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Serebra Reports Results for Second Quarter of Fiscal 2008

This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-11-22
VANCOUVER, BC--(MARKET WIRE)--Nov 22, 2007 -- Serebra Learning Corporation (CDNX: - ), aleading e-learning provider, today reported its resultsfor the secondquarter of fiscal 2008, which ended September 2007.

Key Second Quarter Financial Highlights:

* Revenue of $221,340

* Royalties, selling and support of $205,287

* General and administrative expenses including amortizationof $341,887

* Loss of $325,834

Commenting on the results from Dubai in the United ArabEmirates, TedMoorhouse, Serebra's chairman and CEO, said, "Our resultsthis quarterreflect the evolution of our business towards becoming agrowth-orientedInternet application provider. We launched Serebra Connectjust threeweeks ago, and are now in the early phase of proving thesignificance andpromise of our technology."

Moorhouse further commented, "Over the course of the past11 quarters, wehave seen dramatic swings in both revenue and profitabilityin relation toEasyLearning -- the dominant element of our overall business.This currentquarter certainly demonstrates that effect. Serebra Connecthas beendesigned to solve that volatility by delivering revenuewhenever buyers andsellers complete tasks through the application."

 SEREBRA LEARNING CORPORATIONTed MoorhouseChairman & CEO

About Serebra Learning Corporation

Serebra Learning Corporation has a 21-year track recordusing the latesttechnology to deliver innovative personal and professionaldevelopmentcourses to individuals and companies worldwide. ThroughEasyLearning(),Serebra helps people in developing nations gainvaluable skills and qualifications. Through Serebra Connect(),Serebra provides EasyLearning students, and otherqualified individuals, with access to jobs. Shop SerebraConnect()lets Serebra Connect users upgrade theirskills and accredit their existing education. For more informationaboutSerebra, visit or call 800 567-7766.

The TSX Venture Exchange Inc. has not reviewed and doesnot acceptresponsibility for the adequacy or accuracy of this release.

Distributed by Filing Services Canada and retransmittedby Marketwire

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