ROCHESTER, N.H.–(BUSINESS WIRE)–BrandPartners Group Inc. (OTC Bulletin Board: BPTR), a leader in delivering retail environment solutions to the financial services industry, has engaged Continental Advisors SA to pursue a capital raise in Europe with institutional investors. If successful, funds raised may be used to reduce debt, for working capital, or for strategic acquisitions and initiatives, BrandPartners is also in discussions via Continental to open a new European subsidiary to service banks throughout Europe.
The company also announced new business signed recently across its various product lines. $1.6 million in business was signed with national and regional banks, which included merchandising, banners, and windows programs. In addition, $250,000 in design services was signed, with an additional $1 million in letters of intent for construction and renovation services. The company also signed $500,000 of contract furniture with non-financial companies, including a university and media company. An additional $1 million in revenue was also recorded for various projects with community banks, including residual orders serviced by our logistics facility.
According to James Brooks, CEO, "We are excited about the opportunity to work with Continental to explore fundraising activities that could help us improve our balance sheet and possibly provide funding for growth initiatives. While our industry is still fighting its way out of the credit crisis, we are signing new business and are hopeful that a momentum shift is occurring as banks realize how important the in-branch customer experience is to regaining the trust of consumers and growing deposits. We believe that our value proposition will allow us to drive business, and we look forward to working with Continental to potentially provide the company with growth capital for our initiatives"
About BrandPartners Group
BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), through its wholly owned subsidiary BrandPartners Retail, Inc. provides an integrated approach to customer environments through brand translation, business strategy, design/build services, retail displays and in-branch communications products and services, from concept and design through implementation and training. BrandPartners installations are in more than 2,000 companies at more than 36,000 retail locations. The company serves its clients from its Rochester, New Hampshire home office and regional U.S. offices.
