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Encorium Reports First Quarter 2009 Financial Results

xpenses 8,931,144 10,763,849 Loss from Operations (199,553) (2,174,213) Interest Income 10,919 54,573 Interest Expense (14,524) (3,103) Net Interest (Expense) Income (3,605) 51,470 Net Loss before Income Taxes (203,158) (2,122,743) Income Tax Benefit (7,938) (115,363) Net Loss $(195,220) $(2,007,380) Net Loss per Common Share Basic $ (0.01) $ (0.10) Diluted $ (0.01) $ (0.10) Weighted Average Common and Common Equivalent Shares Outstanding Basic 20,523,883 20,603,140 Diluted 20,523,883 20,603,140

                                 ENCORIUM GROUP, INC.

                                                March 31,       December 31,
                                                  2009              2008
    Current Assets
       Cash and cash equivalents              $ 2,322,266       $ 5,705,818
       Investigator advances                    1,239,963         1,088,768
       Accounts receivable, less
        allowance of $97,000 for
        March 31, 2009 and
        December 31, 2008, respectively         4,251,154         4,624,161
       Prepaid expenses and other                 984,239         1,206,088
       Prepaid taxes                               50,203            28,290
       Costs and estimated earnings
        in excess of related billings
        on uncompleted contract
SOURCE Encorium Group, Inc.
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