(used in) 
operating 
activities: 
 Net loss        $ (96,740)  $(349,919)      (1,979,019)  $   (2,251,105) 
 Adjustments to 
 reconcile net 
 loss to net 
 cash from 
 operating 
 activities: 
  Finance 
   expense           11,501       7,422           23,379           16,179 
  Depreciation 
   and 
   Amortization     256,318     263,423          766,820          800,695 
  Stock option 
   expense          (5,587)      50,618           80,533          137,626 
  Foreign 
   exchange 
   (gain) loss 
   on cash held 
   in foreign 
   currency         (4,403)     (5,483)         (20,062)           39,285 
  Foreign 
   exchange 
   (gain) loss 
   on 
   borrowings 
   and lease 
   liabilities     (17,622)      17,774            5,001         (50,456) 
  Loss on 
   disposal of 
   assets                 -                        1,753            5,668 
                    143,467    (16,165)      (1,121,595)      (1,302,108) 
 Change in 
 non-cash 
 operating 
 assets and 
 liabilities: 
  Decrease in 
   deferred 
   cost of 
   revenue                2       1,141              475            5,856 
  Decrease 
   (Increase) 
   in deferred 
   revenue           30,792   (172,612)        (339,446)        (332,074) 
  Change in 
   other 
   non-cash 
   operating 
   assets and 
   liabilities      710,407     489,891        (471,442)        1,705,346 
Cash generated 
 from (used in) 
 operating 
 activities         884,668     302,255      (1,932,008)           77,020 
Cash flows from 
(used in) 
investing 
activities: 
 Acquisition of 
  property, 
  plant and 
  equipment        (65,294)    (90,048)        (176,583)        (239,296) 
 Proceeds on 
  sale of 
  property, 
  plant and 
  equipment               -           -            4,600                - 
 Acquisition of 
  intangible 
  assets           (61,330)   (109,750)         (69,785)        (240,173) 
Cash (used in) 
 investing 
 activities       (126,624)   (199,798)        (241,768)        (479,469) 
Cash flows from 
(used in) 
financing 
activities: 
 Interest 
  income              1,825       2,704            5,881           22,255 
 Interest 
  expense           (6,976)    (10,126)         (22,237)         (33,748) 
 Government 
  Loan (SIF) 
  including 
  Deferred 
  Grant Income      340,353                      793,229                - 
 Repayment of 
  borrowings              -                            -        (701,491) 
 Lease Right of 
  Use Asset          51,274           -           51,274                - 
 Repayment of 
  lease 
  liabilities      (50,449)    (48,781)        (205,380)        (218,530) 
Cash generated 
 from (used in) 
 financing 
 activities         336,027    (56,203)          622,767        (931,514) 
Foreign 
 exchange gain 
 (loss) on cash 
 held in 
 foreign 
 currency             4,403       5,483           20,062         (39,285) 
Increase 
 (Decrease) in 
 cash             1,098,474      51,737      (1,530,947)      (1,373,248) 
Cash, beginning 
 of the period    2,705,065   5,082,621        5,334,486        6,507,606 
Cash, end of 
 the period      $3,803,539  $5,134,358  $     3,803,539  $     5,134,358 
See accompanying notes to the interim condensed consolidated 
 financial statements 

SOURCE Redline Communications Group Inc.

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/CONTACT:

Redline Contact(s), Richard Yoon, Chief Executive Officer, +1-905-479-8344, ryoon@rdlcom.com; Philip Jones, Chief Financial Officer, +1-905-479-8344, pjones@rdlcom.com; Investor Relations Contact, Ron Shuttleworth, Partner, OakHill Financial, +1-647-500-7371, rshuttleworth@oakhillfinancial.ca

/Web site: http://www.redlinecommunications.com

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