Sonomax Hearing Healthcare Inc.
TSX VENTURE : TSX

Sonomax Hearing Healthcare Inc.

May 30, 2006 18:57 ET

Sonomax Reports First Quarter Results

MONTREAL, QUEBEC--(CCNMatthews - May 30, 2006) - Sonomax Hearing Healthcare Inc. (TSX VENTURE:SHH) "Sonomax" or "The Company" today announced its results for the first quarter ended March 31, 2006. The growth in revenues seen in 2005 continued into the first quarter of 2006, as revenues increased by 26% over revenues from the same quarter in 2005. Revenues for the first quarter of 2006 were $286,631, versus $226,205 for the comparable 2005 quarter.

"Through the first quarter of 2006 Sonomax continued its progression on many fronts, notably on the improvement of our gross margin which increased from 35% for the same quarter last year to 61% this year" commented Mr. Barry Schwartz, Chairman and CEO of Sonomax.

During the quarter, Sonomax incurred significant costs associated with the continued development of its platform products. This will result in a group of products where Sonomax's patented expansion technology will act for a multiplicity of in-the-ear applications, for example, hearing aids and communications devices, to be made available to the public through well established retail channels of distribution.

The net loss for the first quarter of 2006 was $1,271,065 ($0.02 per share), versus a net loss of $1,334,120 ($0.03 per share) for the comparable quarter ended March 31, 2005, an improvement of 4.7%.

About Sonomax Hearing Healthcare Inc:

Sonomax Hearing Healthcare Inc (TSX Venture Exchange: SHH) is a leader in the development and manufacturing of intra-ear technology for hearing protection, hearing enhancement, and other auditory applications. Sonomax created SonoCustom®, a unique expansion earpiece and a highly efficient gatekeeper between sounds and eardrums. Sonomax is actively building a worldwide licensee network, as recently highlighted by signing important partners such as Oilind Safety, a leading safety service supplier in the United States. Sonomax was awarded the prestigious 2005 British Safety Industry Federation Product Innovation Award for its SonoCustom® technology. Furthermore, Sonomax was granted third-party validation for its SonoPass® software by universities, military contractors and government. Sonomax's SonoPlatform™ is the foundation for state-of-the-art hearing aids and digital wireless applications. The company plans to launch SonoPlatform™ later on this year via a new paradigm of quality, affordability, and consumer access.

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