BFS Entertainment & Multimedia Limited Announces Third Quarter Results

BFS Entertainment & Multimedia Limited (TSX VENTURE:BFS) of Richmond Hill,
Ontario, announces its unaudited consolidated financial and operating results
for the third quarter ended February 2, 2013.


Net income for the first nine months was $308,807 ($0.04 per share) compared to
a net loss of $124,291 ($0.02 per share) for the same period last year. Net
income for the third quarter was $166,860 ($0.02 per share) compared to $28,840
($0.00 per share) for the same quarter last year. Sales for the first nine
months were $8,246,912 compared to $8,251,737 last year and for the third
quarter were $3,182,517 compared to $3,362,836 during the same quarter last
year.


Denis B.E. Donnelly, President and CEO stated, "We are extremely pleased to have
continued the return to profitability. Income from operations for the nine
months was $461,179 compared to a loss from operations of $189,877 for the same
period last year.


"Selling expenses were reduced $321,000 for the nine months compared to the
prior year due to a reduction in direct to consumer catalogue expenses which had
a minimal impact on sales; a further $135,000 reduction in administrative
expenses netted a 9% reduction in operating expenses over the same period last
year and resulted in a profit before taxes of $420,599 for the nine months
versus a loss before taxes of $181,239 for the same period last year."




----------------------------------------------------------------------------
----------------------------------------------------------------------------
FINANCIAL HIGHLIGHTS                                                        
(Unaudited and not          Thirteen     Thirteen  Thirty-nine  Thirty-nine 
 reviewed by an auditor  Weeks Ended  Weeks Ended  Weeks Ended  Weeks Ended 
 - in Canadian dollars) Feb. 2, 2013 Feb. 4, 2012 Feb. 2, 2013 Feb. 4, 2012 
----------------------------------------------------------------------------
Sales                    $ 3,182,517  $ 3,362,836 $  8,246,912 $  8,251,737 
Cost of goods sold         1,147,992    1,394,083    3,080,398    3,259,640 
----------------------------------------------------------------------------
Gross profit               2,034,525    1,968,753    5,166,514    4,992,097 
----------------------------------------------------------------------------
Selling and                                                                 
 administrative expenses   1,730,891    1,798,763    4,472,678    4,928,413 
Amortization                  83,955       86,410      232,657      253,561 
----------------------------------------------------------------------------
Income (loss) from                                                          
 operations                  219,679       83,580      461,179     (189,877)
----------------------------------------------------------------------------
Interest expense              11,386       10,861       33,295       32,824 
Foreign exchange loss                                                       
 (gain)                       (8,888)      30,244        7,285      (41,462)
----------------------------------------------------------------------------
Net finance charges            2,498       41,105       40,580       (8,638)
----------------------------------------------------------------------------
Income (loss) before                                                        
 income taxes                217,181       42,475      420,599     (181,239)
Income taxes (recovery)       50,321       13,635      111,792      (56,948)
----------------------------------------------------------------------------
Net income (loss) and                                                       
 comprehensive income                                                       
 (loss)                  $   166,860  $    28,840 $    308,807 $   (124,291)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Basic and diluted income                                                    
 (loss) per share        $      0.02  $      0.00 $       0.04 $      (0.02)
----------------------------------------------------------------------------
----------------------------------------------------------------------------



BFS Entertainment & Multimedia Limited is a recognised independent North
American entertainment company focusing on the acquisition, distribution and
production of film and television media with head office in Toronto, Ontario.


Programming includes classic dramas, mystery, comedy, sports, documentaries and
health and wellness and is sold under the BFS, American Home Treasures and Bodhi
Lifestyle(TM) brands. North American retail distribution is through national
retailers, distributors, mail order companies and BFS' direct to consumer
division and e-commerce websites.


BFS' strategy is to continue to acquire new programming and to expand its
proprietary programme development, international distribution and direct to
consumer delivery, including electronic delivery and streaming.


(SEC Rule 12g exemption #82-4245)

FOR FURTHER INFORMATION PLEASE CONTACT: 
BFS Entertainment & Multimedia Limited
John Grzybowski, MBA, CPA, CA
Chief Financial Officer
[phone]
[phone] (FAX)
[e-mail]
www.bfsent.com