BGI Releases Unaudited December 31, 2004 Financial Results
May 11 2005 - 3:49PM
Business Wire
BGI, Inc. (OTC Pink Sheets: BGII) today released unaudited December
31, 2004 and 2003 financial statements and results. Revenue
increased 56% to $2,294,175 for the year ended December 31, 2004 as
compared to $1,469,020 for the year ended December 31, 2003. The
company recorded Net Income of $466,497 for the year ended December
31, 2004 as compared to a Net Loss of $122,554 for the year ended
December 31, 2003. Earnings per share was $0.04 for the year ended
December 31, 2004 as compared to a loss of $0.01 for the year ended
December 31, 2003. The unaudited financial statements may be viewed
at www.pinksheets.com or on the Company's website www.bgicorp.com.
Bill Schwartz, President and CEO commented "The whole team at BGI
is very proud that we were able to turn the Company around and post
great results in 2004. We hope to continue the success into 2005."
He added, "We are planning to release timely quarterly financial
statements going forward in order to keep our shareholders better
informed." Statements that BGI may publish, including those in this
announcement that are not strictly historical, are
"forward-looking" statements made under the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are inherently unreliable and actual
results may vary. Factors which could cause actual results to
differ from these forward-looking statements include but are not
limited to changes in the competitive marketplace, changes in the
regulatory environment and economic conditions. The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise. About BGI, Inc. BGI, Inc.
(http://www.bgicorp.com) is a gaming company that designs,
distributes and markets sweepstakes-driven gaming products. The
Company's primary products -- the Charity Station sweepstakes
machine and the Lucky Strike Phone card machine - use a sweepstakes
game as an incentive to help non-profit organizations raise funds
and sell phone cards, respectively. BGI, Inc. was founded in 1994
and has offices in Austin, Texas. The Company currently trades on
the OTC Pink Sheets under the symbol BGII.
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