BluePoint Data Storage Reports 33% Revenue Growth and 39% Increase in Gross Profit Margins

BluePoint Data Storage, Inc. (TSX VENTURE:BLP) (PINK SHEETS:BLPDF), an
established provider of managed server, electronic storage, systems
availability, and data protection services, announced 33% growth in revenue from
$1.5M in Q3 2007, to $2.0M for Q3 2008 (fiscal quarter ending September 30th).
In addition, the Company reports a 39% increase in gross profit dollars from
$651K in Q3 2007, to $901K for Q3 2008. All amounts are reported in U.S.
Dollars.


Net loss of $84K for Q3 2008 (versus $293K loss for Q3 2007) included non-cash
amortization expense of $134K related to the acquisition of Champion Managed
Services, Inc. that was acquired on the November, 3 2006, and $150K in non-cash
depreciation expense (Q3 2008) on the Company's long-term computer equipment and
other fixed assets ($225K for Q1 2007). Therefore, earnings before interest,
taxes, depreciation and amortization (or, "EBITDA") was a positive $205K ($124K
in Q3 2007).


Commenting on the results, Paul Sachse, President and CEO said "our top-line
growth was strong with significant improvements in gross profit margin
contribution. Depreciation expense went down as a result of older equipment
being fully-depreciated and replaced periodically with more productive, less
costly technology. Our proprietary Unite(TM) and Osmosis(TM) Technologies are
also beginning to make gross profit margin contributions. As we improve these
platforms we expect margin contributions to grow".


About BluePoint Data Storage

BluePoint delivers managed server, electronic storage, data protection, systems
availability and recovery solutions that ensure the protection and availability
of corporate data and information technology while reducing the total cost of
ownership. BluePoint manages these systems with unparalleled storage and
networking expertise, guarantees high performance and availability, and ensures
solutions are on par with the current state-of-the-art. There are currently
44,423,406 BLP common shares outstanding as of the date of this release.


Safe Harbor

This release may contain forward-looking statements that involve risks and
uncertainties. These statements may involve known and unknown risks,
uncertainties and other factors which may cause the actual results, performance
or achievements of BluePoint or industry results to be materially different from
any future results, performance or achievement expressed or implied by such
forward-looking statements. Such factors include, among others, the following:
general economic and business conditions, demographic changes, regulation, major
technology changes, timing of product introductions, competition and the
Company's ability to attract and retain key employees.