Even Technologies Reports Second Quarter Results

Even Technologies Reports Second Quarter Results

Vancouver, British Columbia CANADA, July 09, 2008 /FSC/ - Even Technologies Inc. (ETI - TSX Venture), (the "Company") today announced financial results for the quarter ended June 30, 2008. The Company reported revenue of $268,110 compared to $153,950 for the same quarter last year and a net loss of $1,177,690, compared to a net loss of $1,068,594 for the same quarter last year. Year to date revenue for the six months ended June 30, 2008 was $1,332,019 compared to $287,097 for the same period last year. The Company reported a year to date net loss of $1,018,400 compared to a net loss of $2,591,510 for the same period last year.

The full financial statements, as well as the Management Discussion and Analysis, are available at www.SEDAR.com.

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For more information, visit www.eventechnologies.com.

On Behalf of the Board of Directors:

(signed) "Nick Ringma"

Nick Ringma
President and CEO
+1(604) 689-1858

About Even Technologies Inc.

Even Technologies is a Vancouver, Canada based company, specializing in advanced solutions for profitable IPTV delivery. Even Technologies' PSI(R) Smart Compression allows service providers to deliver standard definition video at only 750kbps and high definition video at less than 3 Mbps. Built into a complete system including real time encoders, middleware and upgradeable set-top boxes, the PSI(R) technology provides the telecommunications sector with a new alternative for delivering interactive digital television. The Company has also implemented the PSI(R) technology into a range of applications for medical imaging, security identification photos and media streaming to the PC and mobile environment. For more information, please visit www.eventechnologies.com.  

Copyright (C) 2007 Even Technologies Inc.(TM), EVEN(TM), PSI(R), dme(TM) and other marks, names, logos and icons identifying Even Technologies Inc. and Even Technologies' products and services referenced herein are trademarks or registered trademarks of Even Technologies Inc. All other company, product and/or brand names or marks are the trademarks of their respective owners.

Certain statements contained in this document, including statements regarding events and financial trends that may affect our future operating results, financial position and cash flows, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on our assumptions and estimates and are subject to risk and uncertainties. You can identify these forward-looking statements by the use of words like "strategy," "expects," "plans," "believes," "will," "estimates," "intends," "projects," "goals," "targets," and other words of similar meaning. You can also identify them by the fact that they do not relate strictly to historical or current facts. We wish to caution you that such statements contained are just predictions or opinions and that actual events or results may differ materially. The forward-looking statements contained in this business plan are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Corporate Info:

Even Technologies Inc.
#490 - 601 West Cordova Street
Vancouver, B.C.
V6B 1G1
t: +1(604) 689-1858
f: +1(604) 689-1758

Press Contact:

Leslie Sims
lsims@eventechnologies.com
t: +1(604) 689-1858


Source: Even Technologies Inc. (ETI - TSX-V)
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