Over 6 month period, company surpasses fiscal 2007 revenue totals and
TORONTO, March 14 /CNW/ - BlueRush Media Group Corp. (TSX-V: BTV), is
pleased to report the filing of the company's consolidated financial results
for its second quarter ended January 31, 2008. Through its wholly owned
subsidiary, BlueRush Digital Media Corp. ("BlueRush"), the company provides
leading edge digital marketing solutions and rich media production for
distribution across a variety of emerging medias.
Highlights for the second quarter include:
- Revenue of $618,024 was achieved: Over the first two quarters of
2008, BlueRush has eclipsed revenue generated over all four quarter
of 2007 by 84%.
- Profitable: BlueRush reports Net Income Before Taxes of $100,876
during the 2nd quarter - a 35% increase over the previous quarter
- New Clients: Bell Canada, AGF and Remax contract BlueRush for its
digital marketing solutions
- Recurring Business: BlueRush signs $5 million Memorandum of
Understanding and continues to work with some of Canada's largest
institutions: Manulife, Scotiabank, Franklin Templeton and
Larry Lubin, BlueRush President and CEO stated. "I am very pleased with
BlueRush's performance to date and give thanks to our employee's dedication
and hard work. With each and every project, we strive to exceed our client's
expectations as this is the most efficient method of realizing positive and
sustainable financial results. Over the past two quarters we have realized
significant growth in demand for our digital marketing solutions, as key
corporate decision makers are increasingly recognizing BlueRush as the leader
in digital media production. Through our unique deliverables and hard work
ethic, we aspire to continue to execute our long-term business plan to the
benefit of all shareholders."
Interested investors are encouraged to view the complete consolidated
financial statements as well as all other filings which are available at
www.sedar.com. Additionally, more information onthe company is available at
About BlueRush Media Group
BlueRush Media Group, through its wholly owned subsidiary, BlueRush
Digital Media ("BlueRush"), is a digital marketing company which combines
leading edge technology with award winning creative television production.
BlueRush creates innovative rich media solutions for distribution across all
new emerging medias: Internet, Web TV, iPods, Mobile Phones, Digital Signs and
Instore Kiosks. With expertise in programming, production, and marketing,
BlueRush provides its clients with digital video solutions which extend some
of the most recognizable brands into this emerging digital and Internet age.
BlueRush Media Group is a publicly listed company on the TSX Venture Exchange
("BTV"). For more information please visit www.bluerush.ca.
Certain statements in this press release are forward-looking statements.
The reader is cautioned that assumptions used in the preparation of such
information, although considered reasonable by BlueRush Media Group at the
time or preparation, may prove to be incorrect.
Actual results achieved during the forecast period will vary from the
information provided herein as a result of numerous known and unknown risks
and uncertainties and other factors, many of which are beyond the control of
BlueRush Media Group. There is no representation by BlueRush Media Group that
actual results achieved during the forecast period will be the same in whole
or in part as those forecast. All dollar amounts in this press release are
Canadian dollars unless otherwise identified.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
For further information:
For further information: Laurence Lubin, President & CEO,
firstname.lastname@example.org; Daniel Ezer, CFO, Daniel@bluerush.ca