PHOENIX--(BUSINESS WIRE)--Zila, Inc. (NASDAQ:ZILA) today announced that, based on an unaudited, preliminary assessment, it has achieved positive adjusted EBITDA for its fiscal fourth quarter-ended July 31, 2008. The Company utilizes adjusted EBITDA to determine compliance with a financial covenant in its senior secured convertible notes. The amount is subject to audit adjustments and will be incorporated into the audited financials that are included in the Form 10-K filed with the SEC for the year-ended July 31, 2008.
