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PreMD Reports First Quarter Results
Date:5/15/2008

TAINTY

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 $1,682,729 for the

three months ended March 31, 2008, has a shareholders' deficiency of

$5,055,125 as at March 31, 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 necessary for the Company to

raise additional funds for the continuing development and marketing

of its technologies. These consolidated financial statements do not

include any adjustments and classifications to the carrying values of

assets and liabilities that may be required should the Company be

unable to continue as a going concern.


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SOURCE PreMD Inc.
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