Broadview Press Inc.
TSX VENTURE : BDP

Broadview Press Inc.

August 09, 2006 14:21 ET

Broadview Press Reports Strong July Sales in Both Canada and the US

Publication of The Broadview Anthology of British Literature Fuelling Results

CALGARY, ALBERTA--(CCNMatthews - Aug. 9, 2006) -

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

Broadview Press (TSX VENTURE:BDP) is pleased to report strong July sales in both Canada and the US, driven by both its backlist and its new 2006 titles, most notably the recently-published six-volume Broadview Anthology of British Literature.

July and August represent the company's most important revenue-generating months, as university bookstores place their orders in advance of September courses.

In Canada, July gross sales totaled CDN $598,280, up 36 per cent from CDN $438,869 in July 2005. Year-to-date (Jan. 1 - Jul. 31), Canadian gross sales are up 22 per cent.

In the US, July gross sales totaled US $325,397, up 48 per cent from US$219,687 in July 2005. Year-to-date (Jan. 1 - Jul. 31), US gross sales are up 19 per cent when measured in US dollars.

Gross sales figures are subject to adjustment at the end of each quarter to take account of returned books; returns thus far this year have been in line with historical patterns.

The Broadview Anthology of British Literature, developed over a four-year period to compete directly with the established Norton and Longman anthologies for the large British Literature market at colleges and universities, is expected to generate significant revenue for Broadview for many years to come. It has been enthusiastically received by professors in both Canada and the United States. The following comment is a representative sample of the positive response Broadview has received:

"With an impressive selection of literary works, an equally impressive collection of visual images, and an exemplary emphasis on print culture and the history of the language, The Broadview Anthology of British Literature not only rivals the Norton and the Longman. It sets a new standard by which all other anthologies of British Literature will now have to be measured." - Graham Hammill, University of Notre Dame

Broadview Press is an internationally-oriented, Canadian-based publisher of books aimed at the university and college textbook market.

Forward-Looking Statements:

This document contains forward-looking statements involving Broadview's expectations about future financial results and other matters. These statements reflect management's current forecast of certain aspects of Broadview's future business. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from historical results or current expectations. The words "plan," "expect," "believe," "intent," "anticipate," "forecast," "target," "estimate," "should," "will" and similar expressions identify forward-looking statements. Risk factors include shifts in consumer demand, product schedules, product mix, competitive products and pricing, technological shifts, foreign exchange changes and other variables. Readers are referred to Broadview's other public documents for further discussions of risks and uncertainties. The factors underlying forecasts are dynamic and subject to change. As a result, forecasts speak only as of the date they are given and do not necessarily reflect Broadview's outlook at any other point in time.

Closing Share Price: $0.20 (at August 8, 2006)
Shares issued: 11,096,107 (at August 8, 2006)

Contact Information

  • Broadview Press Inc.
    Michael Harrison
    President and CEO
    (519) 837-0915
    or
    Broadview Press Inc.
    Craig Lawson
    Corporate Affairs Coordinator
    (403) 232-6863