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GeneNews Announces First Quarter Results
Date:5/2/2008

rrent portion of long-term debt 595,582 585,903

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Total current liabilities 3,267,679 3,489,361

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Long-term debt 1,128,337 1,280,916

Long-term portion of deferred revenue 100,876 401,371

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Total liabilities 4,496,892 5,171,648

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Shareholders' equity

Capital stock 44,321,680 44,290,930

Contributed surplus 2,875,837 2,733,562

Deficit (35,934,440) (33,348,130)

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Total shareholders' equity 11,263,077 13,676,362

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15,759,968 18,848,010

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CONSOLIDATED STATEMENTS OF OPERATIONS

AND DEFICIT

(Unaudited)

(Expressed in Canadian dollars)

Three month period ended March 31

2008 2007

$ $

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REVENUE

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

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