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Galvanic Announces 2nd quarter report

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GALVANIC APPLIED SCIENCES INC.

[ GALVANIC APPLIED SCIENCES INC. ]

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GALVANIC APPLIED SCIENCES INC.
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Galvanic Announces 2nd quarter report

CALGARY, Dec. 7 /CNW/ - Galvanic Applied Sciences Inc. (GAV: TSX-V) announces the following results for its period ended October 31, 2009 and October 31, 2008.

 Three Months Ended October 31, ------------------------ 2009 2008 $ $ ------------------------ Revenue 2,735,000 3,699,000 Gross margin 1,107,000 1,649,000 Net earnings before income taxes and reorganization costs 121,000 752,000 Reorganization costs 374,000 - Net (loss) earnings (157,000) 724,000 Net (loss) earnings per common share ($0.01) $0.05