Dominion Lending Centres Clearlease Reports Ondine (TSX:OBP) narrows Q1 loss as expenses decrease, consulting fees rise

Dominion Lending Centres Clearlease Reports Ondine (TSX:OBP) narrows Q1 loss as expenses decrease, consulting fees rise

VANCOUVER, BC (June 8, 2011) Dominion Lending Centres Clearlease Reports Medical technology company Ondine Biomedical Inc. (TSX:OBP) narrowed its first-quarter loss from a year ago as expenses decreased and consulting fees increased.

The Vancouver company (TSX:OBP) said Wednesday June 8, 2011 it lost just over $1 million, or 10 cents a share, during the first three months of 2011.

In the same 2010 period, Ondine lost $1.24 million, or 17 cents per share.

Revenues rose to more than $368,000 from just under $285,000.

Research and development expenses decreased to $841,000 from roughly $941,000, while general and administrative expenses fell to $492,000 from $554,000.

Meanwhile, consulting revenue rose from $201,000 a year ago to $340,000, but that was offset by a lower gross margin.

Ondine develops technologies to fight infections using light, instead of antibiotics, which can grow resistant to bacteria.

Ondine shares were flat at 23.5 cents on the Toronto Stock Exchange in trading Wednesday.

Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk


Dominion Lending Centres Clearlease Reports Ondine (TSX:OBP) narrows Q1 loss as expenses decrease, consulting fees rise

VANCOUVER, BC (June 8, 2011) Dominion Lending Centres Clearlease Reports Medical technology company Ondine Biomedical Inc. (TSX:OBP) narrowed its first-quarter loss from a year ago as expenses decreased and consulting fees increased.

The Vancouver company (TSX:OBP) said Wednesday June 8, 2011 it lost just over $1 million, or 10 cents a share, during the first three months of 2011.

In the same 2010 period, Ondine lost $1.24 million, or 17 cents per share.

Revenues rose to more than $368,000 from just under $285,000.

Research and development expenses decreased to $841,000 from roughly $941,000, while general and administrative expenses fell to $492,000 from $554,000.

Meanwhile, consulting revenue rose from $201,000 a year ago to $340,000, but that was offset by a lower gross margin.

Ondine develops technologies to fight infections using light, instead of antibiotics, which can grow resistant to bacteria.

Ondine shares were flat at 23.5 cents on the Toronto Stock Exchange in trading Wednesday.

Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk


Dominion Lending Centres Clearlease Reports Ondine (TSX:OBP) narrows Q1 loss as expenses decrease, consulting fees rise

VANCOUVER, BC (June 8, 2011) Dominion Lending Centres Clearlease Reports Medical technology company Ondine Biomedical Inc. (TSX:OBP) narrowed its first-quarter loss from a year ago as expenses decreased and consulting fees increased.

The Vancouver company (TSX:OBP) said Wednesday June 8, 2011 it lost just over $1 million, or 10 cents a share, during the first three months of 2011.

In the same 2010 period, Ondine lost $1.24 million, or 17 cents per share.

Revenues rose to more than $368,000 from just under $285,000.

Research and development expenses decreased to $841,000 from roughly $941,000, while general and administrative expenses fell to $492,000 from $554,000.

Meanwhile, consulting revenue rose from $201,000 a year ago to $340,000, but that was offset by a lower gross margin.

Ondine develops technologies to fight infections using light, instead of antibiotics, which can grow resistant to bacteria.

Ondine shares were flat at 23.5 cents on the Toronto Stock Exchange in trading Wednesday.

Dominion Lending Centres Clearlease Video Link: http://youtu.be/f_kk7WJa7Uk

For more information please visit us at: http://www.clearlease.com/Career-Opportunities.html

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouer, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers.

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Alexander Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 199
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease

###

Video Link: http://youtu.be/f_kk7WJa7Uk


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