VANCOUVER, BC CANADA - July 29, 2009 - Serebra Learning Corporation (TSX VEN: SLC), a leading e-learning provider, today reported its financial results for the year ended March 31, 2009.
Revenue for the year ended March 31, 2009 was $3,113,001 compared to $5,306,773 a year earlier. Net loss for the year was $506,207 compared to a net income of $436,862 for the year ended March 31, 2008. Loss per share was $0.03 compared to income per share of $0.03 a year earlier.
"As a company, Serebra remains unfailingly focused on the long-term demand for our e-learning products and the potential they hold," said Ted Moorhouse, Chairman and CEO, Serebra Learning Corporation. "We look forward to helping more people being educated and more countries endorsing e-learning based employability skills. Serebra remains committed to being innovative and customer-focused to allow us to grow and deliver for our shareholders long into the future."
About Serebra Learning Corporation
Serebra Learning Corporation has a 22-year track record using the latest technology to deliver innovative personal and professional development courses to individuals and companies worldwide. Through easyLearning (www.easylearning.org), Serebra helps people in developing nations gain valuable skills and qualifications. Through Serebra Connect (www.serebraconnect.com), Serebra provides easyLearning students, and other qualified individuals, with access to jobs. Shop Serebra Connect (shop.serebraconnect.com) lets Serebra Connect users upgrade their skills and accredit their existing education. For more information about Serebra, visit www.serebra.com or call 800 567-7766.
SEREBRA LEARNING CORPORATION
Ted Moorhouse
Chairman & CEO
Phone 604 676.5480
Fax 604 676.5490
Toll Free 800 567.7766
E-mail chairman@serebra.com
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
The audited consolidated financial statements for the years ended March 31, 2009 and 2008, as well as additional information and the Management's Discussion and Analysis of financial condition and results of operations, will be filed with the relevant securities regulatory authorities and will be available on Serebras website at www.serebra.com and on SEDAR at www.sedar.com.
Serebra Learning Corporation
Suite 1660 - 999 West Hastings Street
Vancouver, British Columbia
Canada V6C 2W2
Hours of Operation
7:00am to 5:00pm (Pacific)
15:00 - 01:00 (GMT)