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Neovasc Inc. Reports Second Quarter 2009 Financial Results
Date:8/19/2009

------------------------------------------------------------------------- 1,962,399 (9,920) 1,958,923 (16,418) ------------------------------------------------------------------------- (DECREASE)/INCREASE IN CASH 367,961 (1,544,412) (1,157,968) (3,357,903) CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 972,510 1,428,913 2,498,439 3,242,404 ------------------------------------------------------------------------- END OF PERIOD $ 1,340,471 $ (115,499) $ 1,340,471 $ (115,499) ------------------------------------------------------------------------- ------------------------------------------------------------------------- REPRESENTED BY: Cash 538,006 (234,346) 538,006 (234,346) Cashable guaranteed investment certificates 802,465 118,847 802,465 118,847 ------------------------------------------------------------------------- $ 1,340,471 $ (115,499) $ 1,340,471 $ (115,499) ------------------------------------------------------------------------- ------------------------------------------------------------------------- SUPPLEMENTAL CASH FLOW INFORMATION Interest paid $ 2,276 $ 5,021 $ 5,529 $ 12,535 ------------------------------------------------------------------------- -------------------------------------------------------------------------

About Neovasc Inc.

Neovasc Inc. is a new specialty vascular device company that develops, manufactures and markets medical devices for the rapidly growing vascular and surgical marketplace. The company's current products include the Neovasc Reducer(TM), a novel product in development to treat refractory angina, as well as a line of advan
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SOURCE Neovasc Inc.
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