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SHH Sonomax Technologies

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Share Name Share Symbol Market Type
Sonomax Technologies TSXV:SHH TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Sonomax Announces First Quarter Results

30/05/2008 11:52pm

Marketwired Canada


Sonomax Hearing Healthcare Inc. (TSX VENTURE:SHH) today published its financial
results for the first quarter ended March 31, 2008. The company reported net
revenues of $230,946 and a net loss of $1,881,633 ($0.01) per share for the
quarter.


Full results may be found at www.sedar.com

Said Dan Casey, Sonomax's new Chief Executive Officer, "The Q1 numbers were in
line with expectations as communicated in our monthly conference call which was
held on May 21, 2008 and recapitulated in a press release on May 28th. In the
course of the call I reported that the numbers for the first half of the year
would be soft until Sonomax's new way of doing business, conversion from a POP
to a POS business model, plays out, and we clear up inventory in the channel".
Mr. Casey went on to say that a meaningful contributor to stronger numbers in
the second half of the year will be the resolution of the issue of Aearo
Technologies' disappointing sales performance to-date. "It is our plan to
resolve this issue in the coming weeks; we expect to have a great deal to report
to shareholders on the resolution of this problem at this year's Annual General
Meeting, scheduled to be held on June 26th at 10:00AM at the Sheraton Center in
Montreal, 1201, boul. Rene-Levesque West. I will also take the opportunity
during this meeting to present my long term game plan for the company. We
encourage shareholders to be present."


About Sonomax

Sonomax Hearing Healthcare Inc. is a leader in the development and manufacturing
of intra-ear technologies. The company's patented custom-fit, instant-fit
expansion earpieces deliver a perfect acoustic seal every time and can be
certified by SonoPass(R), the company's proprietary, computer generated
proof-of-performance software. Building on its technology leadership in hearing
protection, Sonomax has expanded the applications for its technologies into high
growth consumer markets such as MP3 audio, multi-media and gaming earphones, as
well as Bluetooth(TM) headsets for telephony, through its subsidiary VitaSound
Audio Inc.


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.


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