Key Developments For Bluefly, Inc.
Bluefly, Inc. (BFLY.O) (Consolidated Issue listed on NASDAQ Capital Market)
Barry Erdos Joins Bluefly, Inc.'s Executive Team
Bluefly, Inc. announced that Barry Erdos has joined the Company to serve as President, COO and acting Chief Financial Officer(CFO) effective immediately. Erdos has been a director on the Bluefly board since February 2005 and joins Bluefly overseeing its operations and finance responsibilities.
Bluefly, Inc. Announces Resignation of Chairman of the Board-Form 8-K
Bluefly, Inc. announced in its Form 8-K that, Alan Kane resigned Chairman of the Board of the Company effective January 27, 2007.
Maverick Capital and Prentice Capital Agree to Purchase $50 Million Stake in Bluefly, Inc.
Bluefly, Inc. announced that private funds associated with Maverick Capital, Ltd. and an entity affiliated with Prentice Capital Management, LP reached a definitive agreement to purchase $50 million of newly issued common stock from the Company.
Bluefly, Inc. Issues Q4 and FY 2005 Revenue Growth Guidance
Bluefly, Inc. announced that it expects its net sales for the fourth quarter 2005 to increase at least 45% compared to fourth quarter 2004. This would result in a full year increase in net sales of approximately 34%.
Bluefly, Inc. Secures New Revolving Credit Facility of $7.5 Million from Wells Fargo
Bluefly, Inc. announced that it has received a new $7.5 million credit facility with Wells Fargo Retail Finance, LLC. The Company has the option to increase its maximum borrowing capacity under the facility up to $12.5 million. The Wells Fargo facility replaces the Company's $3.5 million credit facility with Rosenthal and Rosenthal, Inc.
