BFS Bfs Entertainment Multimedia Ltd.

BFS Entertainment & Multimedia Limited (TSX VENTURE:BFS) of Richmond Hill,
Ontario announces its audited consolidated financial and operating results for
the fiscal year ended May 7, 2011.


Sales for the fiscal year ended May 7, 2011 were $11,622,876 compared to
$12,515,414 for the previous fiscal year.


Net loss for the fiscal year was $226,984 or $0.03 per share, compared to a net
income of $113,602 or $0.02 per share for the previous fiscal year.


Denis B.E. Donnelly, President and CEO stated, "Sales decreased 7% this year
compared to the previous year primarily due to a reduction in sales to one of
BFS' major distributors. This and the falling value of the United States dollar
versus the Canadian dollar contributed to the current year's losses. We are
confident that our new 2012 licensed programming and expanded direct to consumer
offerings will improve BFS' outlook for 2012 and beyond."




FINANCIAL HIGHLIGHTS (audited)                                              
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                                                Fiscal years ended          
                                     ---------------------------------------
                                     May 7, 2011                May 1, 2010 
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Sales                               $ 11,622,876               $ 12,515,414 
Cost of goods sold                     4,521,628                  4,950,891 
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Gross profit                           7,101,248                  7,564,523 
Expenses:                                                                   
  Selling and administrative           6,900,452                  6,658,908 
  Foreign exchange loss                  111,789                    430,991 
  Interest                                28,727                     27,863 
  Amortization                           352,034                    359,462 
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                                       7,393,002                  7,477,224 
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Income (loss) before income taxes       (291,754)                    87,299 
Income tax provision (recovery)          (64,770)                   (26,303)
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Net income (loss)                   $   (226,984)              $    113,602 
Basic and diluted earnings (loss)                                           
 per share                          $      (0.03)              $       0.02 
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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(TM) 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.


(SEC Rule 12g exemption #82-4245)

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