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EpiCept Corporation Reports Third Quarter 2007 Operating and Financial Results
Date:11/4/2007

poration and Subsidiaries

(Unaudited)

Selected Consolidated Statement of Stockholders Deficit Data

(in $000s)

Nine Months Ended

September 30, September 30,

2007 2006

Opening balance for period $(9,373) $(60,122)

Net loss for the period (22,424) (60,451)

Stock-based compensation expense 1,794 3,595

Foreign currency translation adjustment (507) (276)

Share, option and warrant issuance 9,199 54,688

Exercise of options and warrants 592 1,175

Reclassification of warrants from liability

to equity, net 142 -

Accretion of preferred stock dividends - (13)

Beneficial conversion features - 4,362

Share issuance in connection with Maxim

acquisition - 41,388

Closing balance for period $(20,577) $15,654)

*Azixa is a registered trademark of Myriad Genetics, Inc.

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SOURCE EpiCept Corporation
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