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SemBioSys announces second quarter 2008 financial and operational results
Date:8/5/2008

2008 2007

------------ ------------ ------------ ------------

$ $ $ $

Cash provided by

(used in)

Operating activities

Net loss for the

period (6,414,856) (3,225,371) (11,431,911) (6,453,782)

Add items not

affecting cash:

Amortization 580,733 241,887 1,074,567 469,945

Loss on sale of

property and

equipment - 1,483 - 1,483

Stock-based

compensation 175,947 186,654 355,850 365,704

Unrealized foreign

exchange loss (gain) 4,991 (128,534) 49,002 (149,544)

Non-cash interest

expense 18,288 - 37,068 -

------------ ------------ ------------ ------------

(5,634,897) (2,923,881) (9,915,424) (5,766,194)

------------ ------------ ------------ ------------

------------ ------------ ------------ ------------

Change in non-cash

working capital and

other balances

related to

operations 88,886 (686,470) 298,802 795,297

------------ ------------ ------------ ------------

Cash used in operating

activities (5,546,011) (3,610,351) (9,616,622) (4,970,897)

------------ ------------ ------------ ------------

------------ ------------ ------------ ------------

Financing activities

Issuance of capital

stock - - - 15,904,488

Share issue costs - (168,939) (57,884) (1,525,478)

Issuance of

convertible
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SOURCE SemBioSys Genetics Inc.
Copyright©2008 PR Newswire.
All rights reserved

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