LAKE FOREST, CA--(Marketwire - May 15, 2008) - TRIMEDYNE, INC. (OTCBB: TMED) today reported a net loss of $292,000 or ($0.02) per share for the quarter ended March 31, 2008. At March 31, 2008, Trimedyne had $2,573,000 of cash and equivalents, receivables of $721,000, other current assets of $250,000 and inventories of $3,064,000, versus accounts payable of $345,000, accrued expenses of $442,000 and equipment lease debt of $368,000.
