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Champions Biotechnology Reports Fiscal 2010 Third Quarter Financial Results
Date:3/17/2010

class="xn-chron">April 30, 2009.  

Recently the Company commenced a private offering to "Accredited Investors" as defined in section 2(15) of the Securities Act.  The Company is seeking to raise up to $10.0 million dollars through the private placement of unregistered shares of its common stock.  During the third quarter of 2010 the Company received gross proceeds of $2,100,000 from the private placement of 2,800,000 shares of the Company's unregistered stock.

For the nine-month period ended January 31, 2010, revenues were $2,993,000 compared to $2,701,000 for the comparable period last year, an increase of 11%.  Total operating expenses which include research and development and general and administrative, were $4,000,000 compared to $2,235,000 for the comparable period last year, an increase of 79% and the Company reported a net loss of $2,371,000 or $0.07 per share, as compared to a net loss of $855,000 or $0.03 per share for the comparable period in fiscal 2009.

Dr.

SOURCE Champions Biotechnology, Inc.
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