MonoGen Inc. Announces Financial Results for the Year Ended December 31, 2006

MonoGen, Inc., formerly Oxbow Equities Corp., (“Corporation”) (TSX:MOG) today announced the results of its audited consolidated financial statements for the year ended December 31, 2006. The complete financial statements, including management’s discussion and analysis (“MD&A”) of the results will be filed with SEDAR (www.sedar.com). A selection of financial information, derived from the Corporation’s audited consolidated financial statements for the years ended December 31, 2006 and 2005 are presented below. All amounts are reported in United States dollars.

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