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CRH Medical reports Q1 2008 results
Date:5/29/2008

- Revenues increase 166% versus Q1 2007

- Six new Centers opened to date in 2008

VANCOUVER, May 29 /PRNewswire-FirstCall/ - CRH Medical Corporation (CRM:TSX-V) announced today that it recorded revenues of $1.35 million for the three months ended March 31, 2008 compared to $0.50 million for the three months ended March 31, 2007, an increase of 166%. The Company's net loss decreased to $0.96 million ($0.02 per share) for the three months ended March 31, 2008 compared to $1.18 million ($0.03 per share) for the same period in 2007. Additionally the Company announced that as of March 31, 2008 it had approximately $3.7 million in working capital compared to $4.4 million at December 31, 2007.

The Company also announced that for the three months ended March 31, 2008, it had 5,200 patient visits at its Centers for Colorectal Health compared to 1,937 patient visits for the same period in 2007.

Commenting on the March 31, 2008 results, Edward Wright, Chief Executive Officer stated, "We are executing on our plan to aggressively expand the number of Centers as evidenced by the six new Centers opened to date in 2008. We are also training a significant number of physicians through our Partnership Program which we expect to positively impact revenues in future quarters."

Summary of interim results (expressed in United States dollars):

Consolidated Balance Sheet

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March 31, December 31,

2008 2007

Current assets:

Cash and cash equivalents $ 2,900,876 $ 3,531,818

Accounts receivable 1,130,730 975,290

Inventory 49,150 30,716

Prepaid expenses and deposits
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SOURCE CRH Medical Corporation
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