Dec. 22, 2010 (Canada NewsWire Group) --
SYMBOL: BTV
TORONTO, Dec. 22 /CNW/ - BlueRush Media Group Corp. (TSX-V;BTV), announced today that it has filed its unaudited results for the three months ended October 31, 2010.
Financial Highlights for the three months ended October 31, 2010 with comparatives:
| Three Months Ended Oct 31 | |||||
| 2010 | 2009 | ||||
| Total Revenue | $ | 1,050,201 | $ | 909,768 | |
| Net Income (loss) | 119,327 | 140,776 | |||
| Net income (loss) per share - Basic | 0.004 | 0.004 | |||
| Net income (loss) per share - Diluted | 0.004 | 0.004 | |||
| Cash | $ | 473,290 | $ | 230,709 | |
| Total Assets | 1,847,514 | 1,209,846 | |||
| Shareholders' Equity | 1,436,668 | 1,025,370 | |||
| Working Capital | 1,378,681 | 974,597 | |||
Interested investors are encouraged to view the complete consolidated financial statements as well as all other filings, which are available at www.sedar.com. Additionally, more information on the company is available at www.bluerush.ca
About BlueRush Media Group Corp.
BlueRush Media Group Corp., through its wholly owned subsidiary, BlueRush Digital Media ("BlueRush"), is a digital marketing company which combines leading edge technology with award winning creative television production. BlueRush creates innovative rich media solutions for distribution across all new emerging medias: Internet, Web TV, iPods, Mobile Phones, Digital Signs and Instore Kiosks. With expertise in programming, production, and marketing, BlueRush provides its clients with digital video solutions which extend some of the most recognizable brands into this emerging digital and Internet age. BlueRush Media Group Corp. is a publicly listed company on the TSX Venture Exchange trading under the symbol "BTV". For more information please visit www.bluerush.ca
Cautionary Statements
Certain statements in this press release are forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by BlueRush Media Group Corp. at the time of preparation, may prove to be incorrect.
Actual results achieved during the forecast period wil vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors, many of which are beyond the control of BlueRush Media Group Corp. There is no representation by BlueRush Media Group Corp. that actual results achieved during the forecast period will be the same in whole or in part as those forecasts. Al dol ar amounts in this press release are Canadian dol ars unless otherwise identified.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Laurence Lubin
President & CEO
larry@bluerush.ca
