TORONTO, CANADA (May 16, 2007): GeneNews Limited (TSX: GEN) a company developing convenient, blood-based tests for accurate, early detection, diagnosis and monitoring of diseases, today reported its financial results for the first quarter, ended March 31, 2007. Total revenue for the quarter ended March 31, 2007 was $1.7 million compared to $0.9 million for the same period last fiscal year.