Bluedrop Performance Learning Inc. announced the executive management changes. Bernard Beckett CA, FCA, joins the Company as Chief Financial Officer (CFO) effective April 26, 2013 and as a result resigned his position as a Director effective April 26, 2013. Brad Driscoll CA, will assume the role of VP of Finance and continue as the Controller of the Company effective April 26, 2013. Rod Craig CA, will leave the Company as of April 26, 2013. Mr. Beckett previously served as both the Corporate Treasurer and CFO of Fishery Products International. He also served as the Chair of Bluedrop's Audit Committee and has been providing advisory services to Bluedrop for the past year and as such, is well informed on the financial and reporting systems within the organization. Mr. Driscoll joined Bluedrop in 2012 as Controller and has been a key member of the finance team since that time. He has both public and private sector accounting experience. He was the Team Lead for financial reporting at Nalcor Energy in St. John's and a Senior Accountant at KPMG in Calgary.

Bluedrop Performance Learning Inc. announced earnings results for the quarter ended December 31, 2012. The revenue for the quarter was $2,392,954 up from $2,080,448 an increase of 15% on the same period in the previous year. Pre-tax earnings were a loss of $461,333 against pre tax income of $521,900 a decrease of $983,233. After tax loss for the period was $407,800 as compared to income of $336,227. During the quarter, the company experiences a delay in business activities related to a significant contract with CAE Inc. That in turn resulted in less billable hours and less revenue in relation to the previously announced translation contract associated with this work.

Bluedrop Performance Learning Inc. reported audited earnings results for the year ended September 30, 2012. For the year, the company reported revenues were CAD 10,471,506 up from CAD 6,857,398 an increase of 53%. Pre-tax earnings were CAD 448,999 against a pre-tax loss in the prior year of CAD 919,303 an increase of CAD 1,368,302. After tax earnings were CAD 243,570 as compared to loss of CAD 885,303 in the prior period. For the third quarter of 2012, the company reported restated profit before income taxes was CAD 278,000 compared to previously reported profit before income tax of CAD 289,000. Restated net profit was CAD 139,000 compared to previously report net profit of CAD 147,000. Restated basic and diluted per share was CAD 0.0014 compared to previously report basic and diluted per share of CAD 0.0015. For the second quarter of 2012, the company reported restated loss before income taxes was CAD 410,000 compared to previously reported loss before income tax of CAD 538,000. Restated net loss was CAD 313,000 compared to previously report net loss of CAD 444,000. Restated loss per basic and diluted share was CAD 0.0033 compared to previously reported loss per basic and diluted share of CAD 0.0047. For the first quarter of 2012, the company reported restated profit before income taxes was CAD 523,000 compared to previously reported profit before income tax of CAD 356,000. Restated net profit was CAD 338,000 compared to previously report net profit of CAD 167,000. Restated basic and diluted per share was CAD 0.0042 compared to previously reported basic and diluted per share of CAD 0.0021.