October 10, 2002

KELOWNA, BC -- Bridges.com Inc. (TSX:BIT), North America's leading provider of career and educational planning tools, today reported results for its third quarter of fiscal 2002. The following message is from Bridges' Chief Executive Officer, John Simmons

CEO's Message

To Our Shareholders:

During Q3 the adverse revenue trends experienced by the company in Q1 and Q2 continued. By quarter-end both year-to-date as well as quarterly revenues were approximately 5% behind those of the prior year. These revenues are well below our budgets and expectations and these lower than expected revenues are of great concern.

Ours is a seasonal business that expects more than 65% of annual revenue in the final two quarters of the fiscal year. By the end of Q3 we had expected to achieve positive year-to-date EBITDA coupled with the continued expectation of attractive profits to finish the 2002 fiscal year end. While we achieved EBITDA of $1.3 million in Q3 this was down from the $1.6 million for the same period in 2001. As a result, our year-to-date EBITDA remained negative at ($537,591) compared to a positive $764,583 for the same period 2001.

In seeking to understand our "below expectation" revenue performance we have looked in depth at our new customer subscriptions and renewals. The largest contributor to our shortfall has been a falling rate of resubscription. While we have historically enjoyed annual returns of approximately 90% of our subscribers, this year our resubscription rate has fallen to an unexpected 81%.

Our company closely examines lost subscription business on a one customer at a time basis. This on-going review tells us that our customers are leaving our subscriber ranks in spite of their respect for our products and service. In general terms our lost customers have budget and funding issues relating to reduced government revenues and changes on the funding landscape. These factors have slowed the rate of resubscription and it is now more difficult than in the past to retain our site subscribers. There is no immediate indication that this trend will abate in the near term.

These market conditions demand that we become a better marketer and that we operate our business with increased efficiency. To this end we strengthened our management team in July with the appointment of Ms. Patt Montgomery as Executive Vice President - Marketing. Ms. Montgomery has achieved success in our market as an executive with both Thomson Learning as well as Apple Computer and we are confident that her influence will be instructive in our quest to strengthen our position in every market in which we participate.

We have also begun the task of examining our business processes and systems in an effort to understand how we might simplify and streamline our business. This is to be an ongoing task that will form part of our corporate culture. We have a very capable staff and management team who will be constantly seeking to become more efficient. Our goal is efficiently managed growth and ever increasing profitability. I am confident that our team can deliver both.

Our final quarter is pivotal to this year's financial success. During this period our sales teams are working hard to secure all potential revenues - both new and re-subscription. We are hopeful that these very focused efforts will reduce the impact of some of the recent market uncertainties allowing the company to return to more typical and predictable revenue patterns.

As we navigate your company through these most challenging times we recognize and are grateful for the support of our shareholders.

Sincerely,

John Simmons
October 10, 2002

Consolidated Financial Statements - Nine Months Ended August 31, 2002
BRIDGES.COM INC. Consolidated Balance Sheets
                                         August 31         November 30
                                        --------------------------------
                                              2002                2001
                                        --------------------------------
ASSETS                                  (unaudited)           (audited)
CURRENT
 Cash and cash equivalents           $   2,149,625      $    6,952,794
 Accounts receivable                     5,126,716           6,611,783
 Prepaid expenses and other                744,889             690,369
------------------------------------------------------------------------
                                         8,021,230          14,254,946
Capital assets                           8,224,177           4,681,239
Future income taxes                      1,459,771             542,127
Intangibles                                 63,389             842,232
Goodwill                                 2,235,114           2,235,114
------------------------------------------------------------------------
                                     $  20,003,681      $   22,555,658
------------------------------------------------------------------------
LIABILITIES
CURRENT
 Accounts payable and accrued
  liabilities                        $   2,221,238      $    3,155,955
 Deferred revenue                        4,080,644           3,246,207
 Current portion of capital
  lease obligations                        152,601             149,196
------------------------------------------------------------------------
                                         6,454,483           6,551,358
Capital lease obligations, net
 of current portion                          2,062              96,001
------------------------------------------------------------------------
                                         6,456,545           6,647,359
------------------------------------------------------------------------
SHAREHOLDERS' EQUITY
Common stock                            17,840,733          18,220,754
Deficit                                 (4,293,597)         (2,312,455)
------------------------------------------------------------------------
                                        13,547,136          15,908,299
------------------------------------------------------------------------
                                     $  20,003,681      $   22,555,658
------------------------------------------------------------------------
BRIDGES.COM INC. Consolidated Interim Statements of Operations
and Deficit (Unaudited)
                            Three       Three         Nine         Nine
                           months      months       months,      months
                            ended       ended        ended        ended
                        August 31,  August 31,   August 31    August 31,
                       -------------------------------------------------
                             2002        2001         2002         2001
                       -------------------------------------------------
REVENUE               $ 5,639,108 $ 5,917,327 $ 11,953,170 $ 12,567,387
COSTS OF REVENUE        1,648,188   1,590,305    4,393,781    4,204,562
------------------------------------------------------------------------
GROSS MARGIN            3,990,920   4,327,022    7,559,389    8,362,825
------------------------------------------------------------------------
EXPENSES
 Sales and marketing    1,872,748   1,703,207    5,498,678    4,641,142
 Research and
  development              74,014     154,413      230,745      441,826
 General and
  administrative          722,899     864,675    2,367,557    2,515,274
------------------------------------------------------------------------
                        2,669,661   2,722,295    8,096,980    7,598,242
------------------------------------------------------------------------
INCOME (LOSS) BEFORE
 AMORTIZATION, OTHER
 (LOSS) INCOME, AND
 TAXES                  1,321,259   1,604,727     (537,591)     764,583
 Amortization of
  capital assets         (271,898)   (284,667)    (838,920)    (673,640)
 Amortization of
  intangibles             (27,167)   (550,174)    (778,843)  (1,650,522)
 Other income              94,246     181,723       21,992      424,328
------------------------------------------------------------------------
INCOME (LOSS) BEFORE
 INCOME TAXES AND
 AMORTIZATION OF
 GOODWILL               1,116,440     951,609   (2,133,362)  (1,135,251)
 Income tax expense
  (recovery)              504,606     403,257     (892,809)    (507,595)
------------------------------------------------------------------------
INCOME (LOSS) BEFORE
 AMORTIZATION OF
 GOODWILL                 611,834     548,352   (1,240,553)    (627,656)
Amortization of goodwill        -    (419,084)           -   (1,257,251)
------------------------------------------------------------------------
NET INCOME (LOSS) FOR
 THE PERIOD               611,834     129,268   (1,240,553)  (1,884,907)
DEFICIT, BEGINNING OF
 PERIOD                (4,904,359) (3,028,905)  (2,312,455)    (956,572)
 Excess of purchase
  cost over carrying
  value of common
  shares cancelled         (1,072)    (33,062)    (740,589)     (91,220)
------------------------------------------------------------------------
DEFICIT, END OF
 PERIOD               $(4,293,597)$(2,932,699) $(4,293,597) $(2,932,699)
------------------------------------------------------------------------
Basic earnings (loss)
 before amortization
 of goodwill per
 share                $      0.05 $      0.04  $     (0.10) $     (0.05)
------------------------------------------------------------------------
Basic earnings (loss)
 per share            $      0.05 $      0.01  $     (0.10) $     (0.14)
------------------------------------------------------------------------
Weighted average number
 of shares used to
 calculate
 basic earnings (loss)
 per share             12,573,246  12,880,507   12,691,349   13,224,157
------------------------------------------------------------------------
BRIDGES.COM INC.  Consolidated Interim Statements of Cash Flows
(Unaudited)
                           Three        Three         Nine         Nine
                          months       months       months,      months
                           ended        ended        ended        ended
                       August 31,   August 31,   August 31    August 31,
                       -------------------------------------------------
                            2002         2001         2002         2001
                       -------------------------------------------------
CASH FLOWS FROM
 OPERATING
 ACTIVITIES
 Net income (loss)
  for the period     $   611,834  $   129,268  $(1,240,553) $(1,884,907)
 Items not affecting
  cash
  Amortization of
   capital assets        271,898      284,666      838,920      673,640
  Amortization of
   intangibles            27,166      550,174      778,843    1,650,522
  Amortization of
   goodwill                    -      419,083            -    1,257,251
  Future income tax
   recovery              499,219      403,257     (917,644)    (507,595)
  Changes in
   operating assets
   and liabilities:
   Accounts
    receivable        (2,239,231)  (2,506,239)   1,485,066     (461,249)
   Prepaid expenses
    and other                522       23,277      (54,520)      19,157
   Accounts payable
    and accrued
    liabilities           (5,624)     607,340   (1,139,945)     278,212
   Deferred revenue    1,195,415      480,833      834,437      117,707
------------------------------------------------------------------------
                         361,199      391,659      584,604    1,142,738
------------------------------------------------------------------------
CASH FLOW FROM
 INVESTING
 ACTIVITY
Purchase of capital
 assets, net of
 related accounts
 payable              (1,086,200)    (642,238)  (4,176,628)  (2,206,616)
------------------------------------------------------------------------
                      (1,086,200)    (642,238)  (4,176,628)  (2,206,616)
------------------------------------------------------------------------
CASH FLOWS FROM
 FINANCING
 ACTIVITIES
 Issuance of common
  shares                       -            7       38,625       20,568
 Shares purchased for
  cancellation                 -        4,406            -            -
 Shares purchased and
  cancelled               (2,552)    (423,591)  (1,159,235)    (585,006)
 Repayment of
  obligations under
  capital lease          (29,569)     (32,536)     (90,535)     (93,933)
 Advances for share
  purchase
  loans                        -     (201,255)           -     (201,255)
------------------------------------------------------------------------
                         (32,121)    (652,969)  (1,211,145)    (859,626)
------------------------------------------------------------------------
NET CASH OUTFLOW
 DURING THE
 PERIOD                 (757,122)    (903,548)  (4,803,169)  (1,923,504)
CASH AND CASH
 EQUIVALENTS,
 BEGINNING OF
 PERIOD                2,906,747    7,212,941    6,952,794    8,232,897
------------------------------------------------------------------------
CASH AND CASH
 EQUIVALENTS, END
 OF PERIOD           $ 2,149,625  $ 6,309,393  $ 2,149,625  $ 6,309,393
------------------------------------------------------------------------
Supplemental
 Cash Flow
 Disclosures:
Interest paid        $     7,071  $    13,367  $    26,529   $   40,806
------------------------------------------------------------------------

Conference Call

To listen to the conference call, please dial 1-800-273-9672 or 1-416-695-5806 ten minutes before the scheduled start of the call. No password is required. If you experience problems during the call or reaching the numbers above, please call Darome Teleconferencing at 1-800-268-9072 or 1-416-695-6740.

A Powerpoint presentation coinciding with the conference call will be available on the Bridges Web site at http://corporate.bridges.com/confcall/101002/index.htm.

Replays of the conference call will be available until midnight October 24, 2002. Replay information is as follows:

Replay: 1-416-695-5800 or 1-800-408-3053
Passcode: 1279092

If you have any questions, please contact: Penny O'Neill, Bridges.com at 1-250-869-4304 or 1-800-281-1168.

About Bridges

Bridges is North America's leading provider of career information services, training, and self-directed career and educational planning tools. Over 15,300 schools, libraries, employment centres, military sites, post-secondary schools and rehabilitation facilities subscribe to Bridges' customized products. Bridges serves the career development needs of millions of students and adults seeking educational or career planning assistance. Its resources are also uniquely adapted to service a wide range of corporate and consumer markets. For more information, visit http://www.bridges.com. The company, which has offices in Canada and the U.S., is listed on the Toronto Stock Exchange under the symbol: BIT.

Forward-Looking Statements

Certain statements contained in this new release, including statements, which may contain words such as "could," "expect," "believe," "will" and similar expressions, and statements relating to matters that are not historical facts are forward-looking statements. Such forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of Bridges to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements.

These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement to the company's services and products; expectations concerning future revenue and earnings; market opportunities; general economic and business conditions; loss of key employees; integration of acquisitions; stock market volatility; supply and demand for services offered by Bridges; changes in laws and regulations; Bridges ability to compete successfully, and adapt to technological advances and changing industry standards and other factors.

All forward-looking statements in this news release are based on management's reasonable beliefs, intentions and expectations with respect to future events and are subject to certain risks, uncertainties and assumptions as of the date of this release. In light of the many risks and uncertainties that may cause future results to differ materially from those expected, the company cannot give assurance that the forward-looking statements contained in this news release will be realized. Forward-looking statements are not guarantees of future performance. Bridges assumes no obligation to update its forward-looking statements to reflect subsequent information or events.

Contacts: