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Broadview Institute, Inc. Announces Third Quarter Results

MINNEAPOLIS Feb. 17, 2011 $5,406,325 December 31, 2010 $5,185,421 $79,363 $0.01 December 31, 2010 $672,561 $0.08 $0.07

$15,722,880 December 31, 2010 $13,701,093 December 31, 2010 $417,281 $0.05 $1,315,881 $0.16 $0.15

Terry Myhre October 2010 Boise January 2011

"We will continue to monitor the regulatory uncertainties that could potentially have a negative impact on our students’ accessibility to financial aid, as well as the programs we offer," Myhre added.  "These uncertainties may have weakened demand in our industry, but we believe our continued focus on the learning experience and career opportunities for our students offers a model that will remain attractive to potential learners."

Condensed Consolidated Statements of Income Data

Three Months Ended

Nine Months Ended

December 31,

December 31,

2010

2009

2010

2009

REVENUES

$

5,406,325

$

5,185,421

$

15,722,880

$

13,701,093

OPERATING EXPENSES

Educational services and facilities

3,789,510

3,068,383

10,852,866

8,628,609

Selling, general and administrative expenses

1,482,754

1,068,913

4,201,877

2,985,522

TOTAL OPERATING EXPENSES

5,272,264

4,137,296

15,054,743

11,614,131

OPERATING INCOME

134,061

1,048,125

668,137

2,086,962

OTHER INCOME

6,338

6,392

22,174

17,491

INCOME BEFORE INCOME TAXES

140,399

1,054,517

690,311

2,104,453

INCOME TAX EXPENSE

61,036

381,956

273,030

788,572

NET INCOME

$

79,363

$

672,561

$

417,281

$

1,315,881

EARNINGS PER SHARE:

BASIC:

$

0.01

$

0.08

$

0.05

$

0.16

DILUTED:

$

0.01

$

0.07

$

0.05

$

0.15

Condensed Consolidated Balance Sheets

December 31,

March 31,

2010

2010

Current Assets

$

6,095,827

$

6,591,367

Total Assets

9,834,599

8,876,540

Current Liabilities

1,148,875

1,027,118

Total Liabilities

1,712,461

1,309,683

Stockholders’ Equity

8,122,138

7,566,857

ABOUT BROADVIEW INSTITUTE

Minnesota

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

Cautionary Statements

Certain statements contained in this release, in filings made with the Securities Exchange Commission (SEC), and other written and oral statements made from time to time by the Company that are not statements of historical or current facts should be considered 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.  Such statements can be identified by the use of terminology such as "anticipate,"  "believe," "estimate," "expect," "intend," "may," "could," "possible," "plan," "project," "should," "will," "forecast," and similar words or expression.  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 SEC (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.

Factors that could cause actual results to materially differ from those discussed in the forward looking statements include, but are not limited to, those described in "Item 1A – Risk Factors" included in the Company’s Annual Report on Form 10-K .  The performance of our business and our securities may be adversely affected by these factors and by other factors common to other business and investments, or to the general economy.  For further information regarding risks and uncertainties associated with Broadview Institute’s business, please refer to Broadview Institute’s SEC filings, including, but not limited to, its Annual Report on Form 10-K, quarterly reports on Form 10-Q and required reports on Form 8-K, copies of which may be obtained by contacting Broadview Institute at (651) 332-8010.

February 17, 2011

SOURCE Broadview Institute, Inc.

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