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Senesco Technologies Reports Second Quarter Fiscal 2009 Financial Results
Date:2/18/2009

,254 Total Operating Expenses 1,228,342 978,105 Loss From Operations (1,228,342) (971,855) Sale of state income tax loss, net -- -- Other noncash income -- -- Interest income, net 17,994 25,227 Amortization of debt discount and financing costs (106,342) (38,374) Interest expense on convertible notes (307,651) (64,836) Net Loss $(1,624,341) $(1,049,838) Basic and Diluted Net Loss Per Common Share $(0.09) $(0.06) Basic and Diluted Weighted Average Number of Common Shares Outstanding 18,629,575 17,474,870

                                                               From Inception
                                   For the Six    For the Six    on July 1,
                                   Months Ended   Months Ended  1998 through
                                   December 31,   December 31,  December 31,
                                       2008          2007           2008

    Revenue                          $200,000      $377,500     $1,375,000

    Operating Expenses:

      General and administrative    1,178,921       974,910     22,904,377
      Research and development      1,083,672       745,149     11,041,267
    Total Operating Expenses        2,262,593     1,720,059     33,945,644

    Loss From Operations           (2,062,593)   (1,342,559)   (32,570,644)

    Sale of state income tax
     loss, net                             --            --        586,442
    Other noncash income                   --            --        321,259
    Interest income, net               41,051        32,106        521,288
    Amortization of debt
     discount and financing costs    (212,397)     
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SOURCE Senesco Technologies, Inc.
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