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CEL-SCI CORPORATION Reports Third Quarter 2008 Financial Results
Date:8/20/2008

eir effectiveness.

The Company has operations in Vienna, Virginia and Baltimore, Maryland. CEL-SCI's other products, which are currently in pre-clinical stage, have shown protection against a number of diseases in animal tests and are being tested against diseases associated with bio-defense.

CEL-SCI CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

Three Months Ended

June 30,

2008 2007

REVENUE:

Grant revenue $ 3,535 $ -

Rent income - 5,734

Other income - 715

Total Revenue 3,535 6,449

EXPENSES:

Research and development, excluding

depreciation of $7,246 and $21,086

included below 975,183 632,868

Depreciation and amortization 27,743 45,089

General and administrative 1,177,288 3,104,755

Total Expenses 2,180,214 3,782,712

LOSS FROM OPERATIONS (2,176,679) (3,776,263)

GAIN (LOSS) ON DERIVATIVE INSTRUMENTS 206,106 (1,090,471)

INTEREST INCOME 94,333 190,112

INTEREST EXPENSE (113,038) (878,354)

NET LOSS BEFORE INCOME TAXES (1,989,278) (5,554,976)

INCOME TAX PROVISION - -

NET LOSS (1
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SOURCE CEL-SCI CORPORATION
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