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

(53,595) (881,160) Interest expense on convertible notes (571,808) (67,836) (1,005,962) Net Loss $(2,805,747) $(1,431,884) $(33,028,777) Basic and Diluted Net Loss Per Common Share $(0.15) $(0.08) Basic and Diluted Weighted Average Number of Common Shares Outstanding 18,504,477 17,474,282

                        SENESCO TECHNOLOGIES, INC. AND SUBSIDIARY
                               (A DEVELOPMENT STAGE COMPANY)
                           CONDENSED CONSOLIDATED BALANCE SHEETS

                                                    December 31,    June 30,
                                                        2008          2008
                                                    (unaudited)
                         ASSETS

    CURRENT ASSETS:
    Cash and cash equivalents                        $1,115,788    $5,676,985
    Short-term investments                            2,500,000       500,000
    Prepaid expenses and other current assets           828,919       180,556
       Total Current Assets                           4,444,707     6,357,541

    Property and equipment, net                           3,893         5,459
    Intangibles, net                                  3,515,565     3,213,543
    Deferred financing costs                            847,385     1,059,230
    Security deposit                                      7,187         7,187
       TOTAL ASSETS                                  $8,818,737   $10,642,960

          LIABILITIES AND STOCKHOLDERS' EQUITY

    CURRENT LIABILITIES:
    Accounts payable                                   $468,280      $370,167
    Accrued expenses                                    413,684       314,267
           Total Current Liabilities                    881,964       684,434

    Convertible note, net of discount        
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SOURCE Senesco Technologies, Inc.
Copyright©2009 PR Newswire.
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