Exhibit 2

ADB Systems International Ltd.

Consolidated Statement of Operations

(expressed in thousands of Canadian dollars, except per share amounts)

(Canadian GAAP, Unaudited)

	Three Months Ended March 31
	2005			2005			2004
	translated
	into US$ at
	Cdn$ 1.2094
	for
	convenience
Revenue	$	1,536		$	1,270		$	1,184
General and administrative	1,026			848			1,042
Customer service and technology	929			768			795
Sales and marketing costs	137			113			283
	2,092			1,729			2,120
Loss before employee stock options, depreciation and amortization, interest expense and interest income	(556		)	(459		)	(936		)
Employee stock options	23			19			28
Depreciation and amortization	33			27			356
Interest expense	166			137			67
Interest income	—			—			(1		)
	222			183			450
Loss before the undernoted	(778		)	(642		)	(1,386		)
Loss on disposals of capital assets	—						(1		)
Other income	42			35			—
NET LOSS FOR THE PERIOD	$	(736	)	$	(607	)	$	(1,387	)
BASIC LOSS PER SHARE	$	(0.01	)	$	(0.01	)	$	(0.02	)
Weighted average common shares (000’s)	71,370			71,370			59,742

ADB Systems International Ltd.

Consolidated Balance Sheet

(expressed in thousands of Canadian dollars)

(Canadian GAAP, Unaudited)

	March 31			March 31			December 31
	2005			2005			2004
	(unaudited)			(unaudited)			(audited)
				(in US$)
				translated
				into US$ at
				Cdn$ 1.2094
				for
				convenience
Cash	$	1,407		$	1,163		$	440
Marketable securities	13			11			13
Other current assets	1,550			1,282			1,743
Other assets	280			231			297
Total assets	$	3,250		$	2,687		$	2,493
Current liabilities	$	1,782		$	1,474		$	1,680
Deferred revenue	860			711			135
Other liabilities	1,779			1,471			1,684
Minority interest	3			2			3
Total shareholders’ deficiency	(1,174		)	(971		)	(1,009		)
Total liabilities and shareholders’ equity	$	3,250		$	2,687		$	2,493