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PreMD Inc. Reports Third Quarter Results and Appoints New Chief Financial Officer
Date:11/13/2008

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Represented by

Cash 34,918 294,138 34,918 294,138

Cash equivalents - 1,046,472 - 1,046,472

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34,918 1,340,610 34,918 1,340,610

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See accompanying note

NOTE TO CONSOLIDATED FINANCIAL STATEMENTS

(In Canadian dollars unless otherwise noted)

September 30, 2008

Unaudited

1. GOING CONCERN UNCERTAINTY

The Company's consolidated financial statements have been prepared on

a going-concern basis which presumes the realization of assets and

discharge of liabilities in the normal course of business for the

foreseeable future. The Company reported a loss of $4,879,235 for the

nine months ended September 30, 2008, has a shareholders' deficiency

of $7,700,590 as at September 30, 2008 and has experienced

significant operating losses and cash outflows from operations since

its inception. The Company has operating and liquidity concerns due

to its significant net losses and negative cash flows from

operations.

The Company's ability to continue as a going-concern is uncertain and

is dependent upon its ability to raise additional capital to

successfully complete its research and development programs,

commercialize its technologies, obtain regulatory approvals for its

products and ultimately, generate profitable operations and positive

operating cash flows. It is not possible at this time to predict the

outcome of these matters. It will be necess
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SOURCE PreMD Inc.
Copyright©2008 PR Newswire.
All rights reserved

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