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

debenture 4,000,000 - 4,000,000 -

Exercise of stock

options - 10,000 31,750 14,500

Repayment of

long-term debt (158,038) (191,843) (310,584) (375,812)

Proceeds from

long-term debt - - 634,900 -

Repayment of

repayable advances - - - (85,640)

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

Cash provided by

(used in) financing

activities 3,841,962 (350,782) 4,298,182 13,932,058

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

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

Investing activities

Proceeds on sale of

property and

equipment - 6,000 - 6,000

Acquisition of

property and

equipment (478,806) (1,973,020) (1,023,650) (2,417,836)

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

Cash used in

investing activities (478,806) (1,967,020) (1,023,650) (2,411,836)

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

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

Increase (decrease)

in cash and cash

equivalents (2,182,855) (5,928,153) (6,342,090) 6,549,325

Cash and cash

equivalents -

Beginning of period 16,284,778 28,805,937 20,444,013 16,328,459

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

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

Cash and cash

equivalents - End

of period 14,101,923 22,877,784 14,101,923 22,877,784


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SOURCE SemBioSys Genetics Inc.
Copyright©2008 PR Newswire.
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