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Bioniche Reports Fiscal 2009 Second Quarter
Date:2/6/2009

rom deferred government incentives 102,401 18,701 102,401 49,965 Proceeds from government assistance 143,339 - 776,431 - Payment of financing fees - debt (11,036) - (11,036) - Proceeds from revolving credit facility 8,591,273 8,505,017 16,976,011 13,451,976 Repayment of revolving credit facility (7,146,912) (5,281,835) (13,266,396) (10,380,520) Repayment of capital lease obligations (71,345) (29,164) (130,025) (64,323) Repayment of senior and other long-term debt (137,844) (4,861) (170,989) (9,612) ------------------------------------------------------------------------- Cash provided by financing activities 1,469,876 3,207,858 4,276,397 3,047,486 ------------------------------------------------------------------------- Net increase (decrease) in cash and cash equivalents during the period 1,352,524 (1,364,406) 1,236,184 5,116,350 Cash and cash equivalents, beginning of period 4,282,725 8,004,353 4,399,065 1,523,597 ------------------------------------------------------------------------- Cash and cash equivalents, end of period 5,635,249 6,639,947 5,635,249 6,639,947 ------------------------------------------------------------------------- -------------------------------------------------------------------------


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