SOURCE: Serebra Learning Corporation

November 22, 2007 09:00 ET

Serebra Reports Results for Second Quarter of Fiscal 2008

VANCOUVER, BC--(Marketwire - November 22, 2007) - Serebra Learning Corporation (TSX-V: SLC), a leading e-learning provider, today reported its results for the second quarter of fiscal 2008, which ended September 2007.

Key Second Quarter Financial Highlights:

* Revenue of $221,340

* Royalties, selling and support of $205,287

* General and administrative expenses including amortization of $341,887

* Loss of $325,834

Commenting on the results from Dubai in the United Arab Emirates, Ted Moorhouse, Serebra's chairman and CEO, said, "Our results this quarter reflect the evolution of our business towards becoming a growth-oriented Internet application provider. We launched Serebra Connect just three weeks ago, and are now in the early phase of proving the significance and promise of our technology."

Moorhouse further commented, "Over the course of the past 11 quarters, we have seen dramatic swings in both revenue and profitability in relation to EasyLearning -- the dominant element of our overall business. This current quarter certainly demonstrates that effect. Serebra Connect has been designed to solve that volatility by delivering revenue whenever buyers and sellers complete tasks through the application."


Ted Moorhouse
Chairman & CEO

About Serebra Learning Corporation

Serebra Learning Corporation has a 21-year track record using the latest technology to deliver innovative personal and professional development courses to individuals and companies worldwide. Through EasyLearning (, Serebra helps people in developing nations gain valuable skills and qualifications. Through Serebra Connect (, Serebra provides EasyLearning students, and other qualified individuals, with access to jobs. Shop Serebra Connect ( lets Serebra Connect users upgrade their skills and accredit their existing education. For more information about Serebra, visit or call 800 567-7766.

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

Contact Information

  • For further information, or to schedule interviews, please contact:

    Ted Moorhouse
    Chairman & CEO
    Serebra Learning Corporation

    Telephone: 604-676-5480
    Facsimile: 604-676-5490
    Toll Free: 1-800-567-7766
    Email: Email Contact

    Serebra Learning Corporation
    Suite 600 - 1188 West Georgia Street
    Vancouver, BC Canada V6E 4A2
    T 604 676.5480
    F 604 676.5490
    Toll Free 1 800 567.7766