Early Bird Special (EBS)

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ECGI-Envoy provides financial guidance for fiscal 2005

Tuesday , December 07, 2004 09:28 ET

TORONTO, Dec 7, 2004 /PRNewswire-FirstCall via COMTEX/ --Envoy Communications Group Inc. (NASDAQ: ECGI, TSX: ECG) today announced revenue and earnings guidance for fiscal 2005, following a comprehensive review of the company's operations and projections, including the expected impact of the recently announced acquisition of a 65 per cent interest in Parker Williams Design. As a result of this review, Envoy expects to achieve the following results in fiscal 2005:

Guidance

Fiscal 2005

Net Revenue $50 - $53
million

EBITDA $7.3 - $7.7

Net Income $4.7 - $5.2

EPS (fully diluted) $ 0.04

Attainment of Envoy's fully diluted Earnings Per Share guidance is based on a number of variables, including achieving target revenue levels, controlling expenses, customer buying patterns, income tax rates and the number of shares outstanding.

Envoy expects to make further acquisitions and will update its guidance as they are completed.

About Envoy

Envoy Communications Group Inc. (NASDAQ: ECGI / TSX:ECG) is an international consumer and retail branding company with offices throughout North America and Europe. For more information on Envoy visit www.envoy.to.

Cautionary Statement

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of Section 21E(i)(1) of the United States Securities Exchange Act of 1934. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Envoy's actual results to be materially different from any future results expressed or implied by these statements. Such factors include the following: general economic and business conditions, changes in demand for Envoy's services, changes in competition, the ability of Envoy to integrate acquisitions or complete future acquisitions, interest rate fluctuations, currency exchange rate fluctuations, dependence upon and availability of qualified personnel and changes in government regulation. In light of these and other uncertainties, the forward-looking statements included in this press release should not be regarded as a representation by Envoy that Envoy's plans and objectives will be achieved. These forward-looking statements speak only as of the date of this press release, and we undertake no obligation to update or revise the statements.

SOURCE Envoy Communications Group Inc.

Envoy Communications Group Inc. Contact: Geoffrey Genovese,
Tel: [phone] or contact our investor relations department at
[e-mail]
(ECG. ECGI)

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