Significant Revenue Growth - Enhanced Client Roster - Profitable.
TORONTO, Dec. 19 /CNW/ - BlueRush Media Group Corp. (TSX-V: BTV), is
pleased to report the filing of the company's consolidated financial results
for its first quarter ended October 31, 2007. 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 quarter include:
- Revenue of $429,838 was achieved: This figure represents 74% of total
revenue in all of fiscal 2007.
- New clients established: Interac Association and Le Clan agency
engaged BlueRush for rich media production expertise.
- Return business established: BlueRush continued to work with some of
Canada's largest institutions: Manulife, Scotiabank, Franklin
Templeton and Royal LePage.
- Profitable: BlueRush reports positive Net Income of $74,536 for the
Larry Lubin, BlueRush President and CEO stated. "While I am pleased with
our financial results, the company recognizes that this is but one quarter in
what we hope will be the successful execution of our long-term strategy. We
continue to work very hard to further grow the company, and achieve positive
results for our 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 on the 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