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Bioheart, Inc. Announces Financial Results for Second Quarter 2008
Date:7/30/2008

Development revenues 15,000 - 76,500 -

Expenses:

Research and

development 1,477,634 1,785,661 2,835,691 3,186,251

Marketing, general

and administrative 1,876,442 873,300 2,948,711 1,750,676

Depreciation and

amortization 45,921 45,780 91,549 92,226

Total expenses 3,399,997 2,704,741 5,875,951 5,029,153

Loss from

operations (3,372,732) (2,536,793) (5,764,316) (4,854,760)

Interest income 8,256 75,157 42,202 115,781

Interest expense (496,875) (300,801) (1,430,285) (301,362)

Net interest

(expense) income (488,619) (225,644) (1,388,083) (185,581)

Loss before income

taxes (3,861,351) (2,762,437) (7,152,399) (5,040,341)

Income taxes - - - -

Net loss $(3,861,351) $(2,762,437) $(7,152,399) $(5,040,341)

Loss per share -

basic and diluted $(0.27) $(0.21) $(0.51) $(0.39)

Weighted average shares

outstanding - basic

and diluted 14,447,138 13,235,738 14,150,984 13,012,328

Contact: William Kline Lytham Partners, LLC

Chief Financial Officer Joe Diaz

Nicholas Burke Joe Dorame

VP - Financial Operations Robert Blum

(954) 835-1500 (602) 889-9700


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SOURCE Bioheart, Inc.
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