MedMira Inc. Announces Second Quarter Results

HALIFAX, March 18 /CNW/ - MedMira Inc., ("MedMira") (TSX Venture: MIR, NASDAQ: MMIRF), a global market leader in premium rapid diagnostic solutions, today announced its financial results for the three and six month periods ending January 31, 2008. Product sales in the second quarter were $721 thousand, compared to $312 thousand in the same quarter last year. The net loss for the quarter was $632 thousand or $0.01 per share compared with a net loss of $1.8 million or $0.03 per share in the same period last year. For the six months ended January 31, 2008 product sales were $854 thousand compared to $907 thousand in the previous year. The net loss for the six month period was $2.1 million or $0.03 per share compared to a loss of $3.2 million or $0.06 per share for the same period last year.