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Encorium Reports Second Quarter 2009 Financial Results
Date:8/24/2009

$ (0.09) $ (0.09) Discontinued Operations $ (0.03) $ (0.04) $ (0.01) $ (0.08) Net Loss per Common Share $ (0.09) $ (0.07) $ (0.10) $ (0.17) ENCORIUM GROUP, INC CONSOLIDATED BALANCE SHEET (UNAUDITED) June 30, December 31, 2009 2008 Assets Current Assets Cash and cash equivalents $ 838,696 $5,705,818 Investigator advances 0 1,088,768 Accounts receivable, less allowance of $0 and $97,000 for June 30, 2009 and December 31, 2008, respectively 2,790,665 4,624,161 Prepaid expenses and other 958,731 1,206,088 Prepaid taxes 46,117 28,290 Costs and estimated earnings in excess of related billings on uncompleted contracts 1,260,625 1,443,427 Total Current Assets 5,894,834 14,096,552 Property and Equipment, Net 314,191 1,211,929 Intangible Assets Goodwill 1,361,520 1,366,269 Other intangibles, Net 3,579,665 3,733,517 Other assets, including net assets held for sale of $2.7M 3,177,303 684,666 Total Assets $14,327,513 $21,092,933 Liabilities and Stockholders' Equity Current Liabilities Accounts payable $3,088,534 $3,624,071 Accrued expenses 2,799,343 3,004,627 Deferred taxes 272,676 206,173
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SOURCE Encorium Group, Inc.
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1. Encorium Appoints David Ginsberg President and Chief Executive Officer, Announces Changes to the Board of Directors
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