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Microfluidics International Corporation Announces Second Quarter 2009 Financial Results
Date:8/11/2009

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--Financial Charts to Follow--


                     MICROFLUIDICS INTERNATIONAL CORPORATION
                      Condensed Consolidated Balance Sheets
          (Unaudited - in thousands, except share and per share amounts)

                                                 June 30,        December 31,
                                                   2009              2008
                                                   ----              ----
    ASSETS
    Current assets:
      Cash and cash equivalents                    $402           $1,895
      Accounts receivable, net of allowance
       of $44 both at June 30, 2009 and
       December 31, 2008, respectively            2,788            2,181
      Inventories                                 2,843            2,723
      Prepaid and other current assets              285              320
                                                    ---              ---
        Total current assets                      6,318            7,119
    Property and equipment, net                   1,034            1,121
    Other non-current assets                        464              480
                                                    ---              ---
        Total assets                             $7,816           $8,720
                                                 ======           ======

    LIABILITIES AND STOCKHOLDERS' EQUITY
    Current liabilities:
      Accounts payable                           $1,151             $986
      Accrued expenses                              938            1,233
      Customer advances                             409              436
                                                    ---              ---
        Total current liabilities                 2,498            2,655
    Long-term liabilities:
      Convertible debt                            4,652            4,625
     
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SOURCE Microfluidics International Corporation
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