It’s time to face facts, love them or hate them, the Kardashian’s are worldwide. And to prove this point, look no further than today’s recent announcement. Today, BoldFace announced they have secured a contract with Australian distributor Cosmetics Cubed led by beauty by industry visionary, Jo Horgan. The current Kardashian Beauty line will be distributed by Cosmetics Cubed to be sold at Mecca Maxima ad KIT Stores in Australia and New Zealand.

Here is a startling statistic—what is the number ONE prime time reality show in the UK? Keeping Up With The Kardashians!

Europe in general are BIG Kardashian fans…so getting distribution for the Kardashian Beauty line is key to the BoldFace Group, Inc. strategy for selling Kardashian Beauty worldwide.

Check out their web site here  and here.

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,

Boldface Group (BLBK) closed a $1.5 million financing round which allows them to greatly expand the marketing effort behind their “Kardashian Beauty” line of cosmetics.

Boldface Group and plush toy maker Uglydoll have teamed together to create a new product line of products and accessories that will speak to the unique personality of the UGLYDOLL brand. Products will include Bath, Soap, Shower and Body Care products and Lip Balms, Fragrance, Bath Accessories, and more.

Our celebrity beauty licensing company Boldface Group announced this week that CVS/pharmacy® has expanded the Beauty Brand's presence to 2100 key beauty doors after a successful initial launch of the Company's limited edition Holiday line.

CVS is one of the KEY retail stores for cosmetics in United States—it’s the store that launched Selma Hayek’s Nuance $100 million cosmetic line—they CLEARLY know how to sell celebrity cosmetics to their customer.

Here is the business plan BLBK has used to raise $5 million in equity. We can hardly wait for a financial forecast updated for the new accounts.

BoldFace Investor Presentation

Disclaimer

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.

Investment Thesis: