Sonomax Hearing Healthcare Inc.
TSX VENTURE : SHH

Sonomax Hearing Healthcare Inc.

April 30, 2008 07:00 ET

Sonomax Reports Annual 2007 Results

Investor Conference Call Scheduled for April 30th, 2008 at 10am

MONTREAL, QUEBEC--(Marketwire - April 30, 2008) - Sonomax Hearing Healthcare, Inc. ("Sonomax" or the "Company") (TSX Venture:SHH) today disclosed its annual 2007 results.

2007 Highlights

- Gross profit was $800,454 in 2007 compared to negative $682,803 in 2006. Increased net revenue to $2,508,195 compared to $571,611 in 2006.

- Increased its revenue in North America to $1,174,687 compared to $572,503 in 2006.

- Aggressively sold its new generation of hearing protector the SonoCustom® V3, test marketed its first custom earphones for MP3 under the brand "Soundcage".

- Raised $5,900,002 of new equity financing, $3,416,630 by way of exercising of warrants and stock options by holders thereof.

Full financial statements can be found at: www.sedar.com

Conference Call:

An investor conference call has been scheduled for Wednesday, April 30th, 2008 at 10:00 am to give Sonomax investors a comprehensive understanding of the Company and its prospects. Call-in instructions are as follow: interested parties are invited to participate by dialing 1-416-644-3431, or toll free 1-800-591-7539 (North America only).

A live Web cast will be available at: www.sonomax.com

During the preparation of the annual financial statements, the company determined that certain sales transactions that occurred during the nine months ended September 30th, 2007, did not meet all revenue recognition criteria. As a result, the 3rd quarter will be restated resulting in an increase in the net loss of $109,935.

About Sonomax:

Sonomax Hearing Healthcare Inc (TSX Venture:SHH) is a leader in the development and manufacturing of intra-ear technology for hearing protection, hearing enhancement, earphones for music & entertainment and other auditory applications.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Sonomax Hearing Healthcare Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Sonomax Hearing Healthcare Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.

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

Contact Information