrandPartners' Chief Executive Officer. "Moreover, since the beginning of the year, we achieved some important milestones for the Company:"
On April 2, 2005, we changed the name of our wholly owned subsidiary, Willey Brothers, Inc., to BrandPartners Retail, Inc. to better reflect the products and services the subsidiary offers its clients. We formally established a presence overseas by setting up our new subsidiary in London, BrandPartners Europe, and formalizing a partnership with Button, PLC, a highly regarded and well established design company based in London. The Company's efforts are now focused on marketing our joint capabilities to financial services companies in Europe. On May 5, 2005, we replaced our senior debt with a new 3-year secured commercial loan agreement that increased our availability with improved terms and conditions. On May 9, 2005, we acquired certain assets of a design company, through a newly established subsidiary, Grafico, Inc., which will provide a full complement of marketing communications and other services offered by BrandPartners Retail, Inc., our core operating subsidiary, to various industries, including the growing retail financial services sector that offers non-traditional loans to consumers. We signed several furniture and space-planning agreements with non-financial services companies. As previously announced, BrandPartners anticipates top-line and bottom-line growth in 2005. "Since January 2004 when our financial restructuring took effect, we put in place many initiatives to grow our core client base, create operating efficiencies, and pursue opportunities outside of retail banking," said Mr. Brooks. "We believe that in just over one year our strategy is paying off, as we have now delivered 5 straight quarters of profitability; our backlog remains in excess of $30 million; our pipeline of opportunities is growing; we have landed several non-banking clients; and our operating margins have improved. We plan to continue investing in the Company and pursuing growth opportunities by expanding our sales force, prospecting for opportunities in new markets domestically and internationally, developing new products and services, and evaluating additional acquisitions and partnerships that will allow us to cross-sell our core products and services to new industries."
e in
Posts: 188 | From: illinois | Registered: Jan 2004
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More news! Press Release Source: BrandPartners Group, Inc.
BrandPartners Signs Contracts Totaling $3.2 Million Wednesday May 18, 9:01 am ET Includes Agreement with a Major National Services Retailer
NEW YORK--(BUSINESS WIRE)--May 18, 2005--BrandPartners Group, Inc. (OTCBB:BPTR - News), a provider of integrated retail environmental services, announced today that its wholly owned subsidiary, BrandPartners Retail, has signed new contracts totaling $3.2 Million to provide a broad range of design and implementation services for numerous financial services institutions as well as a major national services retailer. The announcement was made today by James Brooks, President and CEO of BrandPartners. Included among the recently secured contracts is a design and implementation agreement with a Southwestern community bank to build a new retail banking center along with a broad range of services for other national and regional financial institutions, including several creative marketing campaigns, merchandising analyses, inventories and installations. Additionally, BrandPartners has reached an agreement with a major national services retailer to provide creative design services.
Mr. Brooks commented, "We continue to execute our growth strategy by pursuing opportunities in our core business, while at the same time leveraging our expertise into other vertical markets. This latest build contract marks the fifth such project that this particular financial services company has engaged BrandPartners to complete, and we are excited to continue to support their latest expansion initiative. Moreover, we believe it demonstrates the success we are realizing as a long-term provider of services to our financial institution clients, many of which we are working with as a partner planning their future growth. Additionally, we believe that our contract with a major national services retailer is evidence that we are able to attract clients in non-financial retail industries, and we are optimistic that our initial work will be compelling enough for this client to look at BrandPartners as an important vendor for many years to come."
The newly announced contracts represent a continuation of BrandPartners' growth strategy. Together with previously announced contracts, the company has announced $16 million in signed contracts for the 2005 calendar year to date.
About BrandPartners
BrandPartners Group, together with its wholly owned subsidiaries, BrandPartners Retail, Inc., and Grafico, Inc., is a design, architecture and marketing communications company creating and supporting retail environments through a range of integrated facility solutions and marketing services. The Company's comprehensive suites of services include Branch Planning, Architecture, Facility Construction, Market Intelligence and Consulting, Strategic Business Planning, Brand Translation, and Retail Merchandising. The Company provides the design and branding needs of institutions of all sizes, including worldwide, regional and community banking. The Company has provided its design, architecture, and/or marketing expertise to more than 1,600 financial services companies, touching more than 24,000 branches of U.S. financial institutions.
Posts: 188 | From: illinois | Registered: Jan 2004
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Time to revisit! Knobias, Inc. Announces BrandPartners Group, Inc as the SPOT of the Week in Its Small-Cap ClipReport
RIDGELAND, Miss., July 11, 2005 (PRIMEZONE) -- Knobias, Inc. (OTCBB:KNBS) announced today that it has selected BrandPartners Group, Inc (OTCBB:BPTR) as the SPOT of the week in the Knobias Small-Cap "ClipReport."
BrandPartners Group Inc provides a range of brand-building services and products to financial retail sectors through its three wholly owned subsidiaries. BPTR provides an integrated approach to customer environments through brand translations, business strategy, design-build services, retail display and in-branch communications products and services.
The Bulls say . . .
Turnaround & Execution. Since its 2003 Nasdaq delisting and 2004 restructuring, BPTR has reported 5 consecutive quarters of record profitability. 2004 revenues jumped 50% to $50.6M. Net income -- excluding a 1-time debt forgiveness gain -- soared to $5.1M from a $10.9M loss . . . a $16M improvement. Along the way, BPTR cut its total debt in half from $21.5M to $9.6M.
The Bears say . . .
Technical Risks. After its Nasdaq delisting in 2003, BPTR has continued to trade very thinly on the OTCBB. In 3 years, BPTR has traded as low as $0.01 and has just recovered from a critical $0.69 support level. The stock may have difficulty breaking a significant downtrend started in March.
The "ClipReport" is a daily newsletter distributed FREE to anyone interested in proprietary news and insight concerning small-, micro- and nano-cap stocks. Each week Knobias independently chooses one company to be highlighted in the SPOT. To qualify for selection, each company must: 1) trade on the Nasdaq National Market, Nasdaq Smallcap Market, Amex, OTCBB or Pink Sheets; 2) have a Market cap of less than $250 million; 3) have annual revenues greater than $1 million, 4) have a closing share price greater than 5 cents, and 5) have average daily volume of at least 10,000 shares. Knobias is never compensated for SPOT selections, and NO position will be held in SPOT stocks by Knobias, its management or staff while the stock is being highlighted
Posts: 188 | From: illinois | Registered: Jan 2004
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