JLM Couture, Inc. Reports Annual Results for its Fiscal Year Ended October 31, 2011

February 7, 2012

JLM Couture, Inc. (OTCPink: JLMC.PK) reported net sales for its fiscal year ended October 31, 2011 increased 16.2% to $24.69 million compared to net sales of $21.24 million during the prior fiscal year.  The company reversed a year ago loss and reported net income of $300 thousand or $0.12 per share versus a net loss of $500 thousand or $(0.21) per share during the same period in the prior fiscal year.  The bottom line benefited from increased sales and higher gross profit margins.

As of October 31, 2011, the balance sheet reflected cash of $964 thousand, current assets of $10.07 million, total assets of $11.08 million and total liabilities of $1.89 million.

JLM Couture, Inc. is a multi-label bridal design house. The company’s collections include names such as Jim Hjelm, Alvina Valenta, Tara Keely and Hayley Paige. In addition, the company is also engaged in the manufacturing and distribution of bridal and bridesmaid gowns.

Source: JLM Couture, Inc.

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