Eloda Corporation announces its results for the third quarter of 2007

    MONTREAL, Nov. 28 /CNW Telbec/ - Eloda Corporation ("Eloda" or the
"Company") (TSX-V: ELA), today announced its results for its third quarter
ended September 30, 2007.
    For the quarter ended September 30, 2007, Eloda's revenues amounted to
$63,759 compared to $55,263 for the same period in 2006. This represents a
slight increase from last year's third quarter.
    Net losses totalled $2,007,038 or $0.03 per share for the third quarter
ended September 30, 2007, against $1,280,264 or $0.02 per share for the third
quarter ended September 30, 2006. This increase results mainly from non-cash
impact charges such as stock-based compensation and accretion in carrying
value of long term debt.

                        Three-month period ended     Nine-month period ended
                                September 30,               September 30,
                              2007          2006          2007          2006
                                 $             $             $             $
    Revenues                63,759        55,263       198,853       175,186
    EBITDA(1)           (1,857,731)   (1,220,759)   (6,151,667)   (3,483,737)
    LOSS                (2,007,038)   (1,280,264)   (6,447,350)   (3,670,416)
    Loss per share           (0.03)        (0.02)        (0.09)        (0.06)

    Furthermore, the Company is preparing the launch of a second version of
its broadcast advertising validation and discrepancy management product: Eloda
Protocol(TM). The launch is scheduled for the first quarter of 2008.

    (1) Definition of EBITDA: Earnings (loss) before financial expenses,
    income tax, depreciation, and amortization. EBITDA is presented as an
    additional measurement of earnings to help readers determine the
    Company's capacity to generate liquidity from its activities and defray
    its financial expenses. It is also an indicator that is widely used for
    evaluation purposes. Because this term has no standardized meaning under
    Canadian generally accepted accounting principles, it may not be
    comparable to similar measurements used by other companies.

    About Eloda Corporation

    Eloda Corporation is an independent third party providing a suite of
innovative, effective and user-friendly measurement and validation tools for
the advertising industry. Using its proprietary AdDNA(TM) technology, Eloda is
the first company to offer a new generation of capture-index-verify
applications that allow for occurrence proof-of-performance without the
traditional need for pre-encoding. Founded in 2000, the company is
headquartered in Montreal, with offices in Toronto and New York. The company
offers its TV ad proof-of-performance services to advertisers and agencies in
both Canada and the United States. Eloda Corporation's securities are traded
on Canada's TSX Venture Exchange under the symbol ELA.

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

For further information:

For further information: François Rainville, President and CEO, Eloda
Corporation, (514) 842-1513, FAX: (514) 842-4588, frainville@eloda.com; Sonia
Ferland, Communications Coordinator, Eloda Corporation, (514) 842-1513, FAX:
(514) 842-4588, invest@eloda.com

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