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GeneNews announces 2007 year end results
Date:3/26/2008

383

General and administrative 2,655,651 1,889,675

Stock-based compensation 478,172 728,383

Amortization of intellectual property 442,148 442,147

Foreign exchange loss 114,149 68,797

Interest on long-term debt 31,490 19,758

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12,624,043 12,667,143

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Interest income 822,286 448,202

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Net and comprehensive loss for the year (9,634,045) (8,935,673)

Deficit, beginning of year (23,714,085) (14,778,412)

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Deficit, end of year (33,348,130) (23,714,085)

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Net and comprehensive loss per common share

Basic and fully diluted $(0.17) $(0.18)

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Weighted average number of common

shares outstanding

Basic and fully diluted 55,453,018 49,045,966

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Note: The full financial statements with notes and auditors' report are

found on SEDAR

GeneNews Limited
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