VANCOUVER, BRITISH COLUMBIA--(Marketwire - December 01, 2008) - Pyng Medical Corp. (TSX VENTURE: PYT) today released its audited fiscal 2008 results for the year ended September 30, 2008. Pyng reported record sales of $6,549,588, a 36% increase in sales over fiscal 2007, with net income before tax of $858,525 and after tax of $309,525. During the fourth quarter, the Company's revenue from product sales increased 56% to $2,168,645, compared with $1,386,529 during the corresponding period of 2007.