Featuring: publicly traded & venture capital companies on the U.S. (NYSE, NASDAQ, AMEX & OTC: BB) and Canadian (TSX & TSX-V) stock exchanges, Investment & Money Management Ideas.
Press Release - Bill the Butcher Inc. (BILB-OTC: BB)
Bill the Butcher represents a retail model that is the return of the neighborhood butcher shop. We have positioned the business to take advantage of the megatrend, which is a return to healthy eating with meats being local meats from farmers and ranchers that do not contain antibiotics, hormones or steroids. We have six stores open in the greater Seattle area, and a seventh store under construction, with our eight and nine stores already under lease... - Ms. J’Amy Owens (Interview published June 24, 2011) BILB
The Most Powerful Name In Corporate News and Information.
Bill the Butcher
Reports Third Quarter Results
BILB | 7/22/2011 10:46:57 AM
SEATTLE, Jul 22, 2011 (GlobeNewswire via COMTEX News Network) --
Bill the Butcher (OTCBB:BILB), the return of the neighborhood butcher shop, announced third quarter results.
As a result of the above, our net loss and basic and diluted loss per common share for the quarter was $719,000 and $(0.03) per share, respectively.
-- Six stores currently in operation in greater Seattle area -- Signed leases and began construction for stores 7 and 8 -- Sites selected and leases negotiated for stores 9 and 10 -- Bill the Butcher has completed most improvements on a new commissary which will improve whole animal purchasing, and increase margins 8% to 12%, and allow internet commerce -- 108,097 Individual customer transactions to date -- 3,500 Facebook and Twitter Fans/Followers -- Average sales ticket total of $29
"In only our seventh quarter of operations we are pleased in G&A expense and thrilled about our store performance. With over 100,000 customer transactions and thousands following us on social media it is the embrace of the customer to our mission and cause that is most gratifying to me," stated Bill the Butcher CEO, J'Amy Owens.
Seattle-based Bill the Butcher, Inc. sells organic, grass fed and natural meats through corporate-owned neighborhood butcher shops. The Company works directly with local ranchers and farmers, who follow sustainable and organic practices, to deliver the highest quality meat that is healthiest for consumers while being good for the environment. Founded in 2009, Bill the Butcher is publicly traded under the symbol (OTCBB:BILB). Learn more at http://www.billthebutcher.com.
This press release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934 and
Section 27A of the Securities Act of 1933, including, but not
limited to, statements related to our expansion plans and the
development, build-out, and operation of our new commissary.
Forward-looking statements reflect management's current
expectations, as of the date of this press release, and involve
certain risks and uncertainties. The Company's actual results could
differ materially from those anticipated in these forward-looking
statements as a result of various factors, including our ability to
raise additional capital to fund our business and continue as a
going concern; our ability to successfully implement our growth
plan; our dependence on the financial performance of stores located
in one geographic area; our ability to identify favorable sites for
future stores and to obtain leases for new stores on acceptable
terms; our ability to improve store sales and margins; and
uncertainties related to expansion into new geographic markets.
These and other factors that could cause future results to
materially differ from our recent results or those projected in our
forward-looking statements are described under the caption "Risk
Factors" and elsewhere in our Quarterly Report on Form 10-Q for the
quarterly period ended February 28, 2011 and in our other periodic
reports filed with the Securities and Exchange Commission. You
should not rely unduly on these forward-looking statements, which
apply only as of the date of this release. We undertake no duty to
publicly announce or report revisions to these statements as new
information becomes available that may change our expectations.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Bill the Butcher, Inc.
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
ceocfointerviews.com does not purchase or
recommendation on stocks based on the interviews published.