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Galvanic Applied Sciences Inc.

09:59 AM EST - Galvanic Applied Sciences Inc. : reported fiscal 2008 net loss of $1.77 million or $0.11 per share, compared to net profit of $1.25 million or $0.08 per share last year. Quarterly revenues declined to $12.96 million from $17.35 million in the comparable period a year ago. Galvanic Applied Sciences Inc. shares V.GAV are trading down 8.33 percent at $0.28.