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Encorium Reports Fourth Quarter and Full Year 2008 Financial Results
Date:4/27/2009

d earnings on uncompleted contracts 3,307,347 3,329,869 Customer advances 5,297,000 3,244,834 Total Current Liabilities 15,511,760 11,984,375 Long Term Liabilities Obligations under capital leases 189,680 117,723 Deferred taxes 897,204 876,308 Other liabilities 316,516 446,253 Total Long Term Liabilities 1,403,400 1,440,284 Total Liabilities 16,915,160 13,424,659 Stockholders' Equity Common stock, $.001 par value 35,000,000 shares authorized, 20,834,004 shares issued and outstanding 20,834 20,834 Additional paid-in capital 32,417,250 32,154,227 Additional paid-in capital warrants 905,699 905,699 Accumulated deficit (29,737,430) (8,663,954) Accumulated other comprehensive income 1,298,109 387,054 Less: 4,904,462 24,803,860 Treasury stock, at cost, 230,864 shares (726,689) (698,224) Total Stockholders' Equity 4,177,773 24,105,636 Total Liabilities and Stockholders' Equity $21,092,933 $37,530,295 See accompanying notes to the consolidated financial statements.


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