Serebra Reports Results for Second Quarter of Fiscal 2008
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
·American Home Improvement Comp
·Trico Marine Services to Prese
·Trico Marine Services Appoints
·IBM POWER6 Outscores HP in Key
·MacDonald Mines Exploration Lt
·Magnus International Resources
·Smith & Nephew Plc announc
·NetDocuments(R) Technology Nam
·CDHA Congratulates Ontario Den
·Timberland Bancorp to Present
·Genoil Inc. Announces Grant of
·Signature Client Update
·Disability Awareness Night at
·Kicking For Kids Who Can't to
·Hull & Company, Inc. Annou
·Ulticom Schedules Call to Disc
·Precision Tees, Inc. Announces
·Carlaw Capital Corp. Announces
·Delphi Answers Global Refriger
·Logibec Groupe Informatique Lt
·Rockcliff Acquires Strategic V
·Best Holiday Gifts Are Online
·Houston Lake Completes $255,01
·Strategic Energy Fund (TSX: SE
·AirIQ Announces Consolidation
·Active Biotech's Election Comm
·Big Rock Brewery Income Trust
·Vision POS Commits to Supporti
·Scrubs & Beyond Focuses on
·Properties Near December 7th D
·NTG Clarity Networks Inc. Anno
·The Rosen Law Firm Files Secur
·Bank of Salem Shareholders App
·Constellation Software Inc. Re
·Teen Triplets Launch 'Polar Be
·PrimeWest Energy Trust Announc
·NovAtel Inc.: Clearance From G
·/ CORRECTION - Increase Deposi
