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Clarient Reports Strong Revenue Increase for Fourth Quarter and Full-Year 2008
Date:3/11/2009

its audit of the Company's consolidated financial statements for the year ended December 31, 2008, its audit opinion will contain an explanatory paragraph stating that substantial doubt exists with respect to the Company's ability to continue as a "going concern".

Clarient completed an initiative in the fourth quarter of 2008 to enhance the transparency of its financial statements, according to Raymond J. Land, Senior Vice President and Chief Financial Officer. "We will now report more line items within the Operating Expenses section of our Income Statement," Mr. Land said. "We believe this expanded presentation will improve the understanding and comparability of our performance in an increasingly competitive market. We also will be adjusting certain expenses between cost of services and operating expenses for all periods presented within our December 31, 2008 Form 10-K to correct an income statement classification error discovered during the fourth quarter of 2008. Our investors will now have an improved view of our total cost mix."

Commenting further, Mr. Land stated, "The recent extension of our financing facilities through fiscal year 2009 gives us access to liquidity sources which should enable us to achieve our 2009 goals. We believe our ability to extend our credit facilities in these turbulent financial markets is a validation by our lenders of the growing financial strength of Clarient."

Conference Call

Clarient will hold a conference call to discuss fourth-quarter and 2008 results and the Company's outlook for 2009. The call will include a period for questions and answers.

    Date:  Wednesday, March 11, 2009

    Time:  5:00 p.m. Eastern

    Call-in Number: 1-800-762-8779 (domestic)
                    +480-248-5081 (international)

    Conference ID Number: 3992520

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SOURCE  Clarient, Inc.
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