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GeneNews Announces Second Quarter Results
Date:8/7/2008

term debt 983,081 1,280,916

Long-term portion of deferred revenue - 401,371

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Total liabilities 4,283,751 5,171,648

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Shareholders' equity

Capital stock 44,542,030 44,290,930

Contributed surplus 3,228,101 2,733,562

Deficit (39,929,240) (33,348,130)

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Total shareholders' equity 7,840,891 13,676,362

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12,124,642 18,848,010

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CONSOLIDATED STATEMENTS OF OPERATIONS

AND DEFICIT

(Unaudited)

(Expressed in Canadian dollars)

Three months Three months Six months Six months

ended ended ended ended

June 30 June 30 June 30 June 30

2008 2007 2008 2007

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Revenue

Milestones $ 288,438 $ - $ 582,724 $ 1,666,236

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288,438 - 582,724 1,666,236

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

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