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Covalon Technologies Ltd.

09:31 AM EST - Covalon Technologies Ltd. : reported that its fiscal 2008 net loss widened to $3.7 million from $3.1 million last year. Loss per share was $0.05, flat with last year.Fiscal 2008 product sales and licensing fee revenue increased 20% to $1.8 million from last year. Covalon Technologies Ltd. shares V.COV are trading even at $0.39.