BRANCHEZ-VOUS! published its interim financial results for the second quarter of 2008



    MONTREAL, Aug. 22 /CNW Telbec/ - BRANCHEZ-VOUS! inc. (TSX Venture
Exchange: BZV) published its interim financial results for second quarter
ended June 30, 2008. These results reflect a transition period, as several
recently acquired web sites had not yet been fully integrated by the
Corporation.

    MAIN ITEMS OF THE CONSOLIDATED STATEMENTS OF EARNINGS

    
    (Figures in thousand $ except for earnings per share, in $)
    -------------------------------------------------------------------------
                             Three         Three           Six           Six
                            months        months        months        months
                             ended         ended         ended         ended
                           June 30,      June 30,      June 30,      June 30,
                              2008          2007          2008          2007
    -------------------------------------------------------------------------
    Revenues                 1,281         1,370         2,215         2,245
    -------------------------------------------------------------------------
    Cost of sales              530           671           953         1,059
    -------------------------------------------------------------------------
    Gross profit               751           699         1,263         1,186
    -------------------------------------------------------------------------
    Operating expenses         796           465         1,319           895
    -------------------------------------------------------------------------
    Net earnings               (18)          235           (26)          293
    -------------------------------------------------------------------------
    EBITDA(*)                   64           244            79           309
    -------------------------------------------------------------------------
    Adjusted EBITDA(*)          82           255           115           333
    -------------------------------------------------------------------------
    Earnings per share       (0.00)         0.01         (0.00)         0.01
    -------------------------------------------------------------------------
    (*) Adjusted EBITDA is defined as earnings before interest, income taxes,
      depreciation and amortization, to which the corporation adds stock-
      based compensation, as this expense does not result in any use of
      operating cash flows by the Corporation. Adjusted EBITDA is provided
      as a supplementary earnings measure to assist readers in determining
      the ability of BRANCHEZ-VOUS! to generate cash from operations and to
      cover financial charges. It is also widely used for business
      valuation purposes. This measure does not have a standardized meaning
      prescribed by Canadian generally accepted accounting principles and
      may not be comparable to similar measures presented by other
      companies.

    MAIN ITEMS OF THE CONSOLIDATED BALANCE SHEETS

    (Figures in thousand $ except for book value per share, in $)

    -------------------------------------------------------------------------
                                                       June 30,  December 31,
                                                          2008          2007
    -------------------------------------------------------------------------
    Assets                                               3,146         2,777
    -------------------------------------------------------------------------
      Intangible assets                                  1,046           111
    -------------------------------------------------------------------------
    Liabilities                                            860           903
    -------------------------------------------------------------------------
    Shareholders' equity                                 2,286         1,874
    -------------------------------------------------------------------------
    Book value per share                                0.0752        0.0639
    -------------------------------------------------------------------------

    Compared to the quarter ended June 30, 2007:

    - revenues decreased by 6%, due to the absence, in 2008, of Astral Media
      sites which were represented by BRANCHEZ-VOUS! In 2007;
    - gross profit increased by 7%, mostly due to increased sales on sites
      owned by the corporation, including several sites acquired since the
      beginning of 2008; and
    - operating expenses increased by 71%, mostly due to increased costs for
      content production and sales-related salaries, as well as amortization
      and depreciation of intangible assets related to web sites acquired or
      invested into by the corporation.
    

    Due to amortization and depreciation, the corporation had a net loss of
$ 18,452 in the second quarter of 2008. However, EBITDA was positive, at
$ 63,836, and Adjusted EBITDA - which eliminates the financial impact of
non-cash charges related to stock options - was at $ 81,693 for the second
quarter of 2008.
    "The increase in gross profit bodes well for the development of our media
offering", says Patrick Pierra, CEO of BRANCHEZ-VOUS!. "In the second quarter,
we had not yet fully integrated our largest acquisition, the Showbizz.net and
Matin.qc.ca sites, which we expect will contribute to increased sales. While
amortization of intangible assets for sites we acquired may drag down earnings
for some time, we are confident that our activities can generate positive cash
flow."

    ABOUT BRANCHEZ-VOUS!

    BRANCHEZ-VOUS! is a leading Montreal-based Internet media company, active
in Internet content and advertising.
    BRANCHEZ-VOUS! Advertising sells Internet advertising space. It
commercializes the BRANCHEZ-VOUS! Network, the largest French-language
Internet advertising network in Canada with over 200 French-language web
sites, over 50 of which are represented on an exclusive basis; these include
AlloCine.com, ChezMaya.com, Cinoche.com, CommentCaMarche.net,
GlobeTrotter.net, LeDevoir.com and JeuxVideo.com. The BRANCHEZ-VOUS! Network
reaches approximately 3 million French Canadians each month. BRANCHEZ-VOUS!
Advertising also represents the myTELUS.com portal in Quebec.
    BRANCHEZ-VOUS! Content produces, publishes and commercializes
French-language Internet content. It operates BRANCHEZ-VOUS.com, the largest
independent portal in Quebec, which primarily targets an audience of active
adults working in and/or interested by technology; the Showbizz.net
entertainment news site - which includes LeCinema.ca (movies) and
HumourQuebec.com (humour); and the Fanatique.ca sports site.
    BRANCHEZ-VOUS! is listed on the TSX Venture exchange under the symbol BZV
and has approximately 30.4 million shares outstanding. Additional information
on the Corporation can be obtained on SEDAR and at
www.branchez-vous.com/inc/english . The TSX Venture exchange has neither
approved nor disapproved the contents of this press release.




For further information:

For further information: Media: Patrick Pierra, President and CEO, (514)
842-3838 ext.249; Investors and analysts: Ramzy Metwalli, CFO, (514) 842-3838
ext. 302; http://www.branchez-vous.com/contacts/

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BRANCHEZ-VOUS!

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BV! MEDIA INC.

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