Broadview Press Inc.

Broadview Press Inc.

November 20, 2008 12:14 ET

Broadview Press Inc. Announces Q3 2008 Results

CALGARY, ALBERTA--(Marketwire - Nov. 20, 2008) - Broadview Press (TSX VENTURE:BDP) reports net sales for Q3 2008 of $1,365,097 (Q3 2007 = $1,986,468). Over the first three quarters net sales totaled $2,239,309 (2007 = $3,095,321). The reduction in sales levels from 2007 levels comes in the wake of the Company's May 1 sale of its History and Social Sciences lists to the University of Toronto Press; the Company's focus is now exclusively as a publisher in the Humanities (traditionally its area of greatest strength).

Because Broadview's operations are seasonal, the Company historically posts losses in the first and second quarters, typically followed by profits in the third and fourth quarters. For Q3 2008 the Company is reporting a net profit of $197,551 (2007: $304,049), and for the first nine months of the year a net loss of $196,587 (2007:a net loss of $250,880).

Broadview's quarterly financial statements, as well as its management discussion and analysis of these results, can be read by visiting Broadview Press is an internationally-oriented, Canadian-based academic book publisher.

Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Broadview Press Inc.
    Don LePan
    President and CEO
    (403) 232-1443