NEWPORT BEACH, CA--(Marketwire - September 02, 2008) - Biomerica, Inc. (OTCBB: BMRA), a global provider of advanced diagnostic products for the early detection of medical conditions, today reported net income (including stock options expenses) of $1,710,044 for the fiscal year 2008 ended May 31, 2008, compared to net income of $536,879 in fiscal 2007. This represents an increase of $1,173,165 or approximately 218%. Basic earnings per share were $0.28 for fiscal 2008 as compared to $0.09 per share for fiscal 2007.