Exhibit 2

ADB Systems International Ltd.

Consolidated Balance Sheets

(expressed in thousands of dollars)

(Canadian GAAP, Unaudited) 

	March 31			March 31			December 31
	2006			2006			2005
	(unaudited)			(unaudited)			(audited)
	(in $C)			(in $US)			(in $C)
				1.1670
				translated
				into $US at
				Cdn$ 1.1670
				for
				convenience
Cash	$	863		$	740		$	278
Restricted Cash	$	-		$	-		$	-
Marketable securities		13			11			13
Other current assets		1,510			1,295			1,295
Other assets		221			189			257
Total assets	$	2,607		$	2,234		$	1,843
Accounts payable and accrued liabilities	$	2,105		$	1,804		$	2,129
Due to related parties		92			79			137
Deferred revenue		490			420			141
Current portion of secured subordintated notes		356			305			343
Non-current portion of secured subordintated notes		2,112			1,810			1,800
Minority interest		3			3			3
Total shareholders' deficiency		(2,551	)		(2,187	)		(2,710	)
Total liabilities and shareholders' equity (deficiency)	$	2,607		$	2,234		$	1,843

ADB Systems International Ltd.

Consolidated Statements of Operations

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

(Canadian GAAP, Unaudited)

	Three Months Ended
	March 31
	2006			2006			2005
	($C)			($US)			($C)
				translated
				into US$ at
				1.1670
				Cdn$ 1.1670
				for
				convenience
Revenue	$	1,722		$	1,476		$	1,536
Operating expenses
General and administrative		841			721			1,026
Customer service and technology		884			757			929
Sales and marketing costs		142			122			137
Employee stock options		47			40			23
Depreciation and amortization		36			31			33
Other income		-			-			(42	)
Total operating expenses		1,950			1,672			2,106
Loss from operations		(228	)		(196	)		(570	)
Interest expense
Cash interest expense		107			92			71
Accretion of secured subordinated notes		145			124			95
		252			216			166
Net loss for the period	$	(480	)	$	(412	)	$	(736	)
Net loss per share, basic and diluted	$	(0.01	)	$	(0.01	)	$	(0.01	)
Weighted average common shares		74,208			74,208			71,370

RECONCILIATION OF NET LOSS TO EBITDA

	Three Months Ended
	March 31
	2006			2006			2005
	($C)			($US)			($C)
				translated
				into US$ at
				1.1670
				Cdn$ 1.1670
				for
				convenience
Net loss for the period, as per above	$	(480	)	$	(411	)	$	(736	)
Reconciling items:
Employee stock options		47			40			23
Interest expense:
Cash interest expense		107			92			71
Accretion of secured subordinated notes		145			124			95
Depreciation and amortization		36			31			33
Other income		-			-			(42	)
EBITDA		(145	)		(124	)		(556	)