Sonomax reports first quarter 2010 results

MONTREAL, May 31 /CNW Telbec/ - Sonomax Technologies Inc. ("Sonomax" or the "Company") (TSX Venture: SHH) today disclosed its results for the three months ended March 31, 2010.

    
    As Sonomax continues work towards becoming an R&D licensing company,
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    First Quarter 2010 highlights were:
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    - Raised gross proceeds of $1,740,000 through a non-dilutive financing
      and restructuring.

    - Exchanged $706,200 of convertible promissory notes and accrued interest
      for new notes maturing in 2011.

    - Increase in net revenue to $124,914 in 2010 from $102,555 in 2009.

    - Gross (loss) profit was $6,117 in 2010 compared to ($15,443) in 2009.

    - Increase in operating expenses to $1,222,079 compared to $949,481 in
      2009
    

Full financial statements can be found at: www.sedar.com

About Sonomax Technologies Inc.:

Sonomax is a leader in the research, development and licensing of in-ear technologies. With over 50 patents worldwide, Sonomax pioneering innovation includes instant custom-fitting earpieces that deliver the most comfortable, protective and sound-enhancing experience in the world, as well as software driven solutions for validating earpiece performance. The latest V4 Self-Fit(TM) System offers our manufacturer and aftermarket clients a broader range of opportunities in customized earpieces for personal entertainment, mobile communication and Bluetooth(TM) headsets. The technology also extends to applications for self-fit earplugs for hearing protection and communication in the industrial and military market sectors.

(www.sonomax.com)

This news release contains certain forward-looking statements that reflect the current views and/or expectations of Sonomax Technologies Inc. with respect to its performance, business and future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary significantly.

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

%SEDAR: 00029620E

For further information: Nick Laperle, President, Sonomax Technologies Inc., [phone], [email protected]