BOLDFACE Group, Inc. reported financial results for the third quarter and nine months ended March 31, 2013. Gross revenues were $3.608 million for the third quarter, compared to $1.754 million for the second quarter. Net revenues were $3.023 million for the third quarter, compared to $1.526 million in the second quarter. During the nine months ended March 31, 2013, the company achieved gross revenues of $5.362 million and gross profit margins of 46%. Net loss was $1.344 million or $0.02 per fully diluted share for the nine-month period, including $0.5 million in stock-based compensation expense and non-cash interest expense of $0.6 million, and a derivative liability gain of $3.3 million during the period.

BOLDFACE Group, Inc. announced that the company has entered into a licensing agreement with Pretty Ugly, LLC to expand the category of Beauty and Personal Care line of products.

BOLDFACE Group, Inc. announced a further expansion of its board of directors to five members. Joining the board as an independent director is Victor Azrak. In addition, the company also engaged Frank Peticca to provide the company with strategic planning, operational efficiencies and financial management consulting services. Most recently, Mr. Peticca was Executive Vice President of Finance and Operations for Li and Fung USA's Accessories Group.