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.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contacts: Broadband Learning Corporation Bob Dameron CEO [phone] Website: www.broadbandlearning.com