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Clarient Announces Fourth Quarter and Year-End 2007 Financial Results
Date:3/31/2008

ect to adjustment) in debt financing via a revolving credit facility. Further information regarding the Safeguard facility is set forth in the Company's current reports on Form 8-K filed with the Securities and Exchange Commission on March 17, 2008 and March 21, 2008, respectively. The Company currently has $12.4 million of borrowings outstanding under the Safeguard facility and $9 million of borrowings (plus a $3 million letter of credit) outstanding under its credit facility with Comerica Bank. Subsequent to the execution of the Safeguard facility, the Company entered into an amendment to its credit facility with Comerica Bank to set the financial covenant under the Comerica facility for the 2008 fiscal year, which requires the Company to maintain specified levels of minimum tangible net worth. The Company believes that the Safeguard and Comerica facilities will provide it with access to sufficient amounts of capital during 2008 to continue to operate and grow its business. The financial covenant contained in the Comerica facility was set by the Company and Comerica based on the Company's 2008 business plan, and the Company believes it will be able to maintain compliance with this covenant.

The financial covenant contained in the Comerica facility is based on the assumption that the Company's results from operations in 2008 will significantly improve from the Company's historical results of operations. In addition, the Company has previously not been able to maintain compliance with prior financial covenants in its credit facilities with respect to certain periods. Therefore, for these and other reasons, the Company has been advised by the Company's independent registered public accounting firm, that the firm's audit opinion with respect to its audit of the Company's consolidated financial statements for the fiscal year ending December 31, 2007, will contain an explanatory paragraph stating that substantial doubt exists with respect to the Company's ability
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SOURCE Clarient, Inc.
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