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SXC Health Solutions announces second quarter financial results
Date:8/7/2008

new">http://www.sec.gov. Investors are cautioned not to put undue reliance on forward-looking statements. All subsequent written and oral forward-looking statements attributable to SXC or persons acting on our behalf are expressly qualified in their entirety by this notice. We disclaim any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or otherwise.

Certain of the assumptions made in preparing forward-looking information and management's expectations include: maintenance of our existing customers and contracts, our ability to market our products successfully to anticipated customers, the impact of increasing competition, the growth of prescription drug utilization rates at predicted levels, the retention of our key personnel, our customers continuing to process transactions at historical levels, that our systems will not be interrupted for any significant period of time, that our products will perform free of major errors, our ability to obtain financing on acceptable terms and that there will be no significant changes in the regulation of our business.

SXC HEALTH SOLUTIONS CORP.

Consolidated Balance Sheets

(in thousands of U.S. dollars except share data)

(unaudited)

June 30, December 31,

2008 2007

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

ASSETS

Current assets

Cash and cash equivalents $ 50,055 $ 90,929

Restricted cash 17,455 -

Accounts receivable, net of allowance for

doubtful accounts of $3,537 (December 31,

2007 - $605)
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SOURCE SXC Health Solutions Inc.
Copyright©2008 PR Newswire.
All rights reserved

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