Broadview Institute Inc. (fka BVII)

[10 bagger]

BVII.. $2.65 Cross post.. Friday, July 02, 2010 12:21:41 AM

Posted by: mandjb Date: Friday, July 02, 2010 12:21:41 AM
In reply to: hweb2 who wrote msg# 126476 Post # of 126576

BVII issued their PR - looks good

http://finance.yahoo.com/news/Broadview-Institute-Inc-prnews-1411793517.html?x=0&.v=1

MINNEAPOLIS, July 1 /PRNewswire-FirstCall/ -- Broadview Institute, Inc. (OTC Bulletin Board:BVII.ob - News) today reported revenues for the fourth quarter ended March 31, 2010 of $5,339,994 versus $3,570,879 reported for the same period last year. The Company posted net income of $719,274 or $0.09 per basic and $0.08 per diluted common share, versus net income of $171,574, or $0.02 per basic and diluted common share, for the same period last year.

Revenues for the twelve months ended March 31, 2010 totaled $19,041,087 versus $12,423,495 for the same period last year. Net income for the twelve months ended March 31, 2010 totaled $2,035,155 or $0.25 per basic and $0.23 per diluted common share, as compared to $298,315, or $0.03 per basic and diluted common share for the same period in the previous year.

"As expected, we are pleased to report another solid quarter and much improved fiscal year earnings when compared to the previous year," commented Terry Myhre, the Company's Chairman. "We believe these financial results and our current financial condition support our commitment to our organic growth model.

"This is an exciting time for our company," Myhre continued. "Most notably, we are pleased to announce:


•We have changed the name of our schools to Broadview University for all our residential locations and online programs;
•Broadview University will open a new branch campus in Salt Lake City, Utah during October 2010;
•The Salt Lake City campus will be offering four new Bachelor of Fine Arts programs in sequential imaging, graphic design, game art and entertainment design;
•Broadview University will begin offering our first graduate degree, a Master of Science in Management with emphases in information technology, healthcare management and management leadership;
•Broadview University is planning to open an additional branch campus in the Boise, Idaho market during calendar year 2011."