ARIUS Announces Third Quarter Fiscal 2007 Financi...(p Repayment of capital lease and ...)

equipment financing obligations (23,478) (68,263)

----------------------------------------------------------

(23,478) 24,287,451

Investing activities:

Purchase of short-term

investments (25,405,198) (14,998,021)

Maturity of short-term

investments 33,578,025 -

Leasehold inducements - -

Long-term investment - -

Acquisition of property

and equipment (723,147) (674,279)

Disposal of equipment - -

----------------------------------------------------------

7,449,680 (15,672,300)

Increase in cash & cash

equivalents 2,124,931 6,702,898

Cash & cash equivalents,

beginning of period 4,077,065 152,967

------------------------------------------------------------

Cash & cash equivalents,

end of period 6,201,996 6,855,865

------------------------------------------------------------

------------------------------------------------------------

-------------------------------------------------------------------------

Cumulative

Three-month Three-month since

period ended period ended inception on

August 31, August 31, August 11,

2007 2006 1999

$ $ $

--------------------------------------------------------
'/>"/>