05Q1 Biblioteca seguridad extremecctv

significant events and transactions affecting the Company during the current fiscal period and do not

economic conditions, changing foreign exchange rates and actions by government authorities,

Management Discussion & Analysis

statements evaluating market and general economic conditions, as well as statements regarding future-

Basic earnings per share for the quarter ended December 31, 2004 were $.00 ($.00 diluted), compared

To our shareholders

Management has prepared the following discussion and review of the consolidated operating results

Extreme CCTV Inc., including our Annual Information Return is available on SEDAR at

Quarter ended December 31, 2004

dramatically. Such risks and uncertainties with respect to the company include the effects of general

principles generally accepted in Canada. These interim financial statements include only disclosures of

unaudited interim financials statements, related discussion and analysis, and notes thereto for the three

months ended December 31, 2004 should be read in conjunction with the Company's annual report for

the quarter ended December 31, 2003. Earnings before income taxes decreased to $ 53,579 for the

and contributed surplus.

Financial Highlights

looking statements are subject to certain risks and uncertainties that could cause actual results to differ

include all disclosures normally provided in the Company's annual financial statements. These

constitute forward-looking statements. Forward-looking statements include, without limitation,

(all figures in $CDN unless otherwise stated)

Vancouver B.C.

looking statements, which reflect management's analysis only as of the date thereof. These forward-

the fiscal year ended September 30, 2004. All amounts are expressed in Canadian dollars unless

and financial position of Extreme CCTV Inc. ("Extreme" or the "Company") based upon accounting

to $.01 ($.01 diluted) for the quarter ended December 31, 2003.

Comparative figures for the quarter ended December 31, 2003 have been restated to take into effect the

TSX: EXC

quarter ended December 31, 2004 from $ 244,745 for the quarter ended December 31, 2003. Net

pricing pressures and misjudgements in the course of preparing forward-looking statements.

administrative expenses have been affected by the restatement, as well as opening retained earnings

Revenues for the quarter ended December 31, 2004 were $5.6 million as compared to $5.4 million for

uncertainties associated with legal proceedings and negotiations, industry supply levels, competitive

otherwise stated. This disclosure is effective February 14, 2005. Additional information related to

earnings after tax for the quarter decreased to $ 3,895 from $ 169,043 in the same period in 2003.

retroactive treatment of stock based compensation expense. Sales and marketing, and general and

This quarterly report contains information (to the extent not based on historical events) that may

www.sedar.com.

oriented costs and expenditures. Investors are cautioned not to place undue reliance on these forward-