BV! Media announces record results for the three-month period ended June 30,
2010

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.

SOURCE BV! MEDIA INC.

For further information: For further information: 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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BV! MEDIA INC.

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