BRAVADA Muscle Flex Inc. (www.BravadaLtd.com) (Pink Sheets:MFLI) announced today that it is increasing its full year 2010 revenue guidance to a range of $1.1 - $1.4 million top line revenue with expected pro-forma profits of between $175,000 - $225,000. For 2011, BRAVADA (MFLI) is providing initial full year revenue guidance between $3.85 - $4.10 million. For Q2 2010, BRAVADA maintains its 350% - 400% quarter over quarter growth but expects significant revenue growth in late Q3 and Q4 2010. BRAVADA believes it is taking a conservative approach to forecasting its 2010 and 2011 profit and revenue guidance.
BRAVADA is increasing its revenue guidance due to a number of projects it expects to begin cash flowing in late Q3 2010 that are as of yet undisclosed but expects to make these material announcements very shortly. BRAVADA’s revenue guidance does not include revenue associated with its reality show, BRAVADA Girl. The company is basing its forecasts on growth from its BRAVADA Women’s Athletica retail stores, revenue growth from its online properties in addition to its other Q3 project it expects to announce shortly.
“As a company, BRAVADA has matured and as CEO, I am taking a conservative approach to forecasting our revenue numbers and pro-forma profits outlook,” replied Danny Alex, CEO of BRAVADA International, aka Muscle Flex. “We also expect to have our new trading symbol in the near future that represents our new corporate name BRAVADA International Ltd. There are a lot of projects that BRAVADA is doing and execution is critical to maximize profitability for shareholders. I do not intend on disappointing anyone.”
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About BRAVADA Muscle Flex – MFLI (www.BravadaLtd.com)
BRAVADA Muscle Flex is a leading edge media, health, fitness and lifestyle company that develops exciting brands through the development of internet and television media content. BRAVADA is dedicated to providing the highest quality of products, services and media that enriches and provides betterment for individuals both physically and emotionally. Through its dedication to quality, BRAVADA International delivers its products, services and media by empowering an individual through a positive experience and lifestyle through innovation.
This press release contains forward-looking information and is subject to Safe Harbor. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Muscle Flex Inc. to be materially different from the statements made herein. “Muscle Flex” is a Registered Trademark of Muscle Flex Inc. “The Complete Package, “BRAVADA” are trademarks of Muscle Flex Inc.