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QMed, Inc. Reports Year-End and Fourth Quarter Results
Date:3/26/2008

535,810 1,803,804

Prepaid professional fees 228,000 10,000

Prepaid expenses and other current

assets 189,654 231,322

Assets related to discontinued

operations 6,126,492 4,156,805

8,275,986 17,062,717

Property and equipment, net 717,229 939,988

Product software development costs,

net 1,769,931 2,052,132

Acquired intangibles, net 421,224 587,027

Other assets 137,190 146,202

Investment in joint ventures - 23,703

$11,321,560 $20,811,769

Liabilities and Stockholders' Equity

Current liabilities

Accounts payable and accrued

liabilities $1,607,840 $2,053,533

Leases payable, current portion 41,116 65,881

Accrued salaries and commissions 245,888 388,002

Fees reimbursable to health plans 12,900 47,005

Contract billings in excess of

revenues 197,380 1,396,423

Income taxes payable 12,786 -

Liabilities related to discontinued

operations 3,952,421 1,214,766

6,070,331 5,165,610

Leases payable, long term 49,134 11,645

Accrued severance payable, long term 309,258 619,643

6,428,723 5,796,898

Commitments and contingencies

Stockholders' equity

Common stock, $.001 par value,

40,000,000 shares authorized,

17,042,959 and 16,858,539 shares

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SOURCE QMed, Inc.
Copyright©2008 PR Newswire.
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