Broadview Media, Inc. Announces 3rd Quarter Results

Broadview Media, Inc. Announces 3rd Quarter Results

MINNEAPOLIS, Feb. 14 /PRNewswire-FirstCall/ -- Broadview Media, Inc. (BULLETIN BOARD: BDVM) today reported revenues for the third fiscal quarter ended December 31, 2005, of $2,566,058 versus $2,341,232 reported for the same period last year. Net income totaled $109,997 or $0.01 per basic and diluted share, versus a net loss of $127,045, or $0.02 per basic and diluted share for the same period last year. Results for all periods prior to July 1st, 2005 have been combined and restated in a manner similar to a pooling of interests to reflect the acquisition of Utah Career College (UCC).

Year to date revenues through December 31, 2005 totaled $7,504,147 in fiscal 2006 versus $6,704,108 in fiscal 2005. For the nine months ended December 31, 2005, the company reported a net loss of $420,587 or $0.05 per basic and diluted share, compared to a net loss of $342,360, or $0.05 per basic and diluted share in the previous year.

"We are pleased to report positive earnings in the third quarter reflecting our increased focus towards Education," said Terry Myhre, Broadview chairman and CEO.

Condensed Consolidated Statements of Operations Data

Three Months Ended Nine Months Ended
December 31, December 31,
2005 2004 2005 2004

Revenues $ 2,566,058 $ 2,341,232 $ 7,504,147 $ 6,704,108
Cost of products
and services sold 717,072 695,911 2,438,718 2,122,422
Gross profit 1,848,986 1,645,321 5,065,429 4,581,686
Selling, general
and administrative
expense 1,753,697 1,660,312 5,354,818 4,648,004
Operating income
(loss) 95,289 (14,991) (289,389) (66,318)
Other expenses 26,261 15,854 170,867 38,456
Income (loss) before
taxes 69,028 (30,845) (460,256) (104,774)
Provision (benefit)
for income taxes (40,969) 96,200 (39,669) 237,586
Net income (loss) $109,997 $(127,045) $(420,587) $(342,360)

BASIC AND DILUTED
NET INCOME (LOSS)
PER SHARE $ 0.01 $(0.02) $(0.05) $(0.05)

BASIC WEIGHTED
AVERAGE NUMBER
OF COMMON SHARES
OUTSTANDING 7,758,252 7,346,284 7,742,023 7,334,201

DILUTED WEIGHTED
AVERAGE NUMBER
OF COMMON SHARES
OUTSTANDING 8,808,252 7,346,284 7,742,023 7,334,201

Condensed Consolidated Balance Sheets December 31, March 31,
2005 2005

Current Assets $1,526,455 $ 2,050,636
Total Assets 3,552,515 3,466,458
Current Liabilities 1,231,609 569,912
Total Liabilities 1,467,708 1,011,065
Stockholders' Equity 2,084,807 2,455,393

About Broadview Media

Broadview Media is engaged in two business segments, Education and Media Production.

Education is conducted through Broadview Media's wholly owned subsidiary d/b/a Utah Career College located in West Jordan, Utah and is accredited to award diplomas and Associate degrees in multiple training courses including Paralegal, Veterinary Technology, Nursing and Business Administration.

Media Production operates full-service media production facilities in Chicago and Minneapolis, which provide creative and production services for educational courses, television programming, and business communications. Major clients include Scott Foresman, Houghton Mifflin, Pearson PLC, Home & Garden Television, The History Channel, Tellabs, United Way and Chicago's Children's Memorial Hospital.

The Company is publicly traded on the OTC Bulletin Board under the trading symbol BDVM.

Cautionary Statements

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations or forecasts of future events and can be identified by the use of terminology such as "believe," "estimate," "expect," "intend," "may," "could," "will," and similar words or expressions. Any statement that is not based upon historical facts should be considered a forward-looking statement. Forward-looking statements cannot be guaranteed and actual results may vary materially due to the uncertainties and risks, known and unknown, associated with such statements. Factors affecting the forward-looking statements in this release include those risks described from time to time in our reports to the Securities and Exchange Commission (including our Annual Report on Form 10-KSB). Investors should not consider any list of such factors to be an exhaustive statement of all of the risks, uncertainties or potentially inaccurate assumptions investors should take into account when making investment decisions. Shareholders and other readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statements.

For further information regarding risks and uncertainties associated with Broadview Media's business, please refer to the "Management's Discussion and Analysis or Plan of Operation" sections of Broadview Media's SEC filings, including, but not limited to, its annual report on Form 10-KSB and quarterly reports on Form 10-QSB, copies of which may be obtained by contacting Broadview Media at 952-835-4455, ext 214.

All information in this release is as of February 14, 2006. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations.

Source: Broadview Media, Inc.

CONTACT: Red White, Chief Operating Officer, of Broadview Media,
+1-952-852-0417, redw@BroadviewMedia.com

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