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BSML, Inc. Announces Revenue and Net Income for Its Third Quarter and First Nine Months Ended September 29, 2007.

Article Excerpt
WALNUT CREEK, Calif., Nov. 13 /PRNewswire-FirstCall/ -- BSML, Inc., formerly known as BriteSmile, Inc., (BULLETIN BOARD: BSML) today announced its financial results for its fiscal third quarter and first nine months ended September 29, 2007.

For the Company's third quarter ended September 29, 2007, revenues decreased approximately 15%, to $5.7 million, compared to $6.7 million in the third quarter of 2006. Center revenues, primarily related to performance of our whitening procedures, decreased by $1.1 million, while sales of our teeth whitening products through other channels, primarily the QVC network, remained essentially flat. The Company's net loss from continuing operations in the third quarter of 2007 was $0.7 million, or $0.07 per share, compared to $3.8 million, or $0.36 per share, in the third quarter of 2006.

The Company recorded a net loss from discontinued operations of $0.9 million for the third quarter ended September 29, 2007. This charge reflects the settlement of a claim involving Discus Dental, Inc., the purchaser of the Company's Associated Centers business in March 2006 and Longlife Health, Ltd., the Company's former distributor in the United Kingdom. The settlement amount will be paid from funds previously escrowed under the terms of the 2006 sale of the Company's Associated Centers business to Discus.

For the Company's first nine months ended September 29, 2007, revenues decreased approximately 4%, to $19.6 million, compared to $20.5 million in the first nine months of 2006. The Company's net loss from continuing operations in the first nine months of 2007 was $1.8 million, or $0.17 per share, compared to a net loss from continuing operations of $13.9...

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