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

> activities (926,156) (1,264,248) (1,866,355) (3,442,403)

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INVESTING ACTIVITIES

Short-term investments 45,780 291,768 491,152 2,109,459

Proceeds from sale of

capital assets - 562 - 1,435

Purchase of capital

assets - (484) (9,161) (2,233)

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Cash provided by

investing activities 45,780 291,846 481,991 2,108,861

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FINANCING ACTIVITIES

Issuance of debentures,

net of issue costs (15,978) - 1,137,534 -

Issuance of capital

stock, net of issue

costs - (49,764) - 3,729,957

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Cash provided by (used

in) financing

activities (15,978) (49,764) 1,137,534 3,729,957

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Effect of exchange

rate changes on cash

and cash equivalents (6,001) 3,870 8,901 6,646

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Net increase (decrease)

in cash and cash

equivalents during

the period (902,355) (1,018,296) (255,731) 2,402,861

Cash and cash

equivalents

Beginning of period 928,824 3,533,734 282,200 112,577

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End of period 26,469 2,515,438 26,469 2,515,438

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

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