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Spectral announces 2008 financial results
Date:3/12/2009

er the symbol SDI.

Forward-looking statement

Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information, particularly in respect of the future outlook of Spectral and anticipated events or results, are assumptions based on beliefs of Spectral's senior management as well as information currently available to it. While these assumptions were considered reasonable by Spectral at the time of preparation, they may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Spectral to take advantage of business opportunities in the biomedical industry, the granting of necessary approvals by regulatory authorities as well as general economic, market and business conditions, and could differ materially from what is currently expected.

    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this statement.


    Spectral Diagnostics Inc.
    Balance Sheets
    As at December 31, 2008 and 2007

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

    (in thousands of dollars)

                                                              2008      2007
                                                                 $         $
    Assets

    Current assets
    Cash                                                       297       638
    Short-term investments                                   4,000     4,289
    Accounts receivable                                        860       677
    Inventories                                                203       249
    Prepaid expenses           
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SOURCE Spectral Diagnostics Inc.
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