Diagnos Inc.

Diagnos Inc.

November 11, 2008 13:36 ET

DIAGNOS: 2009 Second Quarter Financial Results

BROSSARD, QUEBEC--(Marketwire - Nov. 11, 2008) - DIAGNOS inc. ("DIAGNOS" or "the Corporation") (TSX VENTURE:ADK), a leader in the use of artificial intelligence and advanced knowledge extraction techniques, announced today that it has published its 2009 second quarterly report for the three-month period ended September 30, 2008.

DIAGNOS ended the second quarter of fiscal year 2009 with a net income of C$8,888 compared to a net income of C$36,744 for the second quarter of fiscal year 2008 ended September 30, 2007.

Revenue amounted to a quarterly level record of C$1,021,865, an increase of C$642,144 over the revenue amount of C$379,721 for the quarter ended September 30, 2007. This increase of C$642,144 is mainly due to revenue derived from project management services in the amount of C$450,169 and an increase of C$158,639 in revenue derived from data mining services.

As at September 30, 2008, the Corporation has close to C$2,756,000 in cash and short term investments and does not anticipate a liquidity shortfall in the near term.

The Corporation's objective is to develop a royalty stream by significantly enhancing and participating in the success rate of natural resources companies. As at September 30, 2008, DIAGNOS has a portfolio of 22 economic discovery royalty agreements.

DIAGNOS can count on a multidisciplinary team that includes professionals in geophysics, geology, artificial intelligence, mathematics, information technology, as well as remote sensing and image interpretation.

For further information, please visit our website at www.diagnos.com or the SEDAR website at www.sedar.com.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

Contact Information

  • DIAGNOS inc.
    Andre Larente
    Chairman and CEO
    1-877-678-8882 or 450-678-8882, ext. 224