Eloda Corporation announces its results for the second quarter of 2008

    MONTREAL, Aug. 28 /CNW Telbec/ - Eloda Corporation ("Eloda" or the
"Company") (TSX-V: ELA) today announced its results for the second quarter
ended June 30, 2008.
    The Company realized revenues of $84,534 for the second quarter ended
June 30, 2008, an increase from revenues of $62,496 for the same quarter in
the previous fiscal year.
    Net loss totalled $1,197,512 or $0.02 per share for the three-month
period ended June 30, 2008, against a loss of $1,809,388 or $0.03 per share
for the same period in 2007, a 34% reduction. The decreased loss is primarily
associated with a reduction of general, sales and operational costs and the
net result of the fluctuation of some non cash expenses such as stock based
compensation and the accretion in carrying value of long term debt.

                            Three-month period           Six-month period
                               ended June 30,              ended June 30,
                             2008          2007          2008          2007
                                $             $             $             $
    Revenues               84,534        62,496       157,729       135,094
    Loss               (1,197,512)   (1,809,388)   (2,306,536)   (4,440,308)
    Basic and diluted
     loss per share         (0.02)        (0.03)        (0.03)        (0.06)
    Total assets        1,380,929     2,206,724     1,380,929     2,206,724
    Long term
     liabilities        3,938,598       189,057     3,938,598       189,057


    "During the second quarter of 2008, we continued our efforts to reinforce
our leadership and deployed Eloda Protocol in three trials with major
advertisers and media buying agencies in the U.S. and Canada. Results have
been very positive up to now and so we are building on this momentum to
increase awareness on the issue of TV ad broadcast verification and the
solutions we offer to resolve it," said François Rainville, President and CEO
of Eloda.

    About Eloda Corporation

    Eloda Corporation (TSX-V:ELA) is a third party providing a suite of
innovative, effective and user-friendly measurement and validation tools for
the advertising industry. The company is headquartered in Montreal, with an
office in New York City. For more information, visit www.eloda.com.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

For further information:

For further information: Sonia Ferland, Communications Coordinator,
Eloda Corporation, (514) 842-1513, Fax: (514) 842-4588, invest@eloda.com

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