BSML Invesco BulletShares 2021 Municipal Bond

WALNUT CREEK, Calif., April 9 /PRNewswire-FirstCall/ -- BSML, Inc., formerly known as BriteSmile, Inc., (NASDAQ:BSML) today announced its financial results for its fiscal year ended December 30, 2006. Revenues from continuing operations increased approximately 20%, to $26.2 million in 2006 from $21.8 million in 2005. The company's net loss from continuing operations was $13.5 million in 2006, compared with $15.8 million in 2005. Included in the net loss from continuing operations for 2006 are one-time items of $6.3 million that include $1.3 million of severance expense and a $5.0 million loss associated with early extinguishment of debt. The Company does not expect similar expenses in 2007 or future periods. The Company's sale of its Associated Centers business resulted in income from discontinued operations of $17.9 million in 2006. Net income in 2006 was $4.4 million, compared with a net loss of $17.8 million in 2005. Fully diluted income per common share was $0.41 in 2006, compared with a loss per common share of $1.69 in 2005. The Company's net loss per common share from continuing operations in 2006 was $1.28 in 2006 compared with a net loss per common share of $1.50 in 2005. Dr. Julian Feneley, BSML's President and Chief Executive Officer, commented on the Company's results as follows: "These 2006 financial results reflect a year of successful corporate restructuring coupled with strong top-line growth in our continuing whitening center business. We are looking forward to moving ahead under our re-focused and streamlined business model." The Company finished its 2006 fiscal year with $4.7 million in cash, compared with $5.5 million at December 31, 2005. However, the Company also has restricted cash accounts totaling $6.4 million as of the end of 2006, compared with $1.5 million as of December 31, 2005. BSML, Inc., formerly known as BriteSmile, Inc., has developed and markets the most advanced teeth whitening technology available, as well as manages state-of-the-art BriteSmile Professional Teeth Whitening Centers. BSML Spa Centers are currently operating in Beverly Hills, Irvine, Palo Alto, Walnut Creek, San Francisco and La Jolla, CA; Houston, TX; Denver, CO; Boston, MA; McLean, VA; Atlanta, GA; New York, NY; Chicago and Schaumburg, IL; and, Phoenix, AZ. For more information about BSML's procedures, call 1-800-BRITESMILE or visit the Company's Website at http://www.britesmile.com/. This release, other than historical information, consists of forward- looking statements that involve risks and uncertainties. Readers are referred to the documents filed by BSML with the Securities and Exchange Commission, specifically the Company's most recent reports on Forms 10-K and 10-Q, that identify important risk factors which could cause actual results to differ from those contained in the forward-looking statements. BSML and its affiliates disclaim any intent or obligation to update these forward-looking statements. DATASOURCE: BSML, Inc. CONTACT: Investors, Rich De Young, CFO, +1-925-279-2883, or Media, Dr. Julian Feneley, CEO, +1-925-279-2870, both of BSML, Inc. Web site: http://www.britesmile.com/

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