BGI Announces June 30, 2006 Earnings
16 September 2006 - 7:38AM
Business Wire
BGI, Inc. (Pink Sheets:BGII) today announced unaudited earnings for
the three months ended June 30, 2006. Revenue decreased 5% to
$1,204,049. Net Income decreased from $343,051 in the second
quarter of 2005 to $158,170. Basic earnings per share decreased to
$0.03 to $0.01. Bill Schwartz, President and CEO, commented,
"Unfortunately the combination of increasing competition and the
redeployment of equipment from lesser performing locations to what
we believe will be higher performing locations has impacted both
revenue and expenses during the second quarter. The challenging
environment has continued into the third quarter with the hot dry
summer contributing to higher seasonal fluctuation than we have
seen in prior years." 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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