Broadband Learning Corporation Reports 2008 Q2 Results

Broadband Learning Corporation ("Broadband Learning") (TSX VENTURE:BLC), a
participant in the rapidly expanding distance learning market, last Friday
reported its unaudited financial results for the three and six months ended June
30, 2008.




                 Three months ending                   June 30,
                                                -------------------
($000s, except per share amounts)                  2008       2007
                                                -------------------
                                                -------------------
Sales                                               $45       $561
Gross Profit                                       (519)       205
Loss from operations                             (1,659)      (491)
Net income (loss)                               ($1,659)     ($486)
Earnings (loss) per share (basic & diluted)      ($0.06)    ($0.02)

                  Six months ending                    June 30,
                                                -------------------
($000s, except per share amounts)                  2008       2007
                                                -------------------
                                                -------------------
Sales                                              $283     $1,139
Gross Profit                                       (377)       427
Loss from operations                            ($3,434)     ($969)
Net income (loss)                               ($3,434)     ($956)
Earnings (loss) per share (basic & diluted)      ($0.12)    ($0.04)
Total assets                                    $10,715     $1,748



Revenues for the second quarter and first half of 2008 are down significantly
from 2007, reflecting the fact that throughout the end of May, 2008 the
Company's full efforts have been focused on executing the first phase of a
roll-out of installation of the i-vu Systems. The 7,000 screen target for the
first phase of the digital media project roll-out was achieved during the second
quarter.


Although very substantial efforts and costs have been invested in this project,
revenues have not yet commenced. Now that the i-vu Systems installations have
become established, the Company expects to return more of its attention to
pursuing opportunities and sales in its more traditional areas of distance
learning. Gross Profit for the second quarter and first half of 2008 is down
from 2007, reflecting the significant costs of maintaining the i-vu Systems that
have not yet begun to generate revenues.


Operating Loss and Net Loss for the second quarter and first half of 2008 all
increased significantly from 2007 primarily because very substantial efforts and
costs have been invested in this project, while revenues have not yet commenced.
Starting in the second quarter, the Company has deferred making payments on
certain of its obligations under the Definitive Collaboration Agreement with
i-vu usa, inc. pending i-vu's fulfillment of its revenue and other obligations
under the Definitive Collaboration Agreement.


About Broadband Learning Corporation

Broadband Learning Corporation produces, delivers, supports and manages distance
learning content for professionals, corporations and consumers using proprietary
technology and worldwide distribution capabilities. The Company is addressing
the professional development market by providing a patented Internet-based
learning system with on-demand access, multimedia educational resources, and
administrative management capabilities. The Company provides wide area network
and satellite services across North America. Broadband University is a brand
name used by the Company's wholly-owned subsidiary Broadband Learning Inc. to
focus on the distance learning markets using patented technology under a license
agreement with School Improvement Network, Inc. of Salt Lake City, Utah. In
2007, the Company formed a new subsidiary, BL Media Inc. to undertake the
Company's digital media operations.


This press release may contain forward-looking statements relating to, among
other things, Broadband Learning's expectations concerning future product demand
and growth opportunities and customer acceptance of its products. These
forward-looking statements are neither promises nor guarantees, but involve
risks and uncertainties that may cause actual results to differ materially from
those in the forward-looking statements. Broadband Learning disclaims any
obligation to publicly update or revise any such statements.


This news release will not constitute an offer to sell or the solicitation of
any offer to buy the securities in any jurisdiction. The securities offered will
not be and have not been registered under the United States Securities Act of
1933 and may not be offered or sold in the United States.