NIR Diagnostics Announces Loan Financing

CAMPBELLVILLE, ON, Aug. 1 /CNW/ - NIR Diagnostics Inc. (the "Company") (TSX Venture: NID), an innovator in the development of handheld healthcare diagnostic devices, today announced that it has completed a loan financing. On July 31, 2008, the Company issued a promissory note ("Loan") in the amount of US$250,000 to Clear Light Ventures, Inc. ("Clear Light"). The Company will use the proceeds of the Loan for continuing research and working capital requirements.