Sonomax reports 2009 results

MONTREAL, April 30 /CNW Telbec/ - Sonomax Technologies Inc. ("Sonomax" or the "Company") (TSX Venture: SHH) today disclosed its results for the year ended December 31, 2009.

    
    As Sonomax continues work towards becoming an R&D licensing company,
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    2009 highlights were:
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    -   Raised gross proceeds of $1,603,250 of new equity financing and
        $10,000 by way of exercising of warrants by holders thereof.

    -   Exchanged $758,000 of convertible promissory notes for new notes
        maturing in 2010 of which $200,000 were converted to equity.

    -   Gross (loss) profit was $181,174 in 2009 compared to $176,406 in
        2008.

    -   Reduction of operating expenses to $3,224,974 compared to $6,162,287
        in 2008.

    -   Decrease in net revenue to $736,374 in 2009 from $1,210,614 in 2008.
    

Full financial statements can be found at: www.sedar.com

About Sonomax Technologies Inc.:

Sonomax is a leader in the research, development and licensing of in-ear technologies. With over 50 patents worldwide, Sonomax pioneering innovation includes instant custom-fitting earpieces that deliver the most comfortable, protective and sound-enhancing experience in the world, as well as software driven solutions for validating earpiece performance. The latest V4 Self-Fit(TM) System offers our manufacturer and aftermarket clients a broader range of opportunities in customized earpieces for personal entertainment, mobile communication and Bluetooth(TM) headsets. The technology also extends to applications for self-fit earplugs for hearing protection and communication in the industrial and military market sectors.

(www.sonomax.com)

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Sonomax Technologies Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

%SEDAR: 00029620E

SOURCE Sonomax Technologies Inc.

For further information: For further information: Nick Laperle, President, Sonomax Technologies Inc., (514) 932-2674, nlaperle@sonomax.com

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Sonomax Technologies Inc.

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