BGI Announces September 30, 2006 Earnings
November 15 2006 - 11:59AM
Business Wire
BGI, Inc. (Pink Sheets:BGII) today announced unaudited earnings for
the three months ended September 30, 2006. Revenue decreased 6% to
$1,131,782 in the third quarter of 2006 from 1,205,852 in the third
quarter of 2005. Net Income decreased 2% from $263,592 in the third
quarter of 2005 to $258,621. Basic earnings per share was flat at
$0.02. Bill Schwartz, President and CEO, commented, �We saw revenue
pick up late in the quarter as gas prices dropped and our
promotional spending started to pay off. We hope that momentum will
continue through the end of the year.� 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 product � the Lucky Strike Phone card machine �
uses a sweepstakes game as an incentive to sell phone cards. 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. BGI, Inc. (Pink Sheets:BGII) today announced unaudited
earnings for the three months ended September 30, 2006. Revenue
decreased 6% to $1,131,782 in the third quarter of 2006 from
1,205,852 in the third quarter of 2005. Net Income decreased 2%
from $263,592 in the third quarter of 2005 to $258,621. Basic
earnings per share was flat at $0.02. Bill Schwartz, President and
CEO, commented, "We saw revenue pick up late in the quarter as gas
prices dropped and our promotional spending started to pay off. We
hope that momentum will continue through the end of the year."
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 product -- the Lucky Strike Phone card machine --
uses a sweepstakes game as an incentive to sell phone cards. 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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