ALERT B&C Corporation announces results for its third quarter ended June 30, 2008



    LAVAL, QC, Aug. 29 /CNW Telbec/ - ALERT B&C Corporation (the
"Corporation") (TSX Venture Exchange: ACB) today issued its consolidated
financial results for the three-month period ended June 30, 2008.
    There were no revenues during the third quarter of fiscal 2008, but the
Corporations' efforts were dedicated to the release of TRAKER(TM) equipments
in the upcoming quarter. General and administrative expenses, research and
development, commercialization and market development costs amounted to
$201,933, $54,115 and $25,950 respectively in the second quarter of fiscal
2008 as compared to $243,867, nil and $31,353 in the same quarter of 2007. For
the nine-month period ended June 30, 2008, these costs amounted to $823,611,
$134,437, $116,242 compared to $561,766, nil and $51,494 for the same period
last year. For both the second quarter and the nine-month period ended June
30, 2008, the major part of these variations were due to the resumption of
activities following the March 2007 financing. These activities include the
hiring of additional employees and consultants for the completion of
instruments and to support the market development of the Corporation's
TRAKER(TM) equipment.
    Net loss for the second quarter of fiscal 2008 was $376,155 ($0.01 per
share) compared to $351,356 ($0.01 per share) for the same period last year.
For the nine-month period ended June 30, 2008, the net loss amounted to
$1,246,502 ($0.03) per share) compared to $804,435 ($0.02 per share) for the
same period last year. On June 30, 2008, the Corporation had cash and cash
equivalents of $83,132 compared to $1,515,314 (inclusive of a guaranteed
investment certificate) at the end of the last fiscal year ended September 30,
2007. In August 2008, the Corporation received and advance in the amount of
$50,000 from a shareholder who is also an officer and director of the
Corporation. The advance is repayable upon completion of an equity financing
and is non-interest bearing.
    As at June 30, 2008 there were 49,603,860 common shares outstanding.

    
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                                Three-month period          Six-month period
                                     ended June 30             ended June 30
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                                 2008         2007         2008         2007
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    Sales                 $         -  $         -  $         -  $         -
    Cost of sales                   -            -            -            -
    -------------------------------------------------------------------------
    Gross profit                    -            -            -            -
    -------------------------------------------------------------------------

    Expenses
      General and
       administrative         201,933      243,867      823,611      561,766
      Production cost               -       56,128      156,564      153,293
      Commercialization
       and market
       development             25,950       31,353      116,242       51,494
      Research and
       development
       (net of tax credits)    54,115            -      134,437            -
      Stock-based
       compensation            82,502       20,508      109,408       22,438
      Amortization of
       property and
       equipment                4,417          681       30,602          681
      Amortization of
       patents                  5,575        8,937       16,725       24,881
      Exchange loss (gain)      1,663            -       (2,678)           -
      Gain on accounts
       payable settlement           -            -      (95,379)           -
      Interest income               -      (10,118)     (43,030)     (10,118)
    -------------------------------------------------------------------------
                              376,155      351,356    1,246,502      804,435
    -------------------------------------------------------------------------

    Net loss and
     comprehensive income    (376,155)    (351,356)  (1,246,502)    (804,435)
    -------------------------------------------------------------------------

    Basic and diluted loss
     per common share           (0.01)       (0.01)       (0.03)       (0.02)
    -------------------------------------------------------------------------

    Weighted average
     common shares
     outstanding
     - basic and diluted   49,603,860   47,957,421   49,603,860   47,957,421
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
    

    About the Corporation

    The Corporation is a BioDefence company dedicated to supplying the
BioDefence market with high quality technologies, products and solutions, in
order to improve and maintain the safety and the security of individuals
worldwide. The Intellectual Property owned by Alert B&C, the MAB Technology
has been in use since 2001 by a variety of groups and is a worldwide
recognized technology. The products offered by the Corporation are Biological
and Chemical detection and identification equipment, the TRAKER(TM), designed
for the identification of dangerous and toxic agents. For more information
about the Corporation visit our new website at www.alertbc.com.

    This press release contains forward-looking statements, which reflect the
Corporation's current expectations regarding future events. The
forward-looking statements involve risks and uncertainties. Actual events
could differ materially from those projected herein. Investors should consult
the Corporation's quarterly filings and annual reports for additional
information on risks and uncertainties relating to these forward-looking
statements. The reader is cautioned not to rely on these forward-looking
statements. The Corporation disclaims any obligation to update these
forward-looking statements.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release.
    %SEDAR: 00012523E




For further information:

For further information: Investor relations: Dr. Suzanne L. Lebel,
Chairman & Executive Vice-President, ALERT B&C Corporation, (450) 688-4499,
Fax: (450) 688-9100, info@alertbc.com; Mr. Kurt G.J. Soost, President & CEO,
ALERT B&C Corporation, Toll-free: 1-866-802-0366 (Canada), (403) 802-0366,
Fax: (403) 802-0766, info@alertbc.com; Media relations: Jean-Pierre Trudel,
President, Jean-Pierre Trudel & Associates Inc., (514) 347-6111, Fax: (514)
693-1253, jp.trudel@videotron.ca

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ALERT B&C CORPORATION

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