29 August 2012: The company's revenue from continued operations were NOK 0.24 million, slightly decreasing from MNOK 0.25 in Q2 2011. The operating expenses for Q2-2012 were NOK 3.46 million, of which NOK 2.44 million is related to non-recurring expenses, such as termination of warrants and set offs for expected termination cost on rental leases in USA and Sweden. The operating expenses for Q2-2011 were NOK 1.64 million. The operating profit (EBIT) for the quarter was NOK -3.35 millon compared with NOK -1.52 million Q2 2011. 

The cash balance at the end of Q2-2012 was NOK 25.8 million.

Enclosed you will find the Q2-2012 report. In addition the Company refers to press release of May 4, 2012 regarding sale of assets.

For further information, contact:
Managing director Hans Hekland, phone: +47 906 26 870

INTERIM REPORT Q2-2012

Read the notice in Norwegian here: