Clemex Discloses Third Quarter Results for FY 2008



    Symbol: CXG.A-CDNX
    www.clemex.com
    Shares Outstanding: 18,743,810

    (Sales increase by 18%)

    MONTREAL, March 28 /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 third
quarter results ending January 31 2008. For this third Quarter of FY 2008,
sales reached $1,733,898, that is $269,906 more than last year sales of
$1,463,992 for the same period. The Corporation ends this Quarter with Net
Earnings of $100,829 compared to net earnings of $79,159 for the same period
last year. Net Earnings for this Quarter were affected by a non recurrent
increase in administrative expenses and professional fees that took place near
the end of the Q2. Gross Margin remained stable at 57%, same as last year.

    
    FINANCIAL HIGHLIGHTS

                                     Third Quarter            Nine Months
    -------------------------------------------------------------------------
           Fiscal Year              2008        2007        2008        2007
    -------------------------------------------------------------------------
                                       $           $           $           $
    Sales                      1,733,898   1,463,992   4,341,575   4,146,840
    Cost of Sales                745,035     631,203   1,737,927   1,748,590
    -------------------------------------------------------------------------
    Gross Margin                 988,863     832,789   2,603,648   2,398,250

    Operating Expenses
      Sales and Marketing        412,179     400,281   1,230,795   1,172,560
      Administrative Expenses    306,919     207,469     812,030     559,681
      R&D less Tax credits       128,685     120,097     398,773     374,460
      Amortization                26,769      27,566      78,208      69,953
      Interest & bank charges     36,403      33,348     100,574      91,532
    -------------------------------------------------------------------------
      Net foreign exchange loss  (22,921)    (35,131)     87,756     (13,336)
    -------------------------------------------------------------------------
                                 888,034     753,630   2,708,136   2,254,850

    Net earnings                 100,829      79,159    (104,488)    143,400

    Net earnings/lost
     per share                     0.008       0.004      (0.006)      0.008
    

    Clement Forget, President and CEO of Clemex Technologies declared: "Q3
results are encouraging considering the economic slowdown that begins to take
place in US. The US dollar value has stabilized in this Quarter but the
Company posts a Year to Date foreign exchange loss of $87,756. Fortunately,
several sales for this Quarter came from Canada and other countries abroad.
Sales were made to GE Canada, Alcan, National Defence, Teck Cominco and to GM
in India. We have also delivered our first PSA300 to our new distributor and
partner Horiba Instruments in Irvine California, while a second one has been
delivered in March." He continued, "For Q4, we expect to get substantial
orders from steelmakers in following a successful seminar held in Sweden in
February."

    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, (450) 651-6573, ir@clemex.com

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Clemex Technologies Inc.

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