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Semcan Inc.

11:02 AM EST - Semcan Inc. : today reported financial results for its quarter ended March 31, 2008. Revenues for the first quarter 2008 were $10.2 million, an increase of 216.3 percent over revenues of $3.2 million for the quarter ended March 31, 2007. Net Income for the first quarter 2008 was $0.4 million, or $0.018 per share, compared to a net loss of $0.002 per share in 2007. Semcan Inc. shares V.STT are trading unchanged at $0.95.