BIOQ Bioqual Inc (PK)

BIOQUAL, Inc.�(Pinksheets:BIOQ): � � 2008 2007 � Revenues $ 24,868,256 $ 21,869,066 � Income Before Income Tax $ 1,961,937 $ 1,732,193 � Net Income $ 1,207,930 $ 1,075,971 � Basic Earnings per Share of Common Stock $ 1.35 $ 1.21 � Diluted Earnings per Share of Common Stock $ 1.34 $ 1.19 � Weighted Average Number of Shares Outstanding For Basic Earnings 896,538 890,619 � Weighted Average Number of Shares Outstanding For Diluted Earnings 903,875 902,169 � BIOQUAL�s Board of Directors has declared a dividend of $0.16 per share for shareholders of record on September 9, 2008, payable on September 30, 2008. This is the eighth dividend declared by BIOQUAL. Statements herein that are not descriptions of historical facts are forward-looking and subject to risk and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors including risks relating to the ability to continue to extend current government contracts and obtain new contracts; the actual cost incurred in performing its contracts; uncertainties relating to clinical trials; dependence on third parties; and future capital needs.