BV! Media returns to profitability for the three-month period ended June 30, 2009 and appoints Jean-Pascal Lion to its Board of Directors



    MONTREAL, Aug. 26 /CNW Telbec/ - BV! Media inc. (TSX Venture Exchange:
BVM) released its interim financial statements for the three-month period
ended June 30, 2009 ("Q2 2009"). Compared to the three-month period ended June
30, 2008 ("Q2 2008"), revenues increased by 133 % to close to $3 million and
gross profit increased by 97%. BV! Media posted net earnings of $86,000 in Q2
2009, compared to a loss of $18,000 in Q2 2008. EBITDA was $227,000, an
increase of 255% compared to Q2 2008, while Adjusted EBITDA, which excludes
the effect of stock-based compensation, was $246,000.
    "We're very proud of the progress made since the beginning of the year
both operationally and in sales and marketing. A much stronger BV! Media has
emerged from the merger of Branchez-Vous! and NetWorldMedia and we're now well
positioned to benefit as the economy gears back to life", says Tom Vorias,
Chief Financial Officer of BV! Media. "While our goal is to continue to
increase margins, we're very happy with the rapid progress made in what is
currently a very tough operating environment."

    
    Table summarizing the main financial results

    All figures are in thousand $, except earnings per share, in $.
    -------------------------------------------------------------------------
                          Three months  Three months  Six months  Six months
                            ended June    ended June  ended June  ended June
                              30, 2009      30, 2008    30, 2009    30, 2008
    -------------------------------------------------------------------------
    Revenues                     2,986         1,281       5,460       2,215
    -------------------------------------------------------------------------
    Cost of sales                1,509           530       2,727         953
    -------------------------------------------------------------------------
    Gross profit                 1,477           751       2,732       1,262
    -------------------------------------------------------------------------
    Operating expenses           1,358           796       2,700       1,319
    -------------------------------------------------------------------------
    Net earnings                    86           (18)         22         (26)
    -------------------------------------------------------------------------
      Interest                       1             -           2           -
    -------------------------------------------------------------------------
      Current income taxes          33             -          33           -
    -------------------------------------------------------------------------
      Future income taxes            -             -         (23)          -
    -------------------------------------------------------------------------
      Depreciation and
       amortization                107            50         214          67
    -------------------------------------------------------------------------
      Impairment of
       intangible assets             -            33           -          33
    -------------------------------------------------------------------------
      Loss on disposal
       of fixed assets               -             -          22           -
    -------------------------------------------------------------------------
      Loss (gain) on
       disposal of investment        -             -          (1)          -
    -------------------------------------------------------------------------
    EBITDA(*)                      227            65         268          79
    -------------------------------------------------------------------------
      Stock-based
       compensation                 19            18          49          35
    -------------------------------------------------------------------------
    Adjusted EBITDA(*)             246            83         317         115
    -------------------------------------------------------------------------
    Earnings per share            0.00         (0.00)       0.00       (0.00)
    -------------------------------------------------------------------------

    (*): EBITDA is defined as earnings before interest, income taxes,
    depreciation and, amortization, impairment of intangible assets, and
    impairment or loss on sale of investments and fixed assets. Adjusted
    EBITDA is defined as EBITDA to which the Corporation adds stock-based
    compensation, as 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 the Corporation 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.
    

    Nomination of Jean-Pascal Lion as Board member

    The Board appointed Jean-Pascal Lion as Board member. Jean-Pascal Lion
retired last month from his position of Vice-President, Marketing at Yellow
Pages Group, where he had led the growth of strategic initiatives on Internet
and mobile platforms. Jean-Pascal Lion had previously been involved, in top
marketing and strategic positions, in interactive media projects for Bell and
Videotron.
    "We're delighted to welcome his deep expertise in technology and
advertising", says André Bisson, chairman of the Board. "Jean-Pascal knows key
players at very large media companies, as well as promising start-ups that
have the potential to revolutionize our business. This will help us execute
our strategy, mixing market consolidation and innovation."

    Appointment of Gino Coutu as co-CEO

    The Board appointed Gino Coutu, formerly co-President and Chief Operating
Officer of the Corporation, to his new position as co-President and co-Chief
Executive Officer. Gino Coutu and Patrick Pierra will now share the President
and CEO positions. "As head of our flagship advertising network division, Gino
plays a key role in driving growth and generating profits for our
shareholders, and therefore it's logical that he now shares the top leadership
position", says Patrick Pierra.

    About BV! Media inc.

    BV! Media is a leading Canadian Internet media company, active in
Internet content and advertising.
    BV! Media operates the leading Canadian interactive advertising network
with over 400 high quality sites. The BV! Media network reaches over 12
million unique users per month across Canada (source: comScore, June 2009).
    BRANCHEZ-VOUS!, the content division of BV! Media, produces and
commercializes French-language Internet content. It operates
BRANCHEZ-VOUS.com, a news/tech portal, and Showbizz.net, an entertainment news
site.
    BV! Media is listed on the TSX Venture exchange under the symbol BVM and
has approximately 60.4 million shares outstanding. Additional information on
the Corporation can be obtained on SEDAR and at www.bvmedia.ca

    
    The TSX Venture exchange has neither approved nor disapproved the
    contents of this press release.
    




For further information:

For further information: Media: Patrick Pierra, Co-President 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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