Broadview Institute, Inc. Announces 4th Quarter and Fiscal Year-End Results

MINNEAPOLIS, June 29 /PRNewswire-FirstCall/ -- Broadview Institute, Inc. (OTC
Bulletin Board: BVII) today reported revenues from continuing operations for
the fourth quarter ended March 31, 2009 of $3,570,879 versus $2,558,709
reported for the same period last year. The Company posted net income from
continuing operations of $171,574, or $0.02 per basic and diluted common
share, versus net income from continuing operations of $1,261,075, or $0.13
per basic and diluted common share, for the same period last year.

Revenues for the twelve months ended March 31, 2009 totaled $12,423,495 versus
$10,259,154 for the same period last year. Net income from continuing
operations for the twelve months ended March 31, 2009 totaled $298,315 or
$0.03 per basic and diluted common share, as compared to $2,405,395, or $0.30
per basic and $0.26 per diluted common share for the same period in the
previous year.

"We are pleased to report positive earnings for the 4th quarter and fiscal
year ended March 31, 2009," commented Terry Myhre, the Company's Chairman.
"During the past fiscal year, we successfully opened our second Utah Career
College branch campus in Orem, Utah and saw growth in the enrollment at the
Layton, Utah branch campus. Based on our current projections, we expect to
see enrollment increases for all three residential campuses in Utah, as well
as for our recently introduced online programs, during fiscal year 2010.

"Our goal is to open another branch campus in the coming fiscal year," said
Myhre. "We intend to seek approval to offer our first graduate level degree,
and we plan to rebrand our schools using a university name that will allow us
to consider other markets outside of the State of Utah where our schools can
make a difference in the surrounding communities. We anticipate an exciting
year ahead for our students, employees and investors."

Condensed Consolidated Statements of Operations Data

Three Months Ended Twelve Months Ended
March 31, March 31,
---------------------- -----------------------
2009 2008 2009 2008
---------- ---------- ----------- ----------

REVENUES $3,570,879 $2,558,709 $12,423,495 10,259,154

OPERATING EXPENSES
Educational
services and
facilities 2,491,182 1,730,331 8,870,888 6,655,984
Selling, general
and administrative
expenses 805,138 879,829 3,135,703 2,555,032
---------- ---------- ----------- ----------
TOTAL OPERATING
EXPENSES 3,296,320 2,610,160 12,006,591 9,211,016
---------- ---------- ----------- ----------

OPERATING INCOME (LOSS) 274,559 (51,451) 416,904 1,048,138

OTHER INCOME 5,588 18,053 37,985 62,784
---------- ---------- ----------- ----------

INCOME (LOSS) FROM
CONTINUING OPERATIONS
BEFORE INCOME TAXES 280,147 (33,398) 454,889 1,110,922

INCOME TAX EXPENSE
(BENEFIT) 108,573 (1,294,473) 156,574 (1,294,473)
---------- ---------- ----------- ----------

INCOME FROM CONTINUING
OPERATIONS 171,574 1,261,075 298,315 2,405,395

LOSS FROM DISCONTINUED
OPERATIONS - (98,715) - (81,181)
---------- ---------- ----------- ----------

NET INCOME $171,574 $1,162,360 $298,315 $2,324,214
---------- ---------- ----------- ----------

BASIC NET INCOME
PER SHARE $0.02 $0.13 $0.03 $0.28
========== ========== ========== ===========

DILUTED NET INCOME
PER SHARE $0.02 $0.13 $0.03 $0.25
========== ========== ========== ===========

Condensed Consolidated Balance Sheets

March 31, March 31,
2009 2008
----------- -----------

Current Assets $3,603,064 $3,302,272
Total Assets 6,313,861 5,754,635
Current Liabilities 748,042 575,161
Total Liabilities 979,659 705,898
Stockholders' Equity 5,334,202 5,048,737

About Broadview Institute

Broadview Institute, Inc. offers private career-focused post-secondary
education services through its wholly-owned subsidiary, C Square Educational
Enterprises, Inc. (d/b/a Utah Career College). Utah Career College has
campuses located in West Jordan, Utah, Layton, Utah, and Orem, Utah, and is
accredited by the Accrediting Commission of Career Schools and Colleges,
formerly the Accrediting Commission of Career Schools and Colleges of
Technology to award diplomas and Associate in Applied Science and Bachelor of
Science degrees for multiple business and healthcare careers.

The Company is publicly traded on the OTC Bulletin Board under the trading
symbol BVII.

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-K). 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. We undertake no obligation
to update publicly or revise any forward-looking statements.

For further information regarding risks and uncertainties associated with
Broadview Institute's business, please refer to the "Management's Discussion
and Analysis of Financial Condition and Results of Operations" sections of
Broadview Institute's SEC filings, including, but not limited to, its annual
report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be
obtained by contacting Broadview Institute at (651) 332-8010.

All information in this release is as of June 29, 2009. The company undertakes
no duty to update any forward-looking statement to conform the statement to
actual results or changes in the company's expectations.

SOURCE Broadview Institute, Inc.

Kenneth J. McCarthy, Chief Financial Officer of Broadview Institute, Inc.,
+1-651-332-8010, kmccarthy@globeuniversity.edu