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Nuvo announces first quarter 2008 financial results
Date:5/1/2008

(279) 10

Interest expense 303 266

Interest income (184) (133)

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3,423 3,710

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NET LOSS FOR THE period AND

TOTAL COMPREHENSIVE LOSS (2,271) (3,487)

Deficit, beginning of year (189,040) (176,664)

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DEFICIT, END OF PERIOD (191,311) (180,151)

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Average number of basic and diluted common

shares outstanding for the period (millions) 299.5 192.7

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Net loss per common share - basic and diluted $(0.01) $(0.02)

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NUVO RESEARCH INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

Three-months ended

March 31, March 31,

Unaudited 2008 2007

(thousands of Canadian dollars) $ $

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OPERATING ACTIVITIES

Net loss (2,271) (3,487)<
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SOURCE Nuvo Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

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