Tarquin Group Inc.
TSX VENTURE : TQN

Tarquin Group Inc.

November 28, 2007 09:00 ET

Tarquin Group Announces Second Quarter 2008 Financial Results

OTTAWA, ONTARIO--(Marketwire - Nov. 28, 2007) - Tarquin Group Inc. (TSX VENTURE:TQN), a diversified industrial technology company, today announced results for its second quarter of fiscal year 2008, ended September 30, 2007. All figures presented are calculated in accordance with generally accepted accounting principles (GAAP) in Canada and presented in Canadian dollars.

Revenue for the quarter was $2,080,482, compared to $579,820 in the same quarter for 2007. Net loss for the quarter was $1,038,937 or a basic and diluted loss per share of $0.057. The net loss for the same quarter in fiscal 2007 was $251,851 or a basic and diluted loss per share of $0.039.

The loss before interest, taxes, depreciation and amortization (EBITDA) in the second quarter of 2008 was $577,058, as compared to a loss before interest, taxes, depreciation and amortization of $138,207 in Q1 2007.

Revenue for the six months ended September 30, 2007 was $3,985,615, compared to $1,045,112 in the same period for 2007. Net loss for the period was $1,387,004 or a basic and diluted loss per share of $0.077. The net loss for the same period in fiscal 2007 was $418,967 or a basic and diluted loss per share of $0.064.

The loss before interest, taxes, depreciation and amortization (EBITDA) for the six months ended September 30, 2007 was $639,385, as compared to a loss before interest, taxes, depreciation and amortization of $282,144 in the same period for fiscal 2007.

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

"The growth in revenue for this fiscal year is the result of our corporate strategy of acquisitions. The strong management teams in the subsidiaries are committed to continued increases in revenue and improving operating results," said Tarquin Group CEO Don Gibbs. "We expect to see a stronger second half to this fiscal year despite the strength of the Canadian dollar and reduced research and development tax credits because we are now a public company."

Tarquin also provided an update on its previously announced intention to seek private placement funding. While Tarquin continues to seek funding in support of its business model, under the policies of the TSX Venture Exchange the initial filings made with the Exchange in respect of Tarquin's intention to look for private placement funding expired effective November 19, 2007. Exchange policy requires that Tarquin announce the expiry of these filings although the expiry does not have a material effect on Tarquin or its ability to continue seeking funding. Tarquin intends to re-file certain documentation with the Exchange which will be necessary in order to proceed with any placement.

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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