For immediate release July 5, 2004

Kelowna, B.C - Bridges Transitions Inc. ("the Company") (TSX: BIT) announces today the final phase of its restructuring program. In November 2002, Bridges Transitions Inc. initiated a 2-year re-structuring plan designed to complete the integration of the two predecessor companies that merged to create Bridges in 2000. The re-structuring goal was to reduce costs, improve operating proficiency across all Company departments and to match the efficiency of the best run companies in the educational publishing sector. The final phase of this re-structuring, as introduced at the end of the 3rd Quarter, is announced today. It comprises 3 separate components.

New Facilities
At the end of June, 2004 Bridges moved its head office into new facilities in Kelowna, British Columbia. The new facilities, comprising nearly 15,000 square feet place all head office employees in a single facility that is fully equipped with updated office technology. The new facilities replace 3 separate buildings with an aggregate area of more than 25,000 square feet and aged and unproductive equipment. As a result of the move, the new Company will generate direct cost savings of more than $100,000 per year as well as significant but immeasurable efficiencies to be gained from proximal work by staff and the use of more productive equipment.

Internet Operations Outsourced
Historically, Bridges has owned and operated its own internet servers. The current server technology, together with the engineering required to establish databases to host Company applications, was the result of a multi-year investment of more than $7.0 million. Unfortunately, the investment and the operating costs required to operate and maintain the installation have not resulted in the exceptionally high level of availability demanded by education customers. Accordingly, the Company has decided to abandon its own servers and to outsource the delivery of its internet services to a specialty internet service center. The outsourcing will result in expense reductions of more than $300,000 per year as well as much improved customer experience and reliability.

Sales Department Re-Structuring
The re-structuring of the Company's Sales Department was also initiated in June 2004. The re-structuring will see North America divided into approximately 20 contiguous territories with significant new personnel assignments and a new management structure. The new structure will result in modest operating savings but is expected to improve the Company's ability to generate revenue.

Costs, Re-Structuring Expense Provisions and Non-Cash Asset Write downs
During June and July 2004, the Company invested approximately $1,000,000 on new office facilities and relocation. Also in June, the Company recorded a non-cash asset write down of approximately $3,350,000 for assets made redundant by internet outsourcing. Finally, and also in June, the Company established a $750,000 re-structuring expense provision that will be liquidated as costs are incurred through the first 6 months of fiscal 2005. These investments and expenses will all apply to Bridges' fiscal 2004 financial statements.

About Bridges
Bridges is a leading provider of products and services used by schools, universities and agencies to help people achieve education and career success. Over 13,500 schools and agencies use Bridges' products and services. Bridges serves the needs of millions of people seeking educational or career planning assistance.

For more information, visit http://www.bridges.com. The Company is listed on the Toronto Stock Exchange under the symbol: BIT.

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