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SPO Medical Files Annual Report for Fiscal 2008
Date:4/2/2009

NEW YORK, April 2 /PRNewswire-FirstCall/ -- SPO Medical Inc. (OTC: SPOM), a leading developer of biosensor and microprocessor technologies for use in portable monitoring devices, announced today that it has filed its Annual Report on Form 10-K for the year ended December 31, 2008.

Gross revenues of US$2.8 Million were recorded in 2008. The 2008 revenues reflect initial sales of SPO Medical's finger oximeter PulseOx 6000(TM) and the hand-held PulseOx 6100(TM) devices which are targeted to the professional medical market. Our medical market product portfolio now consists of four devices which also include the entry-level finger PulseOx 5500(TM) and the PulseOx 7500(TM), a pre-screening tool for monitoring Sleep Apnea. Since the PulseOx product line was introduced, over 160,000 devices have been sold in 40 countries worldwide with cumulative gross sales revenue to SPO Medical of over US$13 Million.

SPO Medical recently announced that it had appointed an independent sales representative group for the US medical market that service the healthcare industry and operate with manufacturers of medical products and devices, as their field sales representatives and agents. This is designed to intensify the Company's focus on sales in its primary market, the US.

Michael Braunold, President and Chief Executive Officer of SPO Medical commented: "As with many companies in our market sector, the current worldwide economic financial crisis has negatively impacted the potential purchasing decisions of our customers, leading to a decrease in revenues for fiscal 2008. With continued increasing challenges in worldwide markets, we seek to extend our reach in the United States as our primary market. We hope our newly appointed sales representatives will vastly extend our distribution capability to medical facilities we could not reach before and strengthen our overall presence and penetration in the territory."


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