Syscan Final Results for Third Quarter of Fiscal 2008 Show Revenues Up 91% and 67% EBITDA Increase

Syscan International Inc.(TSX VENTURE: SYA) today reported results for the third quarter of fiscal 2008 ended March 31, 2008, continuing a trend of consecutive quarters posting significant sales increases.

The Company's growth strategy continues to show positive results. Sales increased 91% for the three-month period to $695,529 over $364,473 in the third quarter of the previous year. Beginning in the last quarter of fiscal 2007 the Company has posted jumps in revenues for five consecutive quarters, starting a trend that noticeably accelerated in the first quarter of fiscal 2008 when a 297% increase in revenues was reported.

Three months ended March 31, 2008, compared to three months ended March 31, 2007:

                     3rd Quarter     3rd Quarter
                         FY 2008         FY 2007         % Change
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Revenues                $695,529        $364,473            Up 91%
Cost of Sales           $230,771        $180,328       Up Only 28%
Gross Margin            $464,758        $184,145           Up 152%
Operating Expenses      $626,678        $393,630            Up 59%(i)
EBITDA                 $(117,627)      $(356,061)     Improved 67%
Net Profit (Loss)      $(200,384)      $(364,116)     Improved 45%

(i) Over 30% of the expense increase was depreciation.



Nine months ended March 31, 2008, compared to nine months ended
 March 31, 2007:

                        9 months        9 months
                         FY 2008         FY 2007         % Change
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Revenues              $3,422,446      $1,112,171           Up 208%
Cost of Sales         $2,050,455        $518,295           Up 296%
Gross Margin          $1,371,991        $593,876           Up 131%
Operating Expenses    $1,758,773      $1,019,942            Up 81%
EBITDA                 $(272,663)      $(712,352)     Improved 62%
Net Profit (Loss)      $(548,572)      $(736,517)          Cut 26%

Joseph Tassone, President and CEO of Syscan said "The third quarter results continues to show that our strategy to accelerate growth by combining both organic sales increases and acquisitions, is working. Although the benefits of a very large order in the first half was not repeated this quarter, we continue to enjoy good sales growth, year over year. The outlook for the remainder of fiscal 2008 is for continued strong, year over year growth.

We are particularly pleased to see improvements in operating results with the Company posting a net loss of $200,384 for this year when compared to a loss of $356,061 for the third quarter of the previous fiscal year. EBITDA improvement for the quarter was even more dramatic at a loss of $117,627 versus a loss of $356,061, representing a 67% improvement. This is a direct reflection of increased depreciation expenses associated with acquisitions that are non-cash items, affecting the bottom line but obscuring improved of operating results."

About Syscan International Inc.

Syscan is a world class supply chain solution provider that delivers integrated real-time tracking and tracing systems that improve business efficiency through Radio Frequency Identification (RFID). Its standardized supply chain solutions include traceability, temperature monitoring and quality control methodologies for the food, pharmaceutical and healthcare sectors. Shares of Syscan trade on the TSX Venture Exchange under the symbol SYA. There are approximately 48.0 million shares outstanding.

SYSCAN INTERNATIONAL INC.

CONSOLIDATED STATEMENT OF LOSS
For the three months ended March 31
(Unaudited)
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                                            2008             2007
                                        3 months         3 months
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                                               $                $
SALES                                    695,529          364,473
COST OF SALES                            230,771          180,328
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GROSS PROFIT                             464,758          184,145
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EXPENSES
Administrative expenses                  304,153          274,719
Selling expenses                         228,107          101,395
Depreciation of fixed assets              14,371            4,034
Depreciation of intangible assets         54,953            4,021
Loss (gain) on exchange                   15,290            7,053
Interest on long term debt                 1,840                -
Bank charges                               5,964            2,408
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                                         624,678          393,630
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OPERATING LOSS                          (159,920)        (209,485)

RESEARCH AND DEVELOPMENT COSTS           (28,871)        (154,631)
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LOSS BEFORE INCOME TAXES                (188,791)        (364,116)

INCOME TAXES

Current                                   11,593                -
Future                                         -                -
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                                          11,593                -
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NET LOSS                                (200,384)        (364,116)
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