Healthpricer Interactive Limited V.HPC

Needs better quarters.

[jsett]

They don't see anything other than being the middle man.

For the three months and year ended March 31, 2010, the Company:

• Reported a net and comprehensive loss of $513,196 or
  .005 per common share for the three months ended March 31, 2010, compared to a net and comprehensive loss of $418,012 or
  .004 per common share for the three months ended March 31, 2009. The net and comprehensive loss for the year ended March 31, 2010 totaled $1,758,214 or
  .02 per share compared to a net and comprehensive loss of $2,062,903 or
  .02 per common share from the year ended March 31, 2009.
• Recognized commission revenue of $119,730 for the three months ended March 31, 2010 compared to $103,881 of $488,172 for the three months ended March 31, 2009. For the year ended March 31, 2010, recognized commission revenue compared to $311,415 for the year ended March 31, 2009. Cost of revenue increased from $148,851 for the fiscal year ended March 31, 2009 to $324,224 for the fiscal year ended March 31, 2010 a result of increasing revenues generated by the Health Products Advertising Network and the related payout to participating partners.
• Incurred total operating expenses of $399,853 for the three months ended March 31, 2010 compared with $383,314 for the three months ended March 31, 2009. Total operating expenses of $1,407,875 and $1,966,264 were incurred for the year ended March 31, 2010 and 2009, respectively. The reduction in overall operating costs is the result of a focused effort to rationalize costs, particularly in the sales and marketing area, to minimize ongoing cash requirements; continued adjustment of personnel resources relative to project needs and completion; and to leverage technology development to date.

GL