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International Isotopes Inc. Announces Third Quarter and Nine Months 2008 Financial Results
Date:11/11/2008

d continued growth of the fluorine products.

Steve T. Laflin, President and CEO of International Isotopes Inc. said, "We believe that continued growth in our current business segments will continue to improve revenue and cash flow for the Company. However, the Company will also continue to invest in development of the fluorine extraction process technology as well as design and licensing of a larger scale uranium de-conversion and fluorine extraction facility. While we expect to generate sufficient cash flows from the existing business segments to meet operational needs during 2008, there is no assurance these cash flows will occur. In addition, we will require additional capital to support ongoing efforts to expand our business to include the envisioned large scale uranium de-conversion processing and fluorine extraction plant. Site studies as well as initial design and licensing activities for that new facility are proceeding on schedule and will continue through the remainder of 2008. Certainly our engineering design and licensing activities will continue into 2009. These efforts are important to the strategic direction the Company is taking to position ourselves as the only major commercial provider of uranium processing and fluorine extraction in the U.S."

International Isotopes Inc.

Three Months Ended Nine Months Ended

Sept. 30 June 30

2007 2008 2007 2008

Sales $1,486,112 $1,245,164 $3,592,049 $4,429,144

Gross Profit $689,849 $597,282 $1,618,879 $2,246,355

Total Operating Expense $970,115 $1,324,266 $2,756,052 $3,647,443

Operating (Loss) ($280,266) ($726,984) ($1,137,173) ($1,401,088)

Other Income (Expense) $3,979 ($12,177) ($9,108) ($50,727)

Net (Loss)
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SOURCE International Isotopes Inc.
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