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Champions Biotechnology, Inc. Reports Two Cents per Share Earnings for Three Quarters Ended January 31, 2008
Date:3/6/2008

ARLINGTON, Va., March 6 /PRNewswire-FirstCall/ -- Champions Biotechnology, Inc. (OTC Bulletin Board: CSBR), a development stage biotechnology company, announced today its third quarter financial results. Full details of the Company's financial results are available in the Company's Form 10-QSB at http://www.sec.gov

For the three months ended January 31, 2008 the Company reported net income of $611,006 and earnings per share of $0.02 compared to a net loss of $37,198 and loss of $0.00 per share for the comparable period one year ago. For the nine months ended January 31, 2008, the Company reported net income of $474,011 and earnings per share of $0.02 compared to a net loss of $74,086 and loss of $0.00 per share for the comparable period one year ago. In the nine months period that ended January 31, 2008, the Company began its operations as a biotechnology company while in the nine months ended January 31, 2007, it had no biotechnology operations.

The Company's total operating revenues were $924,940 for the three months ended January 31, 2008 and $1,174,940 for the nine months ended January 31, 2008. The Company generated revenues for the nine months ended January 31, 2008 providing oncology services. For the three months ended January 31, 2007 and for the nine months ended January 31, 2007 the Company generated no revenues.

For the three months ended January 31, 2008, expenses were $319,998 compared to $37,198 for the comparable period one year ago. For the nine months ended January 31, 2008, expenses were $716,986 compared to $74,086 for the comparable period one year ago. The increased expenses for the three and nine months ended January 31, 2008 represented the Company moving forward in executing its new business plan of building a biotechnology company.

"I am greatly encouraged by the Company's revenue growth in our first year of operations. This performance helps build a solid fou
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SOURCE Champions Biotechnology, Inc.
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