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BDP Broadview Press

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Share Name Share Symbol Market Type
Broadview Press TSXV:BDP TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Broadview Press Inc. Reports Higher US Sales

22/08/2007 7:20pm

Marketwired Canada


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

Broadview Press (TSX VENTURE:BDP) announces that US sales, up in both Q1 and Q2,
made a strong contribution to the overall increase in the company's sales. YTD
US sales are up 44 percent over last year. Through the first six months of the
year, the company's gross sales were $1,592,287, up 19 per cent from $1,335,211
2006, and net sales were $1,108,854, up 17.5 per cent from $943,654 during the
first six months of 2006.


In addition to university and college courses, the strong US sales are
attributed to increased business with US wholesaler Baker and Taylor which
supplies university libraries across North America and internet retailer,
Amazon.com. The sales increase came about as a result of negotiating acceptable
discount terms for wholesalers.


Because Broadview's operations are seasonal, the company historically posts
losses in the first and second quarters, typically followed by profits in the
third and fourth quarters. For Q2 2007, the company is reporting a net loss of
$321,844, and a net loss of $554,929 for the first six months, which is better
than budgeted projection. Factors contributing to the loss include continued
investment in the six volume The Broadview Anthology of British Literature
project, the strengthened Canadian dollar in comparison to the US dollar, higher
returns posted in the period, and increases to interest, professional fees,
promotion and complimentary copy expenses.


During Q2 Broadview Press Inc. approved a non-brokered private placement of
1,000,000 common shares with a unit price of $0.2472 per share, for aggregate
proceeds of $247,200. Along with the private placement, the Board of Directors
signed a five-year Letter of Intent, in which a further 700,000 shares of
Broadview Press Inc. will be purchased from treasury in each of 2008, 2009,
2010, and 2011.


Broadview's quarterly financial statements, as well as its management discussion
and analysis of these results, can be read by visiting www.sedar.com.
Alternately, please contact Fraser Seely (see below) to have these documents
sent to you directly.


Broadview Press is a Canadian-based publisher of books aimed at the higher
education 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: $0.155 (at June 30, 2007)

Shares issued: 12,111,107 (at June 30, 2007)

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