Business News

Broadview Press Inc. Announces Q3 2008 Results

Friday 21. November 2008 - Broadview Press (TSX VENTURE:BDP) reports net sales for Q3 2008 of $1,365,097 (Q3 2007 = $1,986,468). Over the first three quarters net sales totaled $2,239,309 (2007 = $3,095,321).

The reduction in sales levels from 2007 levels comes in the wake of the Company’s May 1 sale of its History and Social Sciences lists to the University of Toronto Press; the Company’s focus is now exclusively as a publisher in the Humanities (traditionally its area of greatest strength).

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 Q3 2008 the Company is reporting a net profit of $197,551 (2007: $304,049), and for the first nine months of the year a net loss of $196,587 (2007:a net loss of $250,880).