Broadview Press Inc.
TSX VENTURE : BDP

Broadview Press Inc.

April 09, 2009 19:39 ET

Broadview Press Reports 2008 Results

CALGARY, ALBERTA--(Marketwire - April 9, 2009) -

(All figures are in Canadian dollars unless otherwise stated.)

Broadview Press (TSX VENTURE:BDP): In 2008, Broadview recorded net sales of $3,203,104, a decrease of $1,136,030 or 26% compared to 2007. The decrease resulted from the sale of the company's lists in History and the social sciences to the University of Toronto Press in May, 2008. The company also reported an improvement in margins. Overhead costs declined only marginally; the company incurred various costs associated with the UTP transaction that will not be ongoing.

Overall, the company posted a loss before-tax provision of $66,888, and income after the tax provision of $257, after recognizing a gain on disposal of assets of $236,967.

Broadview's quarterly financial statements, as well as its management discussion and analysis of these results, can be read by visiting www.sedar.com. 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.

Closing Share Price: $0.03 (at April 8, 2009)

Shares issued: 12,118,607 (at April 8, 2009, 2008)

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