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PreMD Reports Fiscal 2007 Results
Date:3/28/2008

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Cash used in operating activities (5,671,673) (5,078,588) (5,308,035)

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INVESTING ACTIVITIES

Short-term investments 2,218,115 4,589,356 (3,065,568)

Purchase of trademark - (150,000) -

Purchase of capital assets (11,868) (24,965) (130,310)

Proceeds from sale of capital

assets 1,435 3,000 -

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Cash provided by (used in)

investing activities 2,207,682 4,417,391 (3,195,878)

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FINANCING ACTIVITIES

Issuance of convertible

debentures - - 9,827,616

Financing fees - (51,399) (861,328)

Issuance of capital stock, net of

issue costs 3,683,804 - 198,400

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Cash provided by (used in)

financing activities 3,683,804 (51,399) 9,164,688

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Effect of exchange rate changes

on cash and cash equivalents (50,190) 51,974 (127,034)

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Net increase (decrease) in cash

and cash equivalents during the

year 169,623 (660,622) 533,741

Cash and cash equivalents,

beginning of year 112,577 773,199 239,458

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SOURCE PreMD Inc.
Copyright©2008 PR Newswire.
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