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PreMD Reports Second Quarter Results
Date:8/13/2008

Six months ended

June 30 June 30

------------------------- -------------------------

2008 2007 2008 2007

$ $ $ $

-------------------------------------------------------------------------

OPERATING ACTIVITIES

Net loss and

comprehensive loss for

the period (1,318,003) (1,341,363) (3,000,732) (2,930,558)

Add (deduct) items not

involving cash

Amortization 22,000 41,318 44,363 82,698

Stock compensation

costs included in:

Research and

development

expense 39,500 35,286 77,275 67,383

General and

administration

expense 132,599 123,312 207,614 180,605

Gain on sale of

capital assets - 143 - 143

Imputed interest on

convertible

debentures 369,923 231,228 660,202 479,574

Capitalized interest

on debenture 33,671 - 40,450 -

Interest on

convertible

debentures paid in

common shares 164,948 133,967 332,166 270,911

Add loss (deduct

gain) on foreign

exchange (54,239) (670,888) 226,983 (754,441)

Net change in non-cash

working capital

balances related to

operations (289,885) (182,749) (401,336) 838,718

Decrease in deferred

revenue 26,670 - (53,340) -

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Cash used in operating

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SOURCE PreMD Inc.
Copyright©2008 PR Newswire.
All rights reserved

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