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

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5,604,946 8,982,220

Nature of operations and going concern

uncertainty

Commitments

Subsequent events

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11,565,836 15,368,276

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ARIUS RESEARCH INC.

(A DEVELOPMENT STAGE COMPANY)

INTERIM STATEMENTS OF OPERATIONS, COMPREHENSIVE LOSS AND DEFICIT

(Unaudited)

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

Six-month Six-month

period ended period ended

May 31, May 31,

2008 2007

$ $

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Revenue:

Research contract 1,249,340 -

Product 121,107 56,486

Licensing fees 101,000 -

Research grant payments - 73,360

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1,471,447 129,846

Expenses:

Research and development,

net of tax credits 5,933,367 4,059,931

General and administrative 2,170,683 1,437,009

Foreign exchange loss (gain) (202,635) 235,234

Interest expense 2,371 1,646

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7,903,786 5,733,820'/>"/>

SOURCE ARIUS Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

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