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TSO3: Financial Results for Fiscal Year 2007 and Update on Sales Activities

March 28, 2008

Québec City, Marc 28, 2008 – TSO3 Inc. (TSX: TOS) today announced its financial results for the fiscal year ended December 31, 2007.

The Company recorded, for the period ended December 31, 2007, a net loss of $7,912,490 or $0.17 per share, compared to a net loss of $7,477,443, or $0.20 per share in 2006.

“In 2007, TSO3 experienced notable firsts, such as the sale of a second sterilizer to an existing customer, the first two-unit sale to a hospital, as well as the exchange of a recently acquired high-capacity sterilizer from a competitor for a 125L Ozone Sterilizer. The successes have also been numerous in terms of visibility and credibility, notably on the front of safety for the environment, for which our product is increasingly recognized. Today, we benefit from the positive testimonials of innovative clients from nearly 30 hospitals throughout North America: a major asset which support on sales efforts”, indicated Jocelyn Vézina, CEO at TSO3 Inc.

“In parallel, we must adjust to market demands and respond to new challenges. The recent months have allowed us to realize there is a growing need among the clientele for the sterilization of flexible endoscopic instruments. We were already aware of this opportunity and proactive on the R&D front, but today we must accelerate the work necessary to guarantee the compatibility of this type of endoscope with our process. The new reality we face slows our sales for 2008. Therefore, our objective in the short term is to focus our sales efforts on customers that have shown an immediate need for our product, while ensuring sales in the pipeline for 2009”, he added.

TSO3 will update on sales activities in more details during its conference call planned this morning, Friday March 28, at 10:30 a.m. (ET). Analysts and institutional investors are invited to participate in the conference call. Numbers to dial for access are (514) 807-8791 (Montreal area), (416) 644-3416 (Toronto area) or the toll-free number 1 800 733-7560.

Other Interested parties may listen to the live webcast of the conference call accessible via TSO3’s Website at: www.tso3.com. The webcast will be archived for 90 days.


2007 Overview

TSO3 announces 16 additional sales in 2007, for a total of 26 units in North America.

TSO3 becomes a member of Hospitals for a Healthy Environment (H2E) – recently renamed “Practice Greenhealth” - an international association that brings together several hundred hospitals as well as certified suppliers that are proving their environmental excellence.

TSO3 closes a $23 million bought deal.

TSO3 implements a stock purchase plan for its employees.

TSO3 raises $4 million through purchase warrants.

TSO3 distinguishes itself as a company that offers an environmentally responsible product and is awarded a “Venture Green” mention at the major OHA HealthAchieve 2007 exhibition held in Toronto.


To view the entire release, as well as the management discussion and analysis, click here.
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