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GeneNews Announces First Quarter Results

tioned not to rely on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements.



(Expressed in Canadian dollars)

As at

March 31 December 31

2008 2007

$ $




Cash and cash equivalents 9,116,406 11,279,030

Short-term investment 400,000 400,000

Accounts receivable 1,118,151 1,582,242

Investment tax credits recoverable 573,618 1,038,199

Prepaid expenses and deposits 558,783 512,914


Total current assets 11,766,958 14,812,385


Property, plant and equipment, net 3,700,464 3,635,245

Intellectual property, net 292,547 400,380


15,759,968 18,848,010





Accounts payable and accrued liabilities 1,461,582 1,699,153

Deferred revenue 1,210,514 1,204,305


SOURCE GeneNews Limited
Copyright©2008 PR Newswire.
All rights reserved

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