BluePoint Data Storage, Inc.
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BluePoint Data Storage, Inc.

November 09, 2005 17:18 ET

BluePoint Data Storage Reports 87% Revenue Growth, 55% Gross Margins And Positive Net Income For Q3'2005

BOCA RATON, FLORIDA--(CCNMatthews - Nov. 9, 2005) - BluePoint Data Storage, Inc. (TSX VENTURE:BLP)(US TICKER:BLP.DF), an established provider of managed storage, availability and data protection services, announced today that revenue for the quarter ended September 30, 2005 increased 87% from the same quarter in 2004. Increased revenues combined with efficiencies gained from the extensive deployment of the company's proprietary Osmosis™ technology and the Company's Business Continuance Network™ service platform resulted in strong growth and a 55% gross margin.

"The growth in revenue and gross margins along with falling operating costs positions the company well for future growth and development", says Paul Sachse, President and CEO of BluePoint Data Storage. "Reaching profitability while expanding globally speaks well of and validates our methods and our business model".

Third Quarter 2005 Results

The company reports revenue of $530,110 for the quarter ending September 30, 2005, an increase of 87% over the $283,182 reported in the third quarter of 2004. The company also reported positive net income of $44,327, compared to a $259,356 loss for the quarter ending September 30 2004. Income before depreciation and interest was $150,137 compared to $32,355 in the same period in 2004. These results are subject to the Company's 2005 annual audit.

About BluePoint Data Storage

BluePoint delivers managed data protection, availability and recovery solutions that ensure the protection and availability of corporate data and information technology systems while reducing the total cost of ownership. BluePoint manages these systems with unparalleled storage and networking expertise, guarantees high performance and availability, and ensures systems are on par with the current state-of-the-art.

Safe Harbor

This release may contain forward-looking statements that involve risks and uncertainties. These statements may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of BluePoint or industry results to be materially different from any future results, performance or achievement expressed or implied by such forward-looking statements. Such factors include, among others, the following: general economic and business conditions, demographic changes, regulation, major technology changes, timing of product introductions, competition and the ability of BluePoint to attract and retain key employees.

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

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