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Photonic Products Group, Inc. Reports Record Financial Results for FY 2007
Date:3/31/2008

suance of common stock 445,247 112,830 (19,492)

Proceeds from secured notes

payable 700,000 -

Redemption of Series B

Preferred shares (50,000) - -

Principal payments of notes

payable (647,215) (326,724) (166,515)

Principal payments of

convertible promissory notes (1,000,000)

Principal payments of

capital lease obligations (196,349) (249,738) (272,347)

Net cash provided by

(used in) financing

activities (1,448,317) 236,368 (458,354)

Net increase (decrease) in

cash and cash equivalents 1,317,893 1,921,489 (236,944)

Cash and cash equivalents at

beginning of the year 3,078,052 1,156,563 1,393,507

Cash and cash equivalents at

end of the year $4,395,945 $3,078,052 $1,156,563


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SOURCE Photonic Products Group, Inc.
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