BRANCHEZ-VOUS! increased sales by 45 % in the first quarter of 2007
Montréal, May 15, 2007 -- BRANCHEZ-VOUS! inc. (TSX Venture Exchange : BZV) had good financial results during its first quarter ended March 31, 2007. Compared to the quarter ended March 31, 2006, revenues increased by 45 %, gross profit increased by 20 % and net earnings increased by 14 %.Table summarizing the main financial results
|
|
Three
months ended March 31, 2007 |
Three
months ended March 31, 2006 |
Change |
|
Revenues |
$ 875,000 |
$ 605,000 |
+ 45% |
|
Gross
profit |
$ 487,000 |
$ 404,000 |
+
20% |
|
EBITDA* |
$ 66,000 |
$ 56,000 |
+
17% |
|
Net earnings |
$ 58,000 |
$ 50,000 |
+
14% |
|
Basic and diluted earnings per share |
$ 0.00 |
$ 0.00 |
- |
(* EBITDA is defined as earnings before interest, income taxes, depreciation and amortization. EBITDA is provided as a supplementary earnings measure to assist readers in determining the ability of the Company to generate cash from operations and to cover financial charges. It is also widely used for business valuation purposes. This measure does not have a standardized meaning prescribed by Canadian generally accepted accounting principles and may not be comparable to similar measures presented by other companies.)
The increase in sales, gross profit and net earnings is due to the sustained growth of the Internet advertising market. "In a very competitive landscape, we have been able to maintain increase in both top and bottom line", says Patrick Pierra, CEO of BRANCHEZ-VOUS!. "With a stronger sales team, a larger number of represented web sites and a more diversified range of advertisers, we are perfectly positioned to capture the explosive growth of the Internet advertising market."
These results contributed to increasing BRANCHEZ-VOUS! shareholders' equity to $ 1,531,000, or 5 cents per share, as at March 31, 2007.
About BRANCHEZ-VOUS! inc.
BRANCHEZ-VOUS! inc. is a leading Montreal-based Internet media company. It owns and operates the BRANCHEZ-VOUS.com portal and the BRANCHEZ-VOUS! Network.
BRANCHEZ-VOUS.com (www.branchez-vous.com) is the largest independent portal in Quebec. With a news, business and technology focus, it primarily targets an audience of active adults working in and/or interested by technology and reaches over 500,000 users each month.
The BRANCHEZ-VOUS! Network is the largest French-language Internet advertising network, comprised of over 50 web sites for which BRANCHEZ-VOUS! sells national advertising. It reaches over 3 million French Canadians each month and includes LeDevoir.com, the French version of Canada411, LesPAC.com and ten sites owned and operated by Astral Media.
BRANCHEZ-VOUS! is listed on the TSX Venture exchange under the symbol BZV and has approximately 29.3 million shares outstanding. Additional information on the Corporation can be obtained on SEDAR (www.sedar.com) and at www.branchez-vous.com/inc/english
Financial statements can be downloaded at:
http://www.branchez-vous.com/inc/english/investisseurs/documents_info.html
The TSX Venture exchange has neither approved nor disapproved the contents of this press release.
- 30 -
Contact:
Patrick Pierra
President and CEO
Phone: 514-842-3838 ext. 249
Nicholas Powell
Investment Relations consultant
Phone: 514-904-0084
http://www.branchez-vous.com/contacts/
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