BFS Entertainment & Multimedia Limited Announces First Quarter Results

BFS Entertainment & Multimedia Limited (TSX VENTURE:BFS) ("BFS") of Richmond
Hill, Ontario, announces its unaudited consolidated financial and operating
results for the first quarter ended August 3, 2013.


Sales for the quarter were $2,099,044 compared to $2,155,939 during the same
quarter last year. Net income for the quarter was $46,427 ($0.01 per share)
compared to $41,929 ($0.01 per share) in the same quarter last year.


Denis B.E. Donnelly, President and CEO stated, "We are pleased to continue with
a profitable first quarter and anticipate continued improving results."




FINANCIAL HIGHLIGHTS                                                        
(Unaudited and not reviewed by an auditor - in Canadian dollars)            
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                                               Thirteen weeks ended         
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                                           August 3, 2013     August 4, 2012
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Sales                                         $ 2,099,044        $ 2,155,939
Cost of goods sold                                808,775            808,435
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Gross profit                                    1,290,269          1,347,504
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Selling and administrative expenses             1,148,241          1,202,224
Amortization                                       63,448             72,264
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Income from operations                             78,580             73,016
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Interest expense                                   12,172             11,250
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Net finance charges                                12,172             11,250
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Income before income taxes                         66,408             61,766
Income tax expense                                 19,837             19,837
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Net income and comprehensive income           $    46,427        $    41,929
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Basic and diluted earnings per share          $      0.01        $      0.01
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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, Collectables Direct Inc. (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)


FOR FURTHER INFORMATION PLEASE CONTACT: 
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

BFS Entertainment & Multimedia (TSXV:BFS)
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