Clemex Discloses First Quarter Results for FY 2008 and begins its second quarter with well garnished order book



    Symbol: CXG.A-CDNX
    www.clemex.com
    Shares Outstanding: 18,714,810

    MONTREAL, Sept. 18 /CNW Telbec/ - Clemex Technologies Inc. (TSX Venture
CXG.a), designer and manufacturer of Image Analysis systems and software for
microscopy applications, announced today its FY 2008 first quarter results
ending July 31 2007. For this first quarter of FY 2008, sales reached
$1,105,274 while they were $1,284,497 for the same period last year. The
Corporation ends this Quarter with a Net loss of $ 138,779 compared to a
profit of $ 24,066 for the same period last year. A third of this deficit is
due to the substantial appreciation of the Canadian dollar during this First
Quarter. Gross Margin, however increased to 64.6% from 57.2% for the same
period last year. This significant increase is mostly due to the components
sales mix during this Quarter.
    Despite the traditional slowdown in business activity for the First
Quarter due to the summer months, these results remain below expectations.
International sales were particularly slow during this Quarter posting
$194,530. or 47% less than $368,956. for the same period last year. Sales for
traditional market applications in North America however remained similar to
last year sales at $910,744. for this first Quarter.

    
    FINANCIAL HIGHLIGHTS

                                                          Q1
    -------------------------------------------------------------------------
    -------------------------------------------------------------------------
                             Fiscal Year                 2008          2007
    -------------------------------------------------------------------------
                                                         $             $
    Sales                                            1,105,274     1,284,497
    Cost of Sales                                      390,816       548,658
    -------------------------------------------------------------------------
    Gross Margin                                       714,458       735,839

    Operating Expenses
      Sales and Marketing                              400,938       364,850
      Administrative Expenses                          217,051       160,923
      R&D less Tax credits                             134,682       132,059
      Amortization                                      25,719        23,841
      Financial Expenses                                74,847        30,100
    -------------------------------------------------------------------------
                                                       853,237       711,773

    Net earnings                                      (138,779)       24,066
                                                        (0.007)        0.001
    


    Clement Forget, President and CEO of Clemex Technologies declared: "First
Quarter results have once more been affected by a longer sales cycle at
International, where market development relies mainly on sales of our new PS3
instrument for Powders Size and Shape Characterization, a complex but
promising product, which in turn requires advanced communication and education
techniques and challenges. These First Quarter results are therefore affected
substantially by several market development efforts which should be rewarding
in the next quarters, our quotations and forecasts pipeline now growing in a
sustained trend."
    He continued: "Working along the same avenue, we have, in this First
Quarter, established excellent discussions base for a major partnership with a
worldwide scientific instruments manufacturer. The excellent complementarily
of some of our products with this player should allow us to solve several
marketing issues for years to come.
    In view of these late developments, and based on the very high quality of
high technology imaging solutions, we are more than ever very confident in the
short and mid-term future of the Company."

    About Clemex Technologies, Inc.

    Clemex Technologies Inc. develops, manufactures and markets image
analysis systems and software used by quality control and research microscopy
laboratories. Clemex's customer base spans over many countries in America,
Europe, Asia and encompasses major Research and Development Centers,
prestigious Universities and large manufacturing industries in various fields
including automotive, aerospace, raw materials manufacturing, pharmaceuticals,
mining and other sectors.

    The CDNX has not reviewed and does not accept responsibility for the
    adequacy and accuracy of this news release.




For further information:

For further information: Clément Forget, Clemex Technologies Inc, (450)
651-6573, ir@clemex.com

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