Alfacell Reports Financial Results for First Quarter of F... (45-4271 212-845-...)

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Alfacell Reports Financial Results for First Quarter of Fiscal 2008

Date:12/10/2007

45-4271 212-845-4253

David.Schull@russopartnersllc.com Andreas.Marathis@russopartnersllc.com

Wendy.Lau@russopartnersllc.com

ALFACELL CORPORATION

Condensed Statements of Operations

(Unaudited)

Three-Months Ended

October 31

2007 2006

Revenues $- $-

Expenses:

Research and development 1,615,791 1,570,185

General and administrative 1,171,516 926,038

Total expenses 2,787,307 2,496,223

Loss from operations (2,787,307) (2,496,223)

Interest income, net 60,507 123,287

State tax benefit - -

Net loss $(2,726,800) $(2,372,936)

Net loss per common share-basic and diluted $(0.06) $(0.05)

Shares used in computation of net loss per

common share:

Basic and diluted 46,430,000 44,346,000

Balance Sheet Data:

October 31, July 31,

2007 2007

Cash and cash equivalents $5,397,768 $6,968,172

Total assets $6,425,242 $7,820,499

Current l
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SOURCE Alfacell Corporation
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Alfacell Reports Financial Results for First Quarter of F...(45-4271 212-845-...),Health