VANCOUVER, BRITISH COLUMBIA--(Marketwire - January 29, 2008) - Pyng Medical Corp. (TSX VENTURE: PYT) today released its unaudited first quarter fiscal 2008 results for the period ending December 31, 2007. First quarter revenues of $1,311,207 exceeded the prior year period by $343,751 or 36%. Net income for the period was $57,119 compared to $149,834 in the prior year, with $75,524 of this difference due to the change in the US:Canadian dollar exchange rate.