GENERAL DEVELOPMENT OF BUSINESS.

Broadview Media, Inc., a Minnesota corporation, was incorporated in 1945 and began its current business operations in 1970.

On March 31, 2000 the name of the Registrant was changed from Northwest Teleproductions, Inc. to Broadview Media, Inc.

In March 2003, Minnesota businessman Terry Myhre invested in the Company, became its single largest shareholder and also was elected to the Company's Board of Directors. Mr. Myhre owns or has the controlling interest in the Minnesota School of Business (MSB) and Globe College, which are privately-owned, post-secondary schools offering career-focused training. MSB has six campuses...