MOUNT REAL CORPORATION
TSX : MRF

MOUNT REAL CORPORATION

May 12, 2005 16:44 ET

Mount Real Announces First Quarter Results

MONTREAL, QUEBEC--(CCNMatthews - May 12, 2005) - All amounts are in Canadian dollars.

Mount Real Corporation ("Mount Real") (TSX:MRF) today announced its financial results for the first quarter ended March 31, 2005.

Revenue for the three months ended March 31, 2005 increased 32% to $12,474,031 compared to $9,449,535 for the same period in 2004.

Net earnings for the three months ended March 31, 2005 were $2,769,996 compared to $3,089,786 for the same period in 2004. Based on the weighted average number of 8,794,699 shares outstanding at March 31, 2005 versus 8,975,589 for 2004, earnings per share were $0.32 compared to $0.34 for the three months ended March 31, 2004. Fully diluted earnings per share were $0.32 for the three months ended March 31, 2005 compared to $0.34 for the same period in 2004.

Joseph Pettinicchio, President of Mount Real said: "We are very pleased with the first quarter results. We continue to invest time, energy and resources in our core business activity. Compared to the first quarter of 2004, there was a significant increase in TMI programs which will generate increased revenues in the future."

Mount Real's business is management accounting, information management and media services. Mount Real uses "TMI" Tactics Marketing Intelligence, a business intelligence system, for the management of proprietary and non-proprietary consumer databases. Mount Real is listed under the stock-trading symbol MRF on the Toronto Stock Exchange.

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