NBT Research Report

We are initiating coverage of BOLDFACE Group, Inc. with a Speculative Buy Rating and $1.50 target price on 87.4MM million shares fully diluted and 5 X DPV of 2015 NBT revenue forecast of @$40 million.


Initiating Coverage of BOLDFACE Group, Inc. with $1.50 Short Term Target
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Boldface Group Issues Letter to Shareholders

Coming off a great last quarter, CEO Nicole Ostoya posted its first Shareholder's letter highlighting its results through the third quarter.  Here is the excerpt from that letter:

“Dear Shareholders,

We are so pleased  to send our first shareholder letter to our  founding shareholder group. In a mere  nine months we have created some incredible traction. Founded on the idea that celebrity branding has become much  smarter and design  oriented, we created a full-service licensing company that caters to brands with longevity and market potential.

The first nine  months were  marked by  many firsts   for  BOLDFACE. Our   first and   founding  brand backed by  the  Kardashian Sisters, Kourtney, Kim  and  Khloé,  had  a holiday preview  where we  had  great sell through in the majority of our retail  locations. We set up our offices in  Santa  Monica   California and  currently have  7  full-time  employees covering various areas of expertise.

We  have  spent  considerable time  strengthening our  operations and  have  partnered  with Covalent Works as our  EDI provider and Walker International as our fulfillment center.  In addition we have worked out our back of the house process to keep  cost of goods in line with plan. To date, our  holiday preview came  in at over  $ 1.5 million net wholesale revenue and YTD our  gross  wholesale stands  at 5,362M.

We are looking to the future with optimism and big plans.”

We here at NBT are excited to see how the next quarter will turn out for BoldFace.

You can view the entire letter here.


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KK, NOT! Will not invest in anything involving her.

this will probably tank like a majority of the other reco's from Tobin.  So disappointed in my boy from FOX.

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