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ARIUS announces second quarter fiscal 2008 financial results
Date:7/11/2008

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Deficit, end of period (38,934,651) (26,819,421) (38,934,651)

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Loss per share - basic and

diluted (0.08) (0.07)

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Weighted average common shares

outstanding 47,062,644 44,750,964

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ARIUS RESEARCH INC.

(A DEVELOPMENT STAGE COMPANY)

INTERIM STATEMENTS OF CASH FLOWS

(Unaudited)

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Six-month Six-month

period ended period ended

May 31, May 31,

2008 2007

$ $

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Cash provided by (used in):

Operating activities:

Loss for the period (6,401,018) (5,342,827)

Items not involving cash:

Amortization of:

Facilities and equipment 187,307 166,479

Deferred costs - -

Leasehold inducements (20,743) (20,743)

Loss on disposal of equipment - -

Write-off of leasehold

improvements - -

Write-off of receivable 42,109
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SOURCE ARIUS Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

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