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.
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Initiating Coverage of BOLDFACE Group, Inc. with $1.50 Short Term Target
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.
"Cosmetics Cubed is expertly positioned to showcase and support the Kardashian Beauty brand, since they bring a wealth of experience and integrity to both brick and mortar and online beauty merchandising in Australia. They are known for superlative customer service and we are delighted to have them as a partner." said Nicole Ostoya, the CEO of the Company.
With Australian fans eagerly waiting for a venue to purchase the Kardashian Beauty brand, sales projections are optimistic. Kardashian Beauty will be available at the 38 Cosmetics Cubed venues with future distribution underway.
Source: NewsWire CA
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Founder and Editor-in-Chief for NBTEquitiesResearch.com. Contributor and Anchor for the Fox News Channel and Fox Business Network 2000-2013. Chairman & CEO of NBT Group, Inc., a boutique private capital investment bank and investor relations organization.
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