News releases

SAINTE-JULIE, June 30, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today announced its intention to amend the terms of its rights offering (the “Offering”) previously announced on May 3, 2010. Under the Offering, each registered holder of the Company’s common shares (“Shares”) as of a record date to be determined in conjunction with the Toronto Stock Exchange (the “TSX”) will receive one right (a “Right”) for each Share held. Four Rights plus the sum of $0.03 (the “Subscription Price”) are required to subscribe for one Share (the “Basic Subscription Privilege”). The Company had previously announced that the Subscription Price would be $0.05. The Rights will expire on a date to be announced (the “Expiry Date”), after which unexercised Rights will be void and without value. The Rights will be listed on the TSX. Shareholders who fully exercise their Rights may subscribe pro-rata for any additional Shares not otherwise subscribed for before the Expiry Date (the “Additional Subscription Privilege”).

SAINTE-JULIE, June 9, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today released financial results for its first quarter, ended May 1^st, 2010, which reflect steady sales volumes, an overall increase in gross margins, continued tight control over direct and indirect expenses, and the Company’s disciplined approach to inventory management.

SAINTE-JULIE, May 3, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today announced its intention to file a rights offering circular (the “Rights Offering Circular”) with the Toronto Stock Exchange (the “TSX”) and the securities regulators in respect of a rights offering to raise net proceeds of approximately $2.0 million (the “Offering”). Following the Offering and subject to the approval of the holders of its common shares (“Shares”), the Company intends to consolidate the outstanding Shares within a range of one new Share for every 100 currently outstanding Shares to one new Share for every 150 currently outstanding Shares (the “Consolidation”). The Company intends to proceed with the Offering and the Consolidation to address its capital requirements and capital structure in order to create its own opportunities.

SAINTE-JULIE, April 23, 2010 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today released its financial results for both the fourth quarter and full fiscal 2009, both of which ended January 30, 2010 and reflected the positive impacts of the Company’s flexible operating strategies adapted to match market realities.

SAINTE-JULIE, QUEBEC, September 11^th, 2009 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today released the results of its second quarter, ended  August 1^st, 2009, which reflected the negative combined impacts of H1N1 flu-related vacation cancellations in May, unseasonable summer weather in June and July, and the general economic downturn throughout the quarter.

SAINTE-JULIE, June 17th, 2009 — Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village”) opens a brand-new store in les Promenades Beauport in Quebec.  The new Bikini Village store at les Promenades Beauport , which reflects the chain’s modern new retail look, will offer the industry’s widest choice of swimwear, beachwear and accessories for men and women, 12 months a year.

SAINTE-JULIE, QUEBEC, June 12, 2009 – Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today released the results of its first quarter ended May 2, 2009, reporting steady total sales despite challenging economic, travel and retail conditions in virtually all markets. Net sales for the first quarter, which ended May 2, 2009, were $9.9 million – unchanged from the same period last year. Comparable sales, which compares sales from the same number of stores year-over-year, decreased by 4.6% for the first quarter.

SAINTE-JULIE, May 29, 2009 — Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village”) opens a brand-new store in Scarborough Town Centre, in Ontario.  The new Bikini Village store at Scarborough Town Centre, which reflects the chain’s modern new retail look, will offer the industry’s widest choice of swimwear, beachwear and accessories for men and women, 12 months a year.

Groupe Bikini Village inc. (TSX: GBV) (“Groupe Bikini Village” or the “Company”) today released the results of its fourth quarter of fiscal 2008 and of the full 2008 fiscal year, both of which ended January 31, 2009. The Company’s results reflect the mitigating effects of Groupe Bikini Village’s flexibility in the face of challenges like unseasonable summer weather and the general economic downturn faced by the entire industry in the second half of 2008.

STE-JULIE, QUEBEC, November 5, 2008 Groupe Bikini Village inc. (TSX: GBV) (the “Corporation”) continues to build momentum on its expansion and renovation strategy, with the opening of a brand-new store in the Upper Canada Mall in Newmarket, Ontario and the       re-opening of its renovated stores at Place Rosemère, Galeries d’Anjou and Place Montréal Trust in the Montreal area. Each of these stores now reflects the chain’s modern new retail look, and offers a bright and comfortable environment for shoppers who want the industry’s widest choice of swimwear, beachwear and accessories for men and women, all year long.

STE-JULIE, QUEBEC, October 30, 2008 – Groupe Bikini Village inc. (TSX: GBV) (the “Corporation”) is replacing the $3 million asset-based financing facility it previously had with RBC, Asset Financing, with a more flexible and less expensive conventional revolving demand facility of up to $3 million from RBC, Commercial Financial Services, and a lease facility of up to $1 million from RBC Leasing Services.    

STE-JULIE, QUEBEC, October 22, 2008 – Groupe Bikini Village inc. (TSX: GBV) (the “Corporation”) announces today the subscription by the Solidarity Fund QFL (the “Fund”) to an unsecured convertible debenture in the nominal amount of $2,000,000. This subscription is in addition to the $2,500,000 subscribed by the Fund on May 25, 2007 to an unsecured convertible debenture. It is made under the same terms and conditions and completes the $4,500,000 commitment made by the Fund on May 25, 2007.      

Groupe Bikini Village inc. (TSX: GBV) (the “Company”) today released its second quarter 2008 report, for the three months ended August 2, 2008. The second quarter results, which reflected the reduced demand and customer traffic caused by the unseasonable weather experienced in virtually all of the Company’s markets this summer, also illustrated the positive mitigating impacts of the Company’s ongoing expansion and renovation strategy.