BlueRush Media Group Corp.
TSX VENTURE : BTV

November 29, 2010 17:42 ET

BlueRush Releases Audited Results for the Year Ended July 31, 2010

TORONTO, ONTARIO--(Marketwire - Nov. 29, 2010) - BlueRush Media Group Corp. (TSX VENTURE:BTV), announced today that it has filed its audited results for the year ended July 31, 2010.

Financial Highlights for the year ended July 30, 2010 with comparatives:

   
  Year Ended July 31  
  2010 2009  
       
Total Revenue $ 3,650,579 $ 2,889,501  
Net Income (loss)   393,213   (85,587 )
Net income (loss) per share – Basic   0.01   (0.00 )
Net income (loss) per share – Diluted   0.01   (0.00 )
           
Cash $ 284,752 $ 166,957  
Total Assets   1,739,615   1,075,813  
Shareholders' Equity   1,308,907   881,190  
Working Capital   1,252,036   826,673  

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 www.bluerush.ca.

About BlueRush Media Group Corp.

BlueRush Media Group Corp., 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 Corp. is a publicly listed company on the TSX Venture Exchange trading under the symbol "BTV". For more information please visit www.bluerush.ca.

Cautionary Statements

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 Corp. at the time of 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 Corp. There is no representation by BlueRush Media Group Corp. that actual results achieved during the forecast period will be the same in whole or in part as those forecasts. All dollar amounts in this press release are Canadian dollars unless otherwise identified.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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