HealthPricer Interactive Limited reports 111 % Quarterly Revenue Growth for 2007FY Third Quarter ended December 31st, 2006



    Symbol: TSX-V:HPC

    VANCOUVER, March 7 /CNW/ - HealthPricer Interactive Limited (TSX.V ~ HPC)
(or the "Company") a leader in the emerging field of Comparison Shopping for
Personalized Healthcare, today reported its financial results for the 2007FY
third quarter ended December 31, 2006.

    
    OPERATIONAL HIGHLIGHTS:
    -----------------------

    -   The Company's Comparison Shopping business - www.healthpricer.com -
        continues generating increasing commission revenues from facilitating
        the sale of Healthcare Products and Services of industry leading
        third party online merchants to consumers, in the select healthcare
        market verticals of Vitamins & Dietary Supplements, Pharmaceuticals,
        Contact Lenses, Medicine Cabinet and Beauty & Hygiene.

    -   111% increase in Commission Revenue for the quarter ended
        December 31, 2006 to $119,319 from $56,517 for the previous quarter
        ended September 30, 2006. Upward growth trend continuing with
        approximately $57,000 generated for January 2007 alone.

    -   163,000 products from 84 top North American merchants now available
        on Healthpricer.com compared to 89,000 products and 70 merchants at
        September 30, 2006, and 20,000 products and 45 merchants at June 30,
        2006.

    -   1,000,000th unique visitor arrives at HealthPricer.com in November
        2006. As of January 31st, 2007 HealthPricer.com had received over
        1,300,000 unique visitors, generating more than 140,000 customer
        referrals to merchants.

    -   HealthPricer launches completely re-designed and re-engineered
        version of its website www.healthpricer.com in January 2007.

    FINANCIAL RESULTS:
    ------------------

    -   Overall, increased revenues and reduced expenses have driven a lower
        net loss for the nine months ended December 31, 2006 as compared to
        the previous fiscal year.

    -   For the nine months ended December 31, 2006 a net loss of
        $1,241,013 / $0.01 loss per common share was incurred, compared to
        $1,519,994 / $0.05 loss per common share for the nine months ended
        December 31, 2005 - a reduction of 18%. For the quarter ended
        December 31, 2006 a net loss of $461,017 / $0.01 per common share was
        incurred compared to a net loss of $399,275 / $0.02 per common share
        for the quarter ended December 31st, 2005

    -   For the nine months ended December 31, 2006, the Company's Comparison
        Shopping business recognized commission revenue of $196,687 compared
        to $2,232 for the nine months ended December 31, 2005. For the
        quarter ended December 31, 2006 the Company recognized commission
        revenue of $119,319 compared to $56,517 for the quarter ended
        September 30, 2006, an increase of 111%.

    -   Total expenses of $1,437,700 and $1,492,473 incurred for the nine
        months ended December 31, 2006 and 2005, respectively, consisting of
        $436,272 (2006FY: $699,990) for general and administration; $616,219
        (2006FY: $543,443) for sales and marketing; $371,769 (2006FY:
        $150,146) for research and development; $13,440 (2006FY: $11,228) for
        amortization and $nil (2006FY: $87,666) for other manufacturing and
        startup costs.

        Total expenses of $580,336 and $401,507 were incurred for the
        quarters ended December 31, 2006 and 2005, respectively, consisting
        of $154,302 (2006FY: $221,326) for general and administrative costs;
        $264,131 (2006FY: $119,576) for sales and marketing; $156,780
        (2006FY: $57,204) for research and development and $5,123 (2006FY:
        $3,401) for amortization.

    -   At December 31, 2006, the Company had cash resources of $189,627 and
        continues to raise capital to further support its development of
        proprietary technologies, and its sales and marketing efforts as it
        accelerates its online comparison shopping business for healthcare
        products and services. On January 31, 2007, the Company raised
        $762,625 from the issuance of common shares through the exercise of
        outstanding warrants.

    OUTLOOK:
    --------

        The initial beta release of HealthPricer.com's Medicine Cabinet and
        Beauty Departments were launched in October and November,
        respectively. Medicine Cabinet Department comprises 10 product
        categories including Allergy & Sinus, Cough, Cold & Flu, Diabetes,
        First Aid, Family Planning and Pain Relief. In January 2007 the
        Company added 35,000 Personal Care Products to the Beauty Department
        and re-named it "Beauty/Hygiene". This combined department has 17
        major product categories, including Fragrances, Hair Care, Nail Care,
        Make-up, Cosmetic Tools & Accessories, Bath & Shower and Lotions &
        Creams. The Company intends to launch additional departments in
        Healthpricer.com until it has the most extensive catalogue and
        database of Healthcare Products and Services available online in
        North America.

        The Company is developing enhanced end-to-end visitor to product
        sales tracking and reporting technologies, next generation product
        data collection and normalization technologies and a suite of partner
        and affiliate integration and reporting tools. The Company is
        utilizing its knowledge base and leveraging its core competencies to
        increase the effectiveness of its various traffic generation
        strategies including its pay-per-click campaigns (PPC) and search
        engine optimization (SEO) strategies to increase organic traffic.

        Management believes the biggest boost in traffic can be achieved
        through partnering with Healthcare content websites, where it will
        provide these partners with a new revenue source derived through
        sharing HealthPricer.com revenue from consumer actioning
        Healthpricer.com product ads on the partner's website. The Company is
        currently pursuing several content partner opportunities.

        In summary, Management believes executing its current plan for
        HealthPricer.com will continue to drive exponential traffic and
        revenue growth and that HealthPricer.com holds promise to
        potentially become to Healthcare what Expedia.com is to travel - the
        preferred source and online destination for healthcare consumers.
    

    About HealthPricer Interactive

    HealthPricer Interactive Limited is a leader in online comparison
shopping for consumer healthcare products. Led by a team of e-commerce
professionals, the Company has applied its proprietary technologies to meet
the needs of North American consumers looking for easy access to a choice of
products and merchants online. Covering 163,000 products from 84 merchants,
HealthPricer.com is the most convenient way for consumers to search for and
perform side-by-side comparison of healthcare products based on price, brand
and other health related attributes. www.healthpricer.com.

    The TSX Venture Exchange has not reviewed, and does not accept
    responsibility for the adequacy or accuracy of the content of this news
    release.

    %SEDAR: 00015938E




For further information:

For further information: For media: Asa Zanatta, Tel: (604) 408-1389,
(604) 724-7755, azanatta@spiritcommunications.ca; For investors: Michael I.
Brown, Tel: (604) 301 0221 ext.120, mbrown@healthpricer.com

Organization Profile

HEALTHPRICER INTERACTIVE LIMITED

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