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Serebra Reports Annual Results for the Year Ended March 31, 2010
Friday, July 30, 2010
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Vancouver, BC, July 30, 2010--(T-Net)--Serebra Learning Corporation (TSX VEN: SLC), a leading e-learning provider, today reported its financial results for the year ended March 31, 2010.
Revenue for the year ended March 31, 2010, was $770,793 compared to $3,113,001 a year earlier. Net loss for the year was $1,246,498 compared to a net loss of $506,207 for the year ended March 31, 2009. Loss per share was $0.07 compared to net loss per share of $0.03 a year earlier.
“Serebra has emerged from the economic downturn a leaner, more efficient company and is well-positioned to take advantage of improved global financial conditions,” said Aziz Pirani, Interim CEO, Serebra Learning Corporation. “We look forward to a bright future with new and exciting prospects on the horizon.”
The audited consolidated financial statements for the years ended March 31, 2010 and 2009, 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 Serebra's website at www.serebra.com and on SEDAR at www.sedar.com.
About Serebra Learning Corporation
Serebra Learning Corporation provides innovative e-learning solutions to companies, organizations and individuals worldwide. Through Serebra Campus, Serebra provides an extensive course catalogue and versatile learning management system (LMS) for delivering and managing professional training and development. Serebra's easyLearning program helps people in developing nations gain valuable skills and qualifications, while Serebra Connect provides easyLearning students, and other qualified individuals with access to jobs. For more information about Serebra, visit www.serebra.com or call 800 567-7766.
The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Serebra Learning Corporation Aziz Pirani, 604-676-5480 Interim Chief Executive Officer Facsimile: 604-676-5490 Toll Free: 1-800-567-7766 Email: aziz.pirani@serebra.com
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