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CryoCath announces 2007 fourth quarter and fiscal year end financial results
Date:12/17/2007

r information identifying legislative or regulatory, economic, climatic, currency, technological, competitive and other important factors that could cause actual results to differ materially from those anticipated in the forward looking statements, see CryoCath's annual report available at http://www.sedar.com under the heading Risks and Uncertainties in the Management's Discussion and Analysis section. The financial results referred to in the press release and accompanying statements are unaudited and may differ from the final audited numbers.

Balance Sheets (unaudited)

As at September 30 2007 2006

$ $

ASSETS

Current assets

Cash and cash equivalents 9,139,844 9,178,123

Cash subject to restrictions 612,500 -

Short-term investments held-to-maturity 14,894,481 5,616,907

Accounts receivable 7,027,518 8,119,660

Investment tax credits receivable 296,840 502,033

Inventories 7,701,067 7,105,974

Prepaid expenses 1,143,381 1,044,039

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Total current assets 40,815,631 31,566,736

Cash subject to restrictions 700,000 -

Balance of sale receivable 1,563,195 -

Net investments in leases - 5,967

Deferred financing charges - 2,636,636

Consoles at customers' premises 1,475,631 1,858,465

Property, plant, and equipment 2
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SOURCE CryoCath Technologies Inc.
Copyright©2007 PR Newswire.
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