BFS Entertainment & Multimedia Limited Corporate News

Friday, March 28, 2008

For Immediate Release:

Stock Symbol: TSX Venture Exchange: BFS

BFS ENTERTAINMENT & MULTIMEDIA LIMITED
ANNOUNCES SECOND QUARTER RESULTS

BFS Entertainment & Multimedia Limited of Richmond Hill, Ontario announces its unaudited consolidated financial and operating results for the second quarter ended October 31, 2009.

Sales for the first six months were $5,801,552 compared to $4,737,836 last year, a 22% increase. Net income for the first six months was $45,326 ($0.01 per share) compared to $27,644 ($0.00 per share) for the same period last year.

Sales for the second quarter were $3,484,977 compared to $2,770,740 during the same quarter last year, a 26% increase. Net income for the second quarter was $189,773 ($0.03 per share) compared to $184,797 ($0.02 per share) in the same quarter last year.

Denis B.E. Donnelly, President and CEO stated, “We are pleased to report that sales revenue increased by 22% for the first six months of fiscal 2010. We continue to remain very positive for the balance of this fiscal year.”

FINANCIAL HIGHLIGHTS	Twenty-Six weeks ended		Twenty-Six weeks ended		Thirteen weeks ended		Thirteen weeks ended
(unaudited and not reviewed by an auditor)	Oct. 31, 2009		Nov. 1, 2008		Oct. 31 2009		Nov. 1, 2008

Sales	$	5,801,552	$	4,737,836	$	3,484,977	$	2,770,740
Income before income taxes		91,444		49,920		295,486		284,957
Income taxes		46,118		22,276		105,713		100,160
Net Income		45,326		27,644		189,773		184,797

Basic and diluted loss per share	$	0.01	$	0.00	$	0.03	$	0.02

BFS is a recognised independent manufacturer and distributor of home video with head office in Toronto, Ontario.

BFS acquires exclusive rights to film and television programming for home video distribution and broadcast where applicable. Distribution rights are obtained by license, acquisition and co-production from various independent production and television broadcast companies. These programming rights are developed into home video products for North American distribution and where applicable, are licensed internationally.

Programming includes classic dramas, mystery, comedy, sports, documentaries and health and wellness and is sold under the BFS Video, American Home Treasures and Bodhi Lifestyle^TM brands. North American distribution is through national retailers, distributors, mail order companies and BFS’ direct to consumer division.

BFS’ strategy is to continue to acquire new programming and to expand its proprietary programme development, international distribution and direct to consumer electronic delivery.

(SEC Rule 12g exemption #82-4245)

For further information, please contact:
John Grzybowski, MBA, CA
Chief Financial Officer
E-mail: ir@bfsent.com ir@bfsent.com
Tel: (905) 884-2323
Fax: (905) 884-8292
Corporate Website: www.bfsent.com

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