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Covalon Technologies Ltd.

03:56 PM EST - Covalon Technologies Ltd. : announced that its second-quarter total revenues were $781,433, an increase of $126,808 over the same period of the previous year. Total revenues for the six months ending March 31, 2009 were $1.24 million, compared to $1.59 million in the same period of the previous year. Net loss for the six months ending March 31, 2009 was $2.8 million and net cash outflows for the same period were $3.6 million. Covalon Technologies Ltd. shares V.COV are trading even at $0.45.