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Spherix Announces 2008 Financial Results
Date:3/30/2009

of $4.1 million from working capital at December 31, 2007. A $6.2 million pre-tax loss from continuing operations was partly offset by the $2 million pre-tax gain realized in November 2008 upon the receipt of the escrow balance from the 2007 sale of InfoSpherix.

Recently Published Paper

A paper co-authored by Spherix's President, Dr. Robert A. Lodder, titled "Effect of Diets Containing Sucrose vs. D-tagatose in Hypercholesterolemic Mice," was recently published in the journal Obesity. This paper provides details of a study performed at the University of Kentucky to compare the effect of dietary carbohydrate in the form of sucrose (table sugar) to D-tagatose (Naturlose) in mice genetically engineered with a predisposition to high cholesterol. The results of this study showed that mice fed sucrose became obese, hyperglycemic; and hyperlipidemic; and atherosclerosis was increased in these mice as well. Equivalent substitution of D-tagatose did not result in the same extent of these conditions and showed that D-tagatose did not promote substantial weight gain. The fat cells in tagatose-fed mice were smaller than those in the sucrose-fed mice, and were approximately the same size as the fat cells in the control mice. The results further suggested that, in addition to minimizing the extent of atherosclerosis, a diet enriched in D-tagatose may favor a more stable, less vulnerable plaque phenotype, a plaque that is less like to rupture.

Webcast Info

Earnings Call: April 2, 2009 10:00 AM ET

AudioPlus: This event is being webcast without slides.

Webcast Link: Click here for link

Dial-in information will be issued in an upcoming Advisory Release.

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