Broadview Media Announces Acquisition of Utah Career College

Broadview Media Announces Acquisition of Utah Career College

MINNEAPOLIS, July 1 /PRNewswire-FirstCall/ -- Broadview Media, Inc. (BULLETIN BOARD: BDVM) today announced the acquisition of C Square Educational Enterprises, which does business as Utah Career College, a privately owned, postsecondary institution that offers career vocational training programs.

"The acquisition of the Utah school can create a powerful new trade and educational force in Utah and the Twin Cities and can place Broadview in the forefront of postsecondary education in our markets," said Terry Myhre, Chairman and CEO of Broadview. "Broadview Media has long been in the video production industry for cable TV, corporate communications and education, marketing our video programs to the K-12 market."

The company noted that Utah Career College has Title IV accreditation, a key factor in obtaining student loans for the postsecondary market. "This feature can enable us to offer classes to adult students desiring to learn about the video media production business," Myhre said. "It is our goal to offer video production classes in the future. Providing educational programs for video production in a real-time, for-profit business apprenticeship environment is an exciting concept."

The acquisition of Utah Career College did not require a vote of Broadview shareholders, but was subject to a number of conditions, including receipt by Broadview of a fairness opinion from its investment banker, and approval of the acquisition by the audit committee and board of Broadview and by the board and shareholders of Utah Career College. The Company issued 5,000,000 shares of its common stock to purchase UCC from its current owners, which included Terry Myhre, the Company's CEO, who was a majority owner of UCC. As a result of this acquisition, Mr. Myhre now owns approximately 65% of Broadview Media, Inc., including previously acquired unexercised warrants.

ABOUT UTAH CAREER COLLEGE

Utah Career College, with revenue of approximately $6.1 million for the fiscal year ended May 31, 2005, is a for-profit postsecondary institution located in the Salt Lake City area. Terry Myhre, Chairman, CEO and the largest shareholder of Broadview Media, was the principal owner of UCC prior to its acquisition by Broadview Media and is the owner of Minnesota School of Business and Globe College, postsecondary career training schools located in the Minneapolis and Saint Paul, MN, area. Founded in 1977, Utah Career College's current student enrollment is in excess of 500, and it offers associate degrees and certification programs in a number of career fields, including business administration, graphic design, medical and legal fields.

About Broadview Media

Broadview Media is one of the Midwest's leading media production companies. Operating full-service media production facilities in Chicago and Minneapolis, Broadview provides creative and production services for educational courses, television programming, and business communications. Major clients of Broadview Media include Scott Foresman, Houghton Mifflin, Pearson PLC, Home & Garden Television, The History Channel, Tellabs, United Way and Chicago's Children's Memorial Hospital. The Company is publicly traded on the OTC Bulletin Board under the trading symbol BDVM.

Cautionary Statements

This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations or forecasts of future events and can be identified by the use of terminology such as "believe," "estimate," "expect," "intend," "may," "could," "will," and similar words or expressions. Any statement that is not based upon historical facts should be considered a forward-looking statement. Forward-looking statements cannot be guaranteed and actual results may vary materially due to the uncertainties and risks, known and unknown, associated with such statements. Factors affecting the forward- looking statements in this release include those risks described from time to time in our reports to the Securities and Exchange Commission (including our Annual Report on Form 10-KSB). Investors should not consider any list of such factors to be an exhaustive statement of all of the risks, uncertainties or potentially inaccurate assumptions investors should take into account when making investment decisions. Shareholders and other readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. All information in this release is as of July 1, 2005. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or to changes in the company's expectations.

For further information regarding risks and uncertainties associated with Broadview Media's business, please refer to the "Management's Discussion and Analysis or Plan of Operation" sections of Broadview Media's SEC filings, including, but not limited to, its annual report on Form 10-KSB and quarterly reports on Form 10-QSB, copies of which may be obtained by contacting Broadview Media at 952-835-4455, ext 214.

Source: Broadview Media

CONTACT: Red White, Chief Operating Officer of Broadview Media, +1-952-852-0417, redw@BroadviewMedia.com

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