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XELR8 Holdings Announces Fiscal 2007 Financial Results
Date:3/26/2008

2006

Net revenue $4,853,046 $2,148,420

Cost of goods sold 1,380,663 775,762

Gross profit 3,472,383 1,372,658

Operating expenses:

Selling and marketing expenses 3,180,392 2,626,613

General and administrative expenses 3,107,469 3,275,689

Research and development expenses 17,828 73,921

Depreciation and amortization 58,033 66,333

Total operating expenses 6,363,722 6,042,556

Net (loss) from operations (2,891,339) (4,669,898)

Other income (expense)

Interest income 87,646 34,337

Gain on disposal of asset 1,500 -

Interest (expense) (439,537) (33,888)

Total other income (expense) (350,391) 449

Net (loss) $(3,241,730) $(4,669,449)

Net (loss) per common share

Basic and diluted net (loss) per share $(0.23) $(0.48)

Weighted average common shares

outstanding, basic and diluted 13,951,691 9,714,021

XELR8 HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2007 and 2006

2007 2006

Cash flows from operating activities:

Net income (loss) $(3,241,730) $(4,669,449)

Adjustments to reconcile

Depreciation and amortization 58,033 66,333

(Gain) on sale of equipment (1,500) -

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SOURCE XELR8 Holdings, Inc.
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