Hypertension Diagnostics, Inc.


	Hypertension Diagnostics Announces Fiscal Year 2008 Results ST. PAUL, MN – September 26, 2008 – Hypertension Diagnostics, Inc. (OTC: HDII.OB), today announced audited financial results for the fiscal year ended June 30, 2008. Revenue for fiscal year 2008 totaled $554,454 compared to $1,878,840 in the prior year ended June 30, 2007, which represents a 70.5% decrease. The Company incurred a net loss of $703,837 for fiscal year 2008 or $(.02) per share, compared with a net loss of $504,011 for fiscal year 2007, or $(.01) per share. Included in the net loss for fiscal year 2008 are total non-cash charges (expenses associated mainly with stock compensation, depreciation, stock options) of $187,078. The Company reported a cash balance on June 30, 2008 of $1,081,868. Fourth quarter revenue of $159,176, for fiscal year 2008 compared to $438,481 for fiscal year 2007, represented a 63.7% decrease. Revenue for the fourth quarter of fiscal year 2008 increased by 54.1% compared with $103,264 for the third quarter of fiscal year 2008.
	“The decline in quarterly revenues for the current fiscal year is due to a change we have made in our selling strategy,” said Mark Schwartz, Chairman and CEO. “While the Company has recently identified a few regional distribution partners who have begun selling the CVProfilor, we continue our search for a distribution partner with an established national sales force or national distribution network serving the primary care market. Our objective is to integrate the CVProfilor product into the partner’s existing cardiovascular disease product platform. Although no assurances can be given that the Company will identify a suitable partner or that the Company will consummate mutually satisfactory arrangements with a partner, we believe that this is the best strategy for broadening distribution and increasing sales of the CVProfilor.” Forward-looking statements in this press release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company wishes to caution readers not to place undue reliance on any forward-looking statements and to recognize that the statements are not a prediction of actual future results. Actual results could differ materially from those presented and anticipated in the forward-looking statements due to the risks and uncertainties set forth in the Company’s 2006 Annual Report on Form 10-KSB, and subsequent Quarterly Reports on Form 10-QSB, all of which were filed with the U.S. Securities and Exchange Commission, as well as others not now anticipated. View PDF file: FY 2008 Results CVProfilor is a registered trademark of Hypertension Diagnostics, Inc. Hypertension Diagnostics, HDI/PulseWave, PulseWave and CVProfile are trademarks of Hypertension Diagnostics, Inc. All rights reserved. Website: www.HDII.com Contact: Mark Schwartz, CEO 651-687-9999 Return to the Main HDI Newsroom Back to Top

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