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BFS Entertainment & Multimedia Limited Announces Second Quarter Results

RICHMOND HILL, ONTARIO -- (Marketwired) -- 12/23/13 -- BFS Entertainment & Multimedia Limited (TSX VENTURE: BFS) announces its unaudited consolidated financial and operating results for the second quarter ended November 2, 2013.

Sales for the first six months were $5,010,405 compared to $5,064,395 last year and for the second quarter were $2,911,361 compared to $2,908,456 during the same quarter last year. Net income for the first six months was $160,797 ($0.02 per share) compared to $141,947 ($0.02 per share) for the same period last year. Net income for the second quarter was $114,370 ($0.02 per share) compared to $100,018 ($0.01 per share) for the same quarter last year.

Denis B.E. Donnelly, President and CEO stated, "We are pleased to report a 13% increase in net income compared to the same period last year, an increase to $160,797 from $141,947."



FINANCIAL HIGHLIGHTS
                                Thirteen    Thirteen  Twenty-six  Twenty-six
                                   Weeks       Weeks       Weeks       Weeks
(Unaudited and not reviewed        Ended       Ended       Ended       Ended
 by an auditor - in Canadian     Nov. 2,     Nov. 3,     Nov. 2,     Nov. 3,
 dollars)                           2013        2012        2013        2012
----------------------------------------------------------------------------
Sales                        $ 2,911,361 $ 2,908,456 $ 5,010,405 $ 5,064,395
Cost of goods sold             1,017,716   1,123,971   1,826,491   1,932,406
----------------------------------------------------------------------------
Gross profit                   1,893,645   1,784,485   3,183,914   3,131,989
----------------------------------------------------------------------------
Selling and administrative
 expenses                      1,649,026   1,555,736   2,797,267   2,757,960
Amortization                      73,171      76,438     136,619     148,702
----------------------------------------------------------------------------
Income from operations           171,448     152,311     250,028     225,327
----------------------------------------------------------------------------

Interest expense                  11,456      10,659      23,628      21,909
----------------------------------------------------------------------------
Net finance charges               11,456      10,659      23,628      21,909
----------------------------------------------------------------------------

Income before income taxes       159,992     141,652     226,400     203,418
Income taxes expense              45,622      41,634      65,603      61,471
----------------------------------------------------------------------------
Net income and comprehensive
 income                      $   114,370 $   100,018 $   160,797 $   141,947
----------------------------------------------------------------------------
Basic and diluted income per
 share                       $      0.02 $      0.01 $      0.02 $      0.02
----------------------------------------------------------------------------

BFS Entertainment & Multimedia Limited is a recognised independent North American entertainment company focusing on the acquisition, distribution and production of film and television media with head office in Toronto, Ontario.

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

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

(SEC Rule 12g exemption #82-4245)

Contacts:
BFS Entertainment & Multimedia Limited
John Grzybowski, MBA, CPA, CA
Chief Financial Officer
(905) 884-2323
(905) 884-8292 (FAX)
ir@bfsent.com
www.bfsent.com

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