Tarquin Group Inc.
TSX VENTURE : TQN

Tarquin Group Inc.

August 30, 2007 10:05 ET

Tarquin Group Announces First Quarter 2008 Financial Results

OTTAWA, ONTARIO--(Marketwire - Aug. 30, 2007) - Tarquin Group Inc. (TSX VENTURE:TQN), a diversified industrial technology company, today announced results for its first quarter of fiscal year 2008, ended June 30, 2007. All figures presented are calculated in accordance with generally accepted accounting principles (GAAP) in Canada and are in Canadian dollars.

Revenue for the quarter was $1,905,133, compared to $465,292 in the same quarter for 2007. Net loss for the quarter was $348,067 or a basic and diluted loss per share of $0.020. The net loss for the same quarter in fiscal 2007 was $167,116 or a basic and diluted loss per share of $0.013.

The loss before interest, taxes, depreciation and amortization (EBITDA) in the first quarter of 2008 was $45,308, as compared to a loss before interest, taxes, depreciation and amortization of $142,180 in Q1 2007.

These results report three months of operation for Process Photonics Inc. and the period of May 22, 2007 to June 30, 2007 for Dipix Technologies Inc., both subsidiaries of Tarquin Group. The comparable results are for three months of Process Photonics Inc.

"The operating results for the first quarter of 2008 show the effects of Tarquin's strategy of aggressive acquisitions coupled with organic growth in existing subsidiaries," said Tarquin Group CEO Don Gibbs. "The next quarter's results will be from organic growth and a full three months of Dipix performance."

About Tarquin Group

Tarquin Group Inc. (TSX VENTURE:TQN) is a diversified industrial technology company providing solutions to the global manufacturing market. Acting strategically in desirable niche markets worldwide, Tarquin's structure and processes ensure superior product solutions for customers while driving profitable growth for all its stakeholders. Tarquin's member and target companies are niche market leaders in the fields of laser applications and test, measure and control solutions for manufacturing. For more information visit: www.tarquingroup.com.

Forward Looking Statements

This news release contains forward-looking information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof and Tarquin Group Inc. does not assume any obligation to update or revise them to reflect new events or circumstances.

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

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