BVM BV Media

MONTREAL, Aug. 10 /CNW/ -- MONTREAL, Aug. 10 /CNW Telbec/ - BV! Media Inc. (TSX Venture Exchange: BVM) released its interim financial statements for the three-month period ended June 30, 2010 ("Q2 2010"). Compared to the three-month period ended June 30, 2009 ("Q2 2009"), revenues increased by 49% to $4.4 million, topping $4 million in any single quarter for the first time in the company's history. Gross profit was also up strongly by 64%, as was reported EBITDA of $837,214, which is a 269% improvement over Q2 2009. Adjusted EBITDA of $866,682 is 252% higher than Q2 2009 and net income of $506,796 is up 490% over the same period last year. "We are very encouraged by the rapid traction that we've been able to obtain following the opening of our Toronto office earlier this year," says Tom Vorias, Chief Financial Officer of BV! Media. "The reception that we've received from clients and partners has been remarkable and has contributed to us surpassing a new revenue milestone this quarter. A more favorable economic environment as well as a continued focus on our cost structure also contributed to the improved profitability in Q2 2010." Table summarizing the main financial results All figures are in $. ------------------------------------------------------------------------- For three-month period ended: June 30, 2010 June 30, 2009 ------------------------------------------------------------------------- Revenues 4,435,544 2,985,739 ------------------------------------------------------------------------- Gross profit 2,428,062 1,476,894 ------------------------------------------------------------------------- Net earnings 506,796 85,915 ------------------------------------------------------------------------- Basic and diluted earnings per share 0,01 0,00 ------------------------------------------------------------------------- EBITDA* 837,214 226,794 ------------------------------------------------------------------------- % EBITDA on sales 18.9% 7.6% ------------------------------------------------------------------------- Adjusted EBITDA* 866,682 245,885 ------------------------------------------------------------------------- * : EBITDA is defined as earnings before interest, income taxes, depreciation and amortization, impairment of fixed assets, intangible assets and long-term investments. Adjusted EBITDA is defined as EBITDA to which the corporation adds stock-based compensation, since this expense does not result in any use of operating cash flows by the Corporation. EBITDA and Adjusted EBITDA are provided as a supplementary earnings measure to assist readers in determining the ability of BV! Media to generate cash from operations and to cover financial charges. They are also widely used for business valuation purposes. These measures do not have a standardized meaning prescribed by Canadian generally accepted accounting principles and may not be comparable to similar measures presented by other companies. About BV! Media Inc. BV! Media is a leading Canadian Internet advertising network, representing exclusively over 400 top-tier publishers with a combined reach of over 15 million unique visitors per month in Canada, and the publisher of the BRANCHEZ-VOUS! news and information portal. BV! Media is listed on the TSX Venture exchange under the symbol BVM and has approximately 60.5 million shares outstanding. Additional information on the Corporation can be obtained on SEDAR and at www.bvmedia.ca. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Media: Patrick Pierra, President, Content and co-Chief Executive Officer, 514.337.9065 ext. 249, ppierra@bvmedia.ca; Analysts and investors: Tom Vorias, Chief Financial Officer, 514.337.9065 ext. 223, tvorias@bvmedia.ca

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