SOURCE: Brazil Interactive Media, Inc.

August 16, 2013 11:57 ET

Brazil Interactive Media Reports 2nd Quarter 2013 Financial Results

Revenue Increases 88% for Quarter Ended June 30, 2013 vs. 2012

MIAMI, FL--(Marketwired - Aug 16, 2013) - Brazil Interactive Media, Inc. (OTCQB: BIMI), a Brazil-based, interactive TV entertainment, production and broadcasting Company, today announced its second quarter results for the period ended June 30, 2013, as reported in its most recent Form 10-Q filing.

For the three months ended June 30, 2013, Brazil Interactive Media reported revenue of $1.93 million and a net loss of ($59,043) vs. revenue of $1.03 million and a net loss of ($153,758) for the same period 2012. Total revenue for the six months ended June 30, 2013 was $4.24 million and net income of $10,834 vs. revenue of $1.96 million and a net loss of ($163,263) for the same period 2012.

Brazil Interactive Media's CEO Tim Psomiadis stated, "We continue to experience solid top-line growth as a result of greater distribution of our programming and increased viewer participation. We experienced some charges in the second quarter in connection with our public event which increased our G&A expenses." He added, "We are continuing to develop alternative platforms for distribution of our programming which should increase our revenue streams and we hope to report on the results of our efforts before the end of this year."

About Brazil Interactive Media, Inc.

Brazil Interactive Media, Inc. is a U.S. holding company and the parent of Brazil Interactive Media Participações Ltda., which through its wholly-owned subsidiary, EsoTV Ltda., combines live television broadcasts with a telecommunications component to create live, interactive programming for the Brazilian marketplace. Through its platform, the Company manages the entire process from concept to national broadcast and monetizes call traffic generated for telecommunications providers. For more information, programming and air times, please visit www.bzinteractive.com.

Forward Looking Statements
This news release contains "forward-looking statements" which are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission. For more information, please visit www.sec.gov.

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