Bluebook International Reports First Quarter 2005 Results

Total Transaction Volume Rises to Over 52,000

LAKE FOREST, Calif., May 23 -- Bluebook International, Inc. (BULLETIN BOARD: BBKH) , a leading data and software services provider to the Property and Casualty Insurance industry, today announced results for the quarter ended March 31, 2005.

Revenues for the quarter were $169,752 with a net loss of $651,112 or .07 per share. Total transaction volume for the first quarter including paid, pilot programs and demo accounts for prospective customers, rose to over 52,000.

   Quarter Highlights Include:

   *  Transaction volume on the InsureBASE platform was up well over 400%
      from the previous quarter.

   *  Signed joint license and revenue share agreement for InsureBASE with
      the nation's largest provider of property ownership information and
      analytic software services.

   *  Created largest known web-based property replacement cost database
      covering more than 70 million homes.  Key products are now positioned
      to provide services to initial markets that generate more than
      800 million transactions annually.

   *  Signed a two year license agreement with Homesite Insurance Group,
      expected to yield approximately $150-$200K transactions over the
      course of the contract.

   *  Hired two key sales executives and two consultants from the
      competition, with combined production of over $75 million in insurance
      business development.

   *  Renewed license agreements with Allianz, Lombard Insurance,
      Underwriter's Rating Board, and CIG (California Insurance Group).

Mark Josipovich, President and CEO of Bluebook stated, "The first quarter was very important in generating positive momentum for our company, as we achieved the goals we had established. We have successfully navigated through this period of unusually high investment in both the building and deployment of our platform, and the hiring of a sales and marketing team. We are establishing Bluebook as vital data source to the insurance and financial services industry. We are exciting about the significant expansion in our pipeline of potential clients, increased evaluations and positive market feedback. We are in active discussions regarding strategic relationships with several of the major data providers. We are also rolling out a web-based direct to consumer product."

Josipovich concluded, "The most compelling aspect for us is that all the users of our data will have to continually return to us for the most up to date information, creating a recurring stream of revenue for Bluebook."

About The Bluebook International Holding Company

The Bluebook International Holding Company (BULLETIN BOARD: BBKH) is a leading data, software and services provider to the Property and Casualty insurance industry. The Bluebook's information and solutions serve the underwriting and claims process with highly scalable and accessible software and data solutions built on Bluebook's industry utilized standards, pricing and best practices. Bluebook's International property repair and replacement data combined with standards in technology are providing significant enhancements in workflow and reducing costs.

SAFE HARBOR STATEMENT

THIS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE ALSO MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. THIS RELEASE INCLUDES STATEMENTS THAT MAY CONSTITUTE FORWARD-LOOKING STATEMENTS PURSUANT TO THE SAFE-HARBOR PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995, OR BY THE SECURITIES AND EXCHANGE COMMISSION IN ITS RULES, REGULATIONS AND RELEASES. THESE FORWARD-LOOKING STATEMENTS ARE SUBJECT TO RISKS, UNCERTAINTIES, AND OTHER FACTORS, SOME OF WHICH ARE BEYOND THE CONTROL OF BLUEBOOK, ARE DIFFICULT TO PREDICT AND COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED ABOVE.