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ARIUS announces second quarter fiscal 2008 financial results
Date:7/11/2008

473,080 387,674

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9,801,876 13,478,355

Facilities and equipment, net 1,763,960 1,889,921

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11,565,836 15,368,276

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Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable and accrued liabilities 2,060,753 2,034,972

Accrued loss on embedded foreign exchange

derivative 129,930 296,064

Current portion of leasehold inducements 41,484 41,484

Current portion of capital lease obligation 15,304 25,710

Current portion of deferred revenue 1,746,767 1,991,413

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3,994,238 4,389,643

Leasehold inducements 214,548 235,291

Capital lease obligation - 2,224

Deferred revenue 1,752,104 1,758,898

Shareholders' equity:

Share capital:

Common shares 31,084,346 28,644,454

Warrants 10,325,740 9,603,644

Compensation warrants - 912,377

Contributed surplus 3,129,511 2,355,378

Deficit (38,934,651) (32,533,633)

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SOURCE ARIUS Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

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