BrandPartners Announces Q3 2008 Results

BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), a provider of integrated environmental and customer experience solutions to the retail financial services industry, today announced its financial results for the quarter ended September 30, 2008.

The Company’s revenues during the third quarter ended September 30, 2008 were $8.9 million versus $8.4 million during the quarter ended September 30, 2007. Revenues for the nine months ended September 30, 2008 were $26.9 million versus $35.4 million during the nine months ended September 30, 2007.

In addition, third quarter 2008 results included:

• Operating income of $71,565 versus operating loss of $594,760 during the same period last year. Operating income for the nine months ended September 30, 2008 was $1.5 million versus $0.7 million during the same period last year.
• Net Loss of $233,262, or $.01 per fully diluted share, versus Net Loss of $935,013, or $.03 per fully diluted share, for the same period last year. Net Income for the nine months ended September 30, 2008 was $582,476, or $.01 per fully diluted share, versus a Net Loss of $257,007, or $.01 per fully diluted share, during the same period last year.
• Gross margin was 23.0% versus 19.7% for the same period last year. Gross margin for the nine months ended September 30, 2008 was 27.8% versus 22.6% during the same period last year.
• Selling, general and administrative expenses were $2.0 million versus $2.3 million during the same period last year. Selling, general, and administrative expenses for the nine months ended September 30, 2008 were $6.0 million versus $7.2 million during the same period last year.
• Interest expense was $304,827 versus $340,253 during the same period last year. Interest expense for the nine months ending September 30, 2008 was $890,704 versus $1,002,000.

“Although we are fighting the headwinds of the financial crisis, we came close to doubling our operating income through the third quarter as compared to the same period last year. This was the result of our commitment to controlling costs and delivering high quality projects in a timely manner. The current environment is extremely unpredictable, but we believe that a high level of mergers and acquisitions activity and the likely movement of funds from equities to bank deposits could ultimately lead to some interesting opportunities for us in 2009 and 2010”, stated James F. Brooks, BrandPartners’ CEO.

About BrandPartners

BrandPartners Group, Inc. (OTC Bulletin Board: BPTR), through its wholly owned subsidiaries provides an integrated approach to customer environments through brand translation, business strategies, design-build services, retail display 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 30,000 retail locations. The company serves its clients from its Rochester, New Hampshire headquarters and regional U.S. offices.

Cautionary Language

Statements in this news release that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s reports and registrations statements filed with the Securities and Exchange Commission.