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Haemacure Reports Third Quarter 2007 Results
Date:8/31/2007

>Complete financial statements for the quarter ended July 31, 2007 are available on Haemacure's web site, http://www.haemacure.com, and have been filed on Sedar.

Financial Highlights

(unaudited)

Quarters ended

July 31, July 31,

2007 2006

------------ ------------

Sales $ 31,674 $ 31,409

Gross profit $ 12,943 $ 17,042

Gross margin 41% 54%

Selling and marketing expenses - $ 13,105

General and administrative expenses $ 734,286 $ 522,444

Total expenses $ 869,822 $ 741,205

Net loss $ (856,879) $ (724,163)

Loss per share $ (0.01) $ (0.02)

Weighted average number of shares

outstanding 163,800,917 38,800,917

As at As at

July 31, October 31,

2007 2006

------------ ------------

Cash and cash equivalents $ 4,292,487 $ 78,300

Temporary investment $ 4,007,200 $ 441,000

Total assets $11,726,205 $ 2,696,198

Shareholders' equity $10,138,094 $ 981,381


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SOURCE HAEMACURE CORPORATION
Copyright©2007 PR Newswire.
All rights reserved

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