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    <title>Cancer Genetics, Inc. (CGIX) News</title>
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      <title>Cancer Genetics to Present at Marcum MicroCap Conference</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/5RnHPLl7zpc/cancer-genetics-to-present-at-marcum-microcap-conference</link>
      <pubDate>Thu, 23 May 2013 07:00:00 -0400</pubDate>
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<p>    RUTHERFORD, N.J.--
      Cancer Genetics, Inc. (OTCQB: CGIX) ("CGI" or the "Company"), an
      emerging leader in DNA-based cancer diagnostics, will present at the
      second annual Marcum MicroCap Conference on Thursday, May 30, 2013 at
      2:30 p.m. ET at the Grand Hyatt New York in New York City.
    </p>
    <p>
      The Marcum MicroCap Conference is dedicated to introducing investors to
      the best undiscovered companies under $500 million in market
      capitalization. In addition, the conference will showcase a number of
      panels that discuss issues that are of vital importance to small cap
      issuers and investors. The conference is expected to draw more than
      1,000 attendees, including senior personnel from over 100 presenting
      public companies, leading institutional investors, directors, bankers
      and service providers to the microcap marketplace.
    </p>
    <p>
      To learn more about the Marcum MicroCap Conference, visit <a href="http://marcumllp.com/MicroCap">http://marcumllp.com/MicroCap</a>.
    </p>
    <p>
      <b>About Cancer Genetics, Inc.</b>
    </p>
    <p>
      Cancer Genetics, Inc. (CGI) is an emerging leader in DNA-based cancer
      diagnostics and services&nbsp;some of the most prestigious medical
      institutions in the world. Our tests target cancers that are difficult
      to diagnose and predict treatment outcomes. These cancers include
      hematological, urogenital and HPV-associated cancers. We also offer a
      comprehensive range of non-proprietary oncology-focused tests and
      laboratory services that provide critical genomic information to
      healthcare professionals as well as biopharma and biotech. Our
      state-of-the-art reference lab is focused entirely on maintaining
      clinical excellence and is both CLIA certified and CAP accredited and
      has licensure from several states including New York State. CGI has
      established strong research collaborations with major cancer centers
      such as Memorial Sloan-Kettering, The Cleveland Clinic and the National
      Cancer Institute. For further information, please see&nbsp;<a href="http://www.cancergenetics.com">www.cancergenetics.com</a>.
    </p>
    <p>
    </p>
    <p>
    </p>
  <p><span class="bwct31415"></span></p>



    <p>
      Investor Relations<br>RedChip Companies, Inc.<br>Jon Cunningham,
      800-733-2447, ext. 107<br><a href="mailto:jon@redchip.com">jon@redchip.com</a>
    </p>
    <p class="bwalignc">
    </p>


<p>Source: Cancer Genetics, Inc.</p>
</body></html><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/5RnHPLl7zpc" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/234/cancer-genetics-to-present-at-marcum-microcap-conference</feedburner:origLink></item>
    <item>
      <title>Mayo Clinic Forms Joint Venture with Cancer Genetics</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/LRfsSUVN90Q/mayo-clinic-forms-joint-venture-with-cancer-genetics</link>
      <pubDate>Wed, 22 May 2013 08:00:00 -0400</pubDate>
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<p class="bwalignc">
      <i>OncoSpire Genomics will seek to discover and commercialize biomarkers
      for multiple cancer types</i>
    </p>



    <p>    RUTHERFORD, N.J.--
      <a href="http://www.mayoclinic.org/">Mayo
      Clinic</a> ("Mayo") and <a href="http://cancergenetics.com/">Cancer
      Genetics</a> Inc. (OTCQB: CGIX) today launched OncoSpire Genomics
      ("OncoSpire"), a joint venture with the singular goal of improving
      cancer care by discovering and commercializing diagnostic tests that
      leverage <a href="http://mayoresearch.mayo.edu/center-for-individualized-medicine/glossary.asp">next-generation
      sequencing</a>.
    </p>
    <p>
      &ldquo;Individualized medicine and genomic testing give us a fundamental
      understanding of the inner workings of wellness and disease. We
      recognize the transformative power of these tools and are committed to
      using every resource at our disposal to bring individualized medicine to
      our patients,&rdquo; says <a href="http://mayoresearch.mayo.edu/mayo/research/staff/farrugia_g.cfm">Gianrico
      Farrugia, M.D.</a>, a Mayo Clinic gastroenterologist and director of
      Mayo Clinic&rsquo;s <a href="http://mayoresearch.mayo.edu/center-for-individualized-medicine">Center
      for Individualized Medicine</a>. &ldquo;That is why this joint venture is so
      important.&rdquo;
    </p>
    <p>
      OncoSpire will focus on mutually identified projects in the <a href="http://mayoresearch.mayo.edu/center-for-individualized-medicine/biomarker-discovery-program.asp">Biomarker
      Discovery Program</a> within Mayo&rsquo;s Center for Individualized Medicine.
      Initial focus areas will include hematological and urogenital cancers,
      and potentially other cancers, as selected by a scientific review
      committee. OncoSpire will be based in Rochester, Minn., and will be
      equally owned by Cancer Genetics and Mayo Clinic. Cancer Genetics will
      contribute operating capital, commercial expertise and other guidance.
      Mayo will contribute in-kind with sequencing and laboratory resources,
      clinical and research expertise, and other operational resources.
    </p>
    <p>
      &ldquo;We expect this new venture to accelerate cancer biomarker discovery
      research already underway at Mayo Clinic Cancer Center,&rdquo; says <a href="http://mayoresearch.mayo.edu/mayo/research/Staff/diasio_rb.cfm">Robert
      Diasio, M.D.</a>, cancer researcher and director of the <a href="http://www.mayoclinic.org/mayo-clinic-cancer-center/">Mayo
      Clinic Cancer Center</a>.&nbsp;&ldquo;Transforming discoveries into individualized
      cancer&nbsp;therapies will benefit patients, so we are&nbsp;excited to be part of
      these&nbsp;efforts.&rdquo;
    </p>
    <p>
      Research will be conducted in genetics and life sciences labs at Mayo
      Clinic, including Mayo&rsquo;s Center for Individualized Medicine Biomarker
      Discovery Program and the <a href="http://mayoresearch.mayo.edu/mayo/research/center-for-individualized-medicine/medical-genome-facility.asp">medical
      genome facility</a>, a&nbsp;resource that allows medical researchers
      to&nbsp;investigate how individual differences in the&nbsp;structure and function
      of <a href="http://mayoresearch.mayo.edu/mayo/research/center-for-individualized-medicine/glossary.asp">human
      genomes</a> influence health outcomes.
    </p>
    <p>
      Technological advances, such as <a href="http://mayoresearch.mayo.edu/mayo/research/center-for-individualized-medicine/glossary.asp">next-generation
      sequencing</a>, have driven down the cost to perform whole genome
      sequencing. What originally took $3 billion over 13 years for the <a href="http://www.genome.gov/12011238">Human
      Genome Project</a> and the first human genome sequence can now be
      accomplished for a few thousand dollars in a matter of days.
    </p>
    <p>
      Panna Sharma, CEO of Cancer Genetics, says: &ldquo;The combination of
      resources we are bringing together positions OncoSpire Genomics to
      create a major impact in the development of advanced genomic-based
      cancer diagnostics. Our investment in OncoSpire Genomics represents the
      potential for a paradigm shift in patient management that can result in
      more efficient use of health care resources, ultimately improving the
      cost structure of cancer diagnosis and treatment. We expect this will
      add value to our commercial offerings as next-generation sequencing
      becomes more widely accepted by the clinical community. A major factor
      behind our decision to work with Mayo was the depth of their world-class
      clinicians and thought leaders, who we believe are in a position to
      drive clinical value and clinical adoption for the tests being created
      by OncoSpire Genomics.&rdquo;
    </p>
    <p>
      <a href="http://www.mayomedicallaboratories.com/">Mayo
      Medical Laboratories</a> and Mayo Clinic&rsquo;s <a href="http://www.mayoclinic.org/labmed-pathology-rst/">Department
      of Laboratory Medicine and Pathology</a><span class="bwuline"> </span>will
      work with Mayo&rsquo;s Center for Individualized Medicine to help bring
      discoveries from the joint venture to patients at Mayo Clinic and
      elsewhere. According to Frost &amp; Sullivan, a health care industry
      analyst, the U.S. cancer biomarker testing market is expected to reach
      $11.5 billion by 2017.
    </p>
    <p>
      &ldquo;Next-generation sequencing will change the future of health care,
      especially in complex disease categories such as cancer,&rdquo; says R.S.K.
      Chaganti, Ph.D., founder and chairman of Cancer Genetics. &ldquo;We are
      pleased to have forged this new relationship with Mayo with the goal of
      furthering next-generation sequencing technologies. Cancer Genetics&rsquo;
      strength in hematological and urogenital cancers brings a tremendous
      knowledge base to the partnership. Together we can make a significant
      impact in the pursuit of personalized medicine that is transforming
      cancer treatment.&rdquo;
    </p>
    <p>
      OncoSpire has formed a scientific review committee, which is composed of
      six researchers, thought leaders and clinicians.
    </p>
    <p>
      <i>About Mayo Clinic Cancer Center</i>
    </p>
    <p>
      <i>As one of the leading institutions funded by the National Cancer
      Institute, Mayo Clinic Cancer Center promotes basic and clinical
      research on the incidence, causes and progression of cancer and
      translates discoveries into improved methods for prevention, detection,
      diagnosis, prognosis and therapy. For more information, visit </i><a href="http://www.mayoclinic.org/mayo-clinic-cancer-center/"><i>http://www.mayoclinic.org/mayo-clinic-cancer-center/</i></a><i>.</i>
    </p>
    <p>
      <i>About Mayo Clinic Center for Individualized Medicine</i>
    </p>
    <p>
      <i>The Center for Individualized Medicine discovers and integrates the
      latest in genomic, molecular and clinical sciences into personalized
      care for every Mayo Clinic patient. For more information, visit </i><a href="http://mayoresearch.mayo.edu/center-for-individualized-medicine"><i>http://mayoresearch.mayo.edu/center-for-individualized-medicine</i></a><i>.</i>
    </p>
    <p>
      <i>About Mayo Clinic Department of Laboratory Medicine and Pathology and
      Mayo Medical Laboratories</i>
    </p>
    <p>
      <i>The Department of Laboratory Medicine and Pathology develops
      diagnostic technologies to care for Mayo Clinic patients, and offers
      these innovations worldwide to more than 5,000 health care institutions
      through </i><a href="http://www.MayoMedicalLaboratories.com"><i>Mayo
      Medical Laboratories</i></a><i>. Revenue from testing supports medical
      education and research at Mayo Clinic.</i>
    </p>
    <p>
      <i>About Mayo Clinic</i>
    </p>
    <p>
      <i>Mayo Clinic is a nonprofit worldwide leader in medical care, research
      and education for people from all walks of life. For more information,
      visit </i><a href="http://www.mayoclinic.com/health-information/"><i>MayoClinic.com</i></a><i>
      or </i><a href="http://www.mayoclinic.org/news/"><i>MayoClinic.org/news</i></a><i>.</i>
    </p>
    <p>
      <i>About Cancer Genetics, Inc.</i>
    </p>
    <p>
      <i>Cancer Genetics, Inc. (CGI) is an emerging leader in DNA-based cancer
      diagnostics and services&nbsp;some of the most prestigious medical
      institutions in the world. Our tests target cancers that are difficult
      to diagnose and predict treatment outcomes. These cancers include
      hematological, urogenital and HPV-associated cancers. We also offer a
      comprehensive range of non-proprietary oncology-focused tests and
      laboratory services that provide critical genomic information to
      healthcare professionals as well as biopharma and biotech. Our
      state-of-the-art reference lab is focused entirely on maintaining
      clinical excellence and is both CLIA certified and CAP accredited and
      has licensure from several states including New York State. CGI has
      established strong research collaborations with major cancer centers
      such as Memorial Sloan-Kettering, The Cleveland Clinic and the National
      Cancer Institute. For further information, please see&nbsp;</i><a href="http://www.cancergenetics.com"><i>www.cancergenetics.com</i></a><i>.</i>
    </p>
    <p>
      <i><b>Forward-Looking Statements</b></i>
    </p>
    <p>
      <i>This press release contains forward-looking statements within the
      meaning of the Private Securities Litigation Reform Act of 1995. All
      statements pertaining to future financial and/or operating results,
      future growth in research, technology, clinical development and
      potential opportunities for Cancer Genetics, Inc. products and services,
      along with other statements about the future expectations, beliefs,
      goals, plans, or prospects expressed by management constitute
      forward-looking statements. Any statements that are not historical fact
      (including, but not limited to, statements that contain words such as
      &ldquo;will,&rdquo; &ldquo;believes,&rdquo; &ldquo;plans,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;expects,&rdquo; &ldquo;estimates&rdquo;)
      should also be considered to be forward-looking statements.
      Forward-looking statements involve risks and uncertainties, including,
      without limitation, risks inherent in the development and/or
      commercialization of potential products, uncertainty in the results of
      clinical trials or regulatory approvals, need and ability to obtain
      future capital, and maintenance of intellectual property rights and
      other risks discussed in the Company&rsquo;s Form 10-Q for the quarter ended
      March 31, 2013 and other filings with the Securities and Exchange
      Commission. These forward-looking statements speak only as of the date
      hereof. Cancer Genetics disclaims any obligation to update these
      forward-looking statements.</i>
    </p>
  <p><span class="bwct31415"></span></p>



    <p>
      Investor Relations<br>RedChip Companies, Inc.<br>Jon Cunningham,
      800-733-2447, ext. 107<br><a href="mailto:jon@redchip.com">jon@redchip.com</a><br>or<br>Mayo
      Clinic<br>Sam Smith<br>507-284-5005 (days)<br>507-284-2511
      (evenings)<br><a href="mailto:newsbureau@mayo.edu">newsbureau@mayo.edu</a>
    </p>


<p>Source: Cancer Genetics Inc.</p>
</body></html><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/LRfsSUVN90Q" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/224/mayo-clinic-forms-joint-venture-with-cancer-genetics</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics Signs Agreement with MultiPlan</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/-bXjQpATRiw/cancer-genetics-signs-agreement-with-multiplan</link>
      <pubDate>Tue, 21 May 2013 08:00:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/214/cancer-genetics-signs-agreement-with-multiplan</guid>
<content:encoded><![CDATA[<html><body>
<p>    RUTHERFORD, N.J.--
      Cancer Genetics, Inc. (OTCQB: CGIX) ("CGI" or the "Company"), a leader
      in oncology-focused personalized medicine, has entered into an agreement
      with MultiPlan, Inc. (&ldquo;MultiPlan&rdquo;), the industry&rsquo;s most comprehensive
      provider of healthcare cost management solutions.
    </p>
    <p>
      As a participating provider in the PHCS and MultiPlan networks, CGI will
      be able to offer providers with its cutting-edge proprietary tests and
      testing services in hematological and urogenital cancers. MultiPlan
      contracts with 900,000 healthcare providers across the United States,
      and has an estimated 57 million consumers accessing MultiPlan network
      products.
    </p>
    <p>
      Dr. Anthony Sposato, MultiPlan Vice President &amp; Corporate Medical
      Director, stated, &ldquo;The inclusion of CGI&rsquo;s oncology-focused testing
      services and proprietary tests are a welcome addition to our provider
      networks, allowing for efficient incorporation of genomic information in
      patient care.&rdquo;
    </p>
    <p>
      &ldquo;This is a tremendous opportunity for us and further validates our
      position in cancer diagnostics,&rdquo; stated Panna Sharma, president and CEO
      of CGI. &ldquo;We expect the MultiPlan agreement to increase access to our
      oncology-focused services for patients and clinicians while providing
      the potential to streamline reimbursements.&rdquo;
    </p>
    <p>
      <b>About Cancer Genetics</b>
    </p>
    <p>
      Cancer Genetics, Inc. (CGI) is an emerging leader in DNA-based cancer
      diagnostics and services&nbsp;some of the most prestigious medical
      institutions in the world. Our tests target cancers that are difficult
      to diagnose and predict treatment outcomes. These cancers include
      hematological, urogenital and HPV-associated cancers.
    </p>
    <p>
      We also offer a comprehensive range of non-proprietary oncology-focused
      tests and laboratory services that provide critical genomic information
      to healthcare professionals as well as biopharma and biotech. Our
      state-of-the-art reference lab is focused entirely on maintaining
      clinical excellence and is both CLIA certified and CAP accredited and
      has licensure from several states including New York State.
    </p>
    <p>
      CGI has established strong research collaborations with major cancer
      centers such as Memorial Sloan-Kettering, The Cleveland Clinic and the
      National Cancer Institute. For further information, please see&nbsp;<a href="http://www.cancergenetics.com">www.cancergenetics.com</a>.
    </p>
    <p>
      <b>About MultiPlan</b>
    </p>
    <p>
      MultiPlan, Inc. is the industry&rsquo;s most comprehensive provider of
      healthcare cost management solutions. The company provides a single
      gateway to a host of primary, complementary and out-of-network
      strategies for managing the financial risks associated with healthcare
      claims. Clients include insurers/health plans, third-party
      administrators, self-funded employers, HMOs and other entities that pay
      medical bills in the commercial healthcare, government, workers
      compensation and auto markets. MultiPlan is owned by BC Partners, a
      leading international private equity firm, and SilverLake, the world&rsquo;s
      largest private investor in technology. For more information, visit <a href="http://www.MultiPlan.com">www.MultiPlan.com</a>.
    </p>
    <p>
      <b>Forward Looking Statements</b>
    </p>
    <p>
      <i>This press release contains forward-looking statements within the
      meaning of the Private Securities Litigation Reform Act of 1995. All
      statements pertaining to future financial and/or operating results,
      future growth in research, technology, clinical development and
      potential opportunities for Cancer Genetics, Inc. products and services,
      along with other statements about the future expectations, beliefs,
      goals, plans, or prospects expressed by management constitute
      forward-looking statements.</i> <i>Any statements that are not
      historical fact (including, but not limited to, statements that contain
      words such as &ldquo;will,&rdquo; &ldquo;believes,&rdquo; &ldquo;plans,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;expects,&rdquo;
      &ldquo;estimates&rdquo;) should also be considered to be forward-looking statements.
      Forward-looking statements involve risks and uncertainties, including,
      without limitation, risks inherent in the development and/or
      commercialization of potential products, uncertainty in the results of
      clinical trials or regulatory approvals, need and ability to obtain
      future capital, and maintenance of intellectual property rights and
      other risks discussed in the Company&rsquo;s Form 10-Q for the quarter ended
      March 31, 2013 and other filings with the Securities and Exchange
      Commission. These forward-looking statements speak only as of the date
      hereof. Cancer Genetics disclaims any obligation to update these
      forward-looking statements.</i>
    </p>
  <p><span class="bwct31415"></span></p>



    <p>
      Investor Relations<br>RedChip Companies, Inc.<br>Jon Cunningham,
      800-733-2447, ext. 107<br><a href="mailto:jon@redchip.com">jon@redchip.com</a>
    </p>


<p>Source: Cancer Genetics, Inc.</p>
</body></html><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/-bXjQpATRiw" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/214/cancer-genetics-signs-agreement-with-multiplan</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics to Attend ASCO Annual Meeting</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/qVYDmmArxhM/cancer-genetics-to-attend-asco-annual-meeting</link>
      <pubDate>Mon, 20 May 2013 17:38:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/204/cancer-genetics-to-attend-asco-annual-meeting</guid>
<content:encoded><![CDATA[<html><body>
<p>    RUTHERFORD, N.J.--
      Cancer Genetics, Inc. (OTCQB: CGIX) ("CGI" or the "Company"), a leader
      in oncology-focused personalized medicine, will attend for the first
      time the 2013 American Society of Clinical Oncology (&ldquo;ASCO&rdquo;) Annual
      Meeting on May 31-June 4, 2013 at McCormick Place in Chicago. CGI will
      be at stand number 19120 during the event.
    </p>
    <p>
      The ASCO Annual Meeting brings together more than 25,000 oncology
      professionals from a broad range of specialties to discuss challenges
      and developments in cancer care and research.
    </p>
    <p>
      Fitting with the theme of this year&rsquo;s meeting, &ldquo;Building Bridges to
      Conquer Cancer,&rdquo; CGI has established research collaborations with
      premier institutions including Memorial Sloan-Kettering Cancer Center,
      National Cancer Institute, Cleveland Clinic and Mayo Clinic. These and
      other efforts have resulted in the Company&rsquo;s commercial launch of
      multiple proprietary tests for the diagnosis and treatment management of
      hematological and urogenital cancers.
    </p>
    <p>
      CGI diagnostic tests include MatBA&reg;, based on proven genomic data for
      the clinical management of hematological cancers, and UroGenRA&trade;,
      designed for kidney cancer diagnosis and subtyping.
    </p>
    <p>
      In addition to presenting these proprietary tests to healthcare
      professionals, CGI plans to meet with biopharmas as well. CGI&rsquo;s Select
      One&trade; program, launched in early 2012 to serve the clinical trial needs
      of biopharmas, has shown constant growth since its inception. The
      Company looks forward to creating new opportunities at the ASCO meeting.
    </p>
    <p>
      To learn more about the 2013 ASCO Annual Meeting, visit <a href="http://chicago2013.asco.org">http://chicago2013.asco.org</a>.
    </p>
    <p>
      <b>About Cancer Genetics, Inc.</b>
    </p>
    <p>
      Cancer Genetics, Inc. (CGI) is an emerging leader in DNA-based cancer
      diagnostics and services&nbsp;some of the most prestigious medical
      institutions in the world. Our tests target cancers that are difficult
      to diagnose and predict treatment outcomes. These cancers include
      hematological, urogenital and HPV-associated cancers.
    </p>
    <p>
      We also provide a comprehensive range of non-proprietary
      oncology-focused tests and laboratory services that provide critical
      genomic information to healthcare professionals as well as biopharma and
      biotech. Our state-of-the-art reference lab is focused entirely on
      maintaining clinical excellence and is both CLIA certified and CAP
      accredited and has licensure from several states including New York
      State.
    </p>
    <p>
      CGI has established strong research collaborations with major cancer
      centers such as Memorial Sloan-Kettering, The Cleveland Clinic and the
      National Cancer Institute. For further information, please see&nbsp;<a href="http://www.cancergenetics.com">www.cancergenetics.com</a>.
    </p>
    <p>
      <b>Forward Looking Statements</b>
    </p>
    <p>
      <i>This press release contains forward-looking statements within the
      meaning of the Private Securities Litigation Reform Act of 1995. All
      statements pertaining to future financial and/or operating results,
      future growth in research, technology, clinical development and
      potential opportunities for Cancer Genetics, Inc. products and services,
      along with other statements about the future expectations, beliefs,
      goals, plans, or prospects expressed by management constitute
      forward-looking statements.</i> <i>Any statements that are not
      historical fact (including, but not limited to, statements that contain
      words such as &ldquo;will,&rdquo; &ldquo;believes,&rdquo; &ldquo;plans,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;expects,&rdquo;
      &ldquo;estimates&rdquo;) should also be considered to be forward-looking statements.
      Forward-looking statements involve risks and uncertainties, including,
      without limitation, risks inherent in the development and/or
      commercialization of potential products, uncertainty in the results of
      clinical trials or regulatory approvals, need and ability to obtain
      future capital, and maintenance of intellectual property rights and
      other risks discussed in the Company&rsquo;s Form 10-Q for the quarter ended
      March 31, 2013 and other filings with the Securities and Exchange
      Commission. These forward-looking statements speak only as of the date
      hereof. Cancer Genetics disclaims any obligation to update these
      forward-looking statements.</i>
    </p>
    <p>
    </p>
    <p class="bwalignc">
    </p>
  <p><span class="bwct31415"></span></p>



    <p>
      Investor Relations<br>RedChip Companies, Inc.<br>Jon Cunningham,
      800-733-2447, ext. 107<br><a href="mailto:jon@redchip.com">jon@redchip.com</a>
    </p>


<p>Source: Cancer Genetics, Inc.</p>
</body></html><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/qVYDmmArxhM" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/204/cancer-genetics-to-attend-asco-annual-meeting</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics Announces First Quarter 2013 Financial Results and Significant Business and Portfolio Progress</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/EnELbVaxZEI/cancer-genetics-announces-first-quarter-2013-financial-results-and-significant-business-and-portfolio-progress</link>
      <pubDate>Wed, 15 May 2013 17:28:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/194/cancer-genetics-announces-first-quarter-2013-financial-results-and-significant-business-and-portfolio-progress</guid>
<content:encoded><![CDATA[<html><body>
<p class="bwalignc">
      <b>First quarter revenue increased 46% YoY</b><br><b>Clinical test
      volume increased 19% YoY</b><br><b>Institutional client base grows to
      42% of revenues</b><br><b>DNA-Probe product manufacturing moved to
      India, reducing cost of goods</b>
    </p>
    <p class="bwalignc">
    </p>



    <p>    RUTHERFORD, N.J.--
      Cancer Genetics, Inc. (OTCQB: CGIX) ("CGI" or the "Company") is an
      emerging leader in the diagnosis and disease management for the most
      complex and difficult-to-treat cancers, including hematologic,
      urogenital, and gynecological malignancies. CGI&rsquo;s focused portfolio of
      IP-protected and clinically validated genomic tests, CAP- and
      CLIA-certified reference laboratory, and suite of unique service
      offerings are ideally positioned to serve the needs of clinicians,
      pathologists and laboratories across the entire ecosystem of cancer
      diagnosis and treatment.&nbsp;CGI today reported financial results for the
      quarter ended March 31, 2013.
    </p>
    <p>
      Revenue for the first quarter of 2013 increased 46% to $1.2 million,
      compared with $835,000 in the first quarter of 2012.
    </p>
    <p>
      Clinical test volume increased 19% to 1,911 tests in the first quarter,
      compared with 1,610 tests in the first quarter of 2012.
    </p>
    <p>
      Average revenue per test increased 23% to $615, from $502 in the first
      quarter of 2012, driven by an increase in direct bill revenue.
    </p>
    <p>
      DNA-probe sales by the Company&rsquo;s wholly-owned subsidiary, CGI Italia,
      increased 193% to $44,000 for the first quarter of 2013, from $15,000
      for the same period of 2012.
    </p>
    <p>
      Gross profit increased to $149,000 in the first quarter, from $12,000
      for the same period of 2012, while gross margin improved to 12% compared
      to 1% in the first quarter of 2012 and 9% for the full year 2012.
    </p>
    <p>
      Adjusted for a one-time write off of $618,000 in IPO-related costs,
      operating expenses were unchanged at $1.8 million in the first quarter,
      compared to the same period of 2012. R&amp;D expense remained relatively
      flat at $491,000, compared to $524,000 in the first quarter of 2012.
      Sales and marketing expense increased 16% to $396,000 in the first
      quarter, from $340,000 in the year-ago period.
    </p>
    <p>
      Adjusted for the one-time write off in IPO-related costs, loss from
      operations in the first quarter was $1.7 million, compared to $1.8
      million in the same period of 2012.
    </p>
    <p>
      Net income for the first quarter was $2.4 million, or $1.75 per share,
      compared to a net loss of $1.1 million, or ($0.81) per share, in the
      first quarter of 2012. This increase in income was primarily the result
      of income related to a $5.3 million decrease in the fair value of
      derivative warrant liability, plus an income tax benefit of $664,000
      from the sale of certain net operating losses (&ldquo;NOLs&rdquo;) in the state of
      New Jersey. These gains were partially offset by the increase in
      operating loss and an increase in interest expense. Interest expense
      increased from $865,000 in the first quarter of 2012 to $1.3 million in
      the first quarter of 2013. As of the Company&rsquo;s initial public offering
      in April, $9.6 million of debt was converted to equity, which is
      expected to significantly decrease interest expense going forward.
    </p>
    <p>
      In April, CGI completed a 690,000 share equity offering, including the
      90,000 share overallotment option, for which the Company received gross
      proceeds of $6.9 million. After deducting transaction fees and
      offering-related expenses not previously paid, CGI netted approximately
      $5.0 million. Prior to the offering, as of March 31, cash-on-hand was
      $217,000, compared to $820,000 at December 31, 2012. Cash used in
      operations in the first quarter was $560,000, compared to $3.2 million
      cash used in the first quarter of 2012. The reduction in cash usage was
      the result of $664,000 received in the first quarter of 2013 from the
      sale of certain state tax NOLs, plus the non-recurrence of $2.1 million
      in one-time payments that were made in the first quarter of 2012.
    </p>
    <p>
      Panna Sharma, President and CEO of CGI, commented, &ldquo;We made significant
      progress during this past quarter, and it places us in a great position
      for 2013. The growth in clinical volumes has been due to both new
      relationships with community hospitals and biotechnology companies using
      our proprietary programs and from existing customers expanding the range
      of oncology-focused biomarker testing CGI is providing them. We see this
      past quarter, which was completed prior to our IPO, as a good foundation
      for further growth in 2013 as we continue our investment in sales
      professionals, marketing and brand awareness.&rdquo;
    </p>
    <p>
      Mr. Sharma continued, &ldquo;The recent launches of our microarrays in our
      hematological and urogenital franchises, namely our DLBCL and kidney
      cancer tests, clearly demonstrate our ability to effectively innovate
      and develop the genomic products that will help drive improved
      diagnosis, deeper insights about outcome, and better therapeutic
      decision making. Our relationship with Gilead, which was announced in
      March,&nbsp;clearly highlights the value and future growth that our
      proprietary products can generate for our company. We expect further
      launches in 2013 that will increase our portfolio of commercially
      available genomic tests and drive additional value for community
      hospitals, biopharma companies and patients.&rdquo;
    </p>
    <p>
      &ldquo;We have a deep knowledge base in these underserved cancers; this,
      coupled with our approach to commercialization, will be a cornerstone
      for our joint venture with Mayo Clinic in next-generation sequencing. We
      believe our investors will be able to participate in both a high-growth
      genomics company serving the market today, and participate in the
      long-term upside of proprietary programs that are positioned to change
      the nature of oncology diagnosis and management in the future.&rdquo;
    </p>
    <p>
      <b>Recent Business Highlights:</b>
    </p>
    <ul>
<li class="bwlistitemmargb">
        Selected by Gilead Sciences to provide molecular profiling and
        clinical trial testing for all national and international trials for
        chronic lymphocytic leukemia (CLL), which will include the proprietary
        MatBA-CLL array.
      </li>
      <li class="bwlistitemmargb">
        Successfully completed migration of DNA-Probe manufacturing to India
        in order to reduce cost, increase capacity and improve operational
        flexibility.
      </li>
      <li class="bwlistitemmargb">
        Launched unique genomic microarrays for lymphoma (MatBA&reg;-DLBCL) in
        February 2013 and kidney cancer (UroGenRA&trade;-Renal) in April 2013 that
        have been approved by both CLIA and New York State.
      </li>
      <li class="bwlistitemmargb">
        Expanded clinical sales force into Midwestern United States and Texas.
      </li>
      <li class="bwlistitemmargb">
        Established distribution partnership with Nikon Instruments for sale
        of CGI&rsquo;s DNA-Probe portfolio into Italy and Europe as a key component
        of their cytogenetic fluorescent microscope equipment offering.
      </li>
    </ul>
<p>
      <b>Meetings &amp; Presentations</b>
    </p>
    <ul>
<li class="bwlistitemmargb">
        Presenting at UBS Global Healthcare Conference on May 22 at 12:30 p.m.
        ET
      </li>
      <li class="bwlistitemmargb">
        Presenting at Marcum MicroCap Conference on May 30
      </li>
      <li class="bwlistitemmargb">
        Attending the ASCO Annual Meeting from May 31-June 4
      </li>
      <li class="bwlistitemmargb">
        Moderating the BioNJ Diagnostics &amp; Personalized Medicine Panel on June
        6 at the Annual BioNJ Personalized Medicine Innovation Summit
      </li>
    </ul>
<p>
      <b>Conference Call Details:</b>
    </p>
    <p>
      CGI will hold a conference call on Thursday, May 16, 2013, at 9:00 a.m.
      Eastern time to discuss its results for the first quarter ended March
      31, 2013. To participate in the call, please dial (877) 941-1428, or
      (480) 629-9665 for international calls, approximately 10 minutes prior
      to the scheduled start time. Interested parties can also listen via a
      live Internet webcast, which can be found via the Company's website at <a href="http://ir.stockpr.com/cancergenetics/events">http://ir.stockpr.com/cancergenetics/events</a>,
      or alternately at <a href="http://ViaVid.net">http://ViaVid.net</a>.
    </p>
    <p>
      A replay of the call will be available for two weeks from 5:00 p.m. ET
      on May 16, 2013, until 11:59 p.m. ET on May 30, 2013. The number for the
      replay is (877) 870-5176, or (858) 384-5517 for international calls; the
      passcode for the replay is 4619856. In addition, a recording of the call
      will be available via the Company's website at <a href="http://www.cancergenetics.com">http://www.cancergenetics.com</a>.
    </p>
    <p>
      <b>About Cancer Genetics</b>
    </p>
    <p>
      Cancer Genetics, Inc. (CGI) is an emerging leader in DNA-based cancer
      diagnostics and services&nbsp;some of the most prestigious medical
      institutions in the world. Our tests target cancers that are difficult
      to diagnose and predict treatment outcomes. These cancers include
      hematological, urogenital and HPV-associated cancers. We also provide a
      comprehensive range of non-proprietary oncology-focused tests and
      laboratory services.
    </p>
    <p>
      CGI&rsquo;s cutting-edge proprietary tests and state-of-the-art reference
      laboratory provide critical genomic information to healthcare
      professionals as well as biopharma and biotech. Our state-of-the-art
      reference lab is focused entirely on maintaining clinical excellence and
      is both CLIA certified and CAP accredited and has licensure from several
      states including New York State.
    </p>
    <p>
      Founded in 1999 by world-renowned cytogeneticist Dr. R.S.K. Chaganti,
      the Company has been built on a foundation of world-class scientific
      knowledge and IP in solid and blood-borne cancers, and has established
      strong research collaborations with major cancer centers such as
      Memorial Sloan-Kettering, The Cleveland Clinic and the National Cancer
      Institute. For further information, please see&nbsp;<a href="http://www.cancergenetics.com">www.cancergenetics.com</a>.
    </p>
    <p>
      <b>Forward Looking Statements</b>
    </p>
    <p>
      <i>This press release contains forward-looking statements within the
      meaning of the Private Securities Litigation Reform Act of 1995. All
      statements pertaining to future financial and/or operating results,
      future growth in research, technology, clinical development and
      potential opportunities for Cancer Genetics, Inc. products and services,
      along with other statements about the future expectations, beliefs,
      goals, plans, or prospects expressed by management constitute
      forward-looking statements.</i> <i>Any statements that are not
      historical fact (including, but not limited to, statements that contain
      words such as &ldquo;will,&rdquo; &ldquo;believes,&rdquo; &ldquo;plans,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;expects,&rdquo;
      &ldquo;estimates&rdquo;) should also be considered to be forward-looking statements.
      Forward-looking statements involve risks and uncertainties, including,
      without limitation, risks inherent in the development and/or
      commercialization of potential products, uncertainty in the results of
      clinical trials or regulatory approvals, need and ability to obtain
      future capital, and maintenance of intellectual property rights and
      other risks discussed in the Company&rsquo;s Form 10-Q for the quarter ended
      March 31, 2013 and other filings with the Securities and Exchange
      Commission. These forward-looking statements speak only as of the date
      hereof. Cancer Genetics disclaims any obligation to update these
      forward-looking statements.</i>
    </p>
    <table cellspacing="0" class="bwtablemarginb">
<tr>
<td>
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td colspan="3">
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignc" colspan="12">
          <b>Consolidated Balance Sheets</b>
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignc" colspan="12">
          <b>(Unaudited)</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0  bwvertalignt bwalignc" colspan="3">
          <b>March 31,</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc" colspan="3">
          <b>2013</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0  bwvertalignt bwalignc" colspan="3">
          <b>December 31,</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0  bwvertalignt bwalignc bwsinglebottom" colspan="3">
          <b>(Unaudited)</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3">
          <b>2012</b>
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          <b>ASSETS</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          CURRENT ASSETS
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Cash and cash equivalents
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          216,872
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          819,906
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Accounts receivable, net of allowance for doubtful accounts of
          $36,000
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          1,124,893
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          850,545
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3 bwpadb1  bwvertalignt bwalignl">
          Other current assets
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          598,631
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          489,278
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl7 bwpadb1  bwvertalignt bwalignl">
          <b>Total current assets</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          1,940,396
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          2,159,729
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0 bwpadb1  bwvertalignt bwalignl">
          FIXED ASSETS, net of accumulated depreciation
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          899,049
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          964,923
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          OTHER ASSETS
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Security deposits
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          1,564
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          1,564
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Restricted cash
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          250,000
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          250,000
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Loan guarantee and financing fees, net of accumulated
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl6  bwvertalignt bwalignl">
          amortization of 2013 $1,334,610; 2012 $929,498
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          1,516,631
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          1,907,502
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Patents
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          329,309
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          324,764
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3 bwpadb1  bwvertalignt bwalignl">
          Deferred initial public offering costs
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          2,473,763
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          3,343,289
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          4,571,267
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          5,827,119
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0 bwpadb3  bwvertalignt bwalignl">
          <b>Total Assets</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          7,410,712
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          8,951,771
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          <b>LIABILITIES AND STOCKHOLDERS' DEFICIT</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          CURRENT LIABILITIES
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Accounts payable and accrued expenses
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          4,885,145
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          4,578,761
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Obligations under capital leases, current portion
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          20,464
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          17,158
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Deferred revenue
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          676,327
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          468,010
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Notes payable, current portion
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          4,530,640
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          3,836,567
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3 bwpadb1  bwvertalignt bwalignl">
          Line of credit
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          2,989,577
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          2,871,200
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl7  bwvertalignt bwalignl">
          <b>Total current liabilities</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          13,102,153
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          11,771,696
        </td>
        <td>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          Obligations under capital leases
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          7,490
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          Deferred rent payable
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          165,920
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          164,298
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          Notes payable, long-term
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          2,148,494
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          2,440,683
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          Line of credit
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          6,000,000
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          6,000,000
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl0 bwpadb1  bwvertalignt bwalignl">
          Warrant liability
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          7,518,000
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          12,549,000
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          <b>Total liabilities</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          28,934,567
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          32,933,167
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          STOCKHOLDERS' DEFICIT
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Series A Preferred Stock, authorized 588,000 shares $0.0001 par
          value (converted
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          to common stock on April 10, 2013), 587,691 shares issued and
          outstanding
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          59
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          59
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Series B Preferred Stock, authorized 2,000,000 shares $0.0001 par
          value (converted to
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          common stock on April 10, 2013), 1,821,600 shares issued and
          outstanding
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          182
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          182
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Common stock, authorized 100,000,000 and 24,000,000 shares,
          respectively, $0.0001
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          par value, 1,349,936 shares issued and outstanding
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          135
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          135
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Additional paid-in capital
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          25,067,388
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          24,970,255
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Treasury stock
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (17,442
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl3 bwpadb1  bwvertalignt bwalignl">
          Accumulated deficit
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (46,591,619
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (48,934,585
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl0 bwpadb1  bwvertalignt bwalignl">
          <b>Total Stockholders' Deficit</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (21,523,855
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (23,981,396
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl0 bwpadb3  bwvertalignt bwalignl">
          <b>Total Liabilities and Stockholders' Deficit</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          7,410,712
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          8,951,771
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
</table>
<table cellspacing="0" class="bwtablemarginb">
<tr>
<td colspan="13">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignc" colspan="13">
          <b>Consolidated Statements of Operations</b>
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignc" colspan="13">
          <b>(Unaudited)</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td colspan="3">
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0  bwvertalignt bwalignc" colspan="8">
          <b>Three Months Ended March 31,</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3">
          <b>2013</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3">
          <b>2012</b>
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          <b>Revenue</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          1,218,667
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          834,752
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl0 bwpadb1  bwvertalignt bwalignl">
          <b>Cost of revenues</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          1,070,020
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          823,052
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl6 bwpadb1  bwvertalignt bwalignl">
          <b>Gross profit</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          148,647
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          11,700
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          Operating expenses:
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Research and development
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          490,577
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          523,511
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          General and administrative
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          1,570,629
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          936,157
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3 bwpadb1  bwvertalignt bwalignl">
          Sales and marketing
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          396,554
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          339,568
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl6 bwpadb1  bwvertalignt bwalignl">
          <b>Total operating expenses</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          2,457,760
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          1,799,236
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl6  bwvertalignt bwalignl">
          <b>Loss from operations</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (2,309,113
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (1,787,536
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          Other income (expense):
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Interest expense
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (1,293,985
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (864,981
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl3  bwvertalignt bwalignl">
          Interest income
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          606
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3 bwpadb1  bwvertalignt bwalignl">
          Change in fair value of warrant liability
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          5,299,000
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          1,580,000
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl6 bwpadb1  bwvertalignt bwalignl">
          <b>Total other income (expense)</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          4,005,621
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          715,019
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl6  bwvertalignt bwalignl">
          <b>Income (loss) before income taxes</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          1,696,508
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (1,072,517
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl3 bwpadb1  bwvertalignt bwalignl">
          Income tax provision (benefit)
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (663,900
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          -
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl6 bwpadb3  bwvertalignt bwalignl">
          <b>Net income (loss)</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          2,360,408
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          (1,072,517
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom">
          )
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0 bwpadb3  bwvertalignt bwalignl">
          Basic net income (loss) per share
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          1.75
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          (0.81
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl0 bwpadb3  bwvertalignt bwalignl">
          Diluted net loss per share
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          (2.18
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          (1.85
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwdoublebottom">
          )
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0 bwpadb3  bwvertalignt bwalignl">
          Basic Weighted Average Shares Outstanding
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          1,349,936
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          1,329,279
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0 bwpadb3  bwvertalignt bwalignl">
          Diluted Weighted Average Shares Outstanding
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          1,349,936
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          1,433,182
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
</table>
<table cellspacing="0" class="bwtablemarginb">
<tr>
<td colspan="13">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignc" colspan="13">
          <b>Consolidated Statements of Cash Flows</b>
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignc" colspan="13">
          <b>(Unaudited)</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td class="bwpadl0  bwvertalignt bwalignc" colspan="8">
          <b>Three Months Ended March 31,</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3">
          <b>2013</b>
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom" colspan="3">
          2012
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          CASH FLOWS FROM OPERATING ACTIVITIES
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Net income (loss)
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          2,360,408
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (1,072,517
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Adjustments to reconcile net income (loss) to net cash
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          used in operating activities:
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          Depreciation
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          77,783
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          82,963
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          Amortization
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          3,807
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          3,807
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          Provision for bad debts
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          48,931
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          Equity-based consulting and compensation expenses
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          97,133
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          276,867
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          Change in fair value of warrant liability
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (5,299,000
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (1,580,000
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          Amortization of loan guarantee and financing fees
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          407,871
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          244,336
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          Accretion of discount on debt
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          538,911
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          404,150
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          Deferred rent
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          1,622
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          1,997
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          Deferred initial public offering costs expensed
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          617,706
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl4  bwvertalignt bwalignl">
          Change in working capital components:
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl6  bwvertalignt bwalignl">
          Accounts receivable
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (274,348
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (110,000
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl6  bwvertalignt bwalignl">
          Other current assets
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          10,647
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (152,969
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl6 bwpadb1  bwvertalignt bwalignl">
          Accounts payable, accrued expenses and deferred revenue
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          897,521
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (1,350,859
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl8 bwpadb1  bwvertalignt bwalignl">
          <b>Net cash (used in) operating activities</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (559,939
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (3,203,294
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          CASH FLOWS FROM INVESTING ACTIVITIES
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Purchase of fixed assets
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (11,909
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (7,677
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Patent costs
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (8,352
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (43,201
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl2 bwpadb1  bwvertalignt bwalignl">
          Increase in restricted cash
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          -
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (50,000
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl8 bwpadb1  bwvertalignt bwalignl">
          <b>Net cash (used in) investing activities</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (20,261
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (100,878
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          CASH FLOWS FROM FINANCING ACTIVITIES
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Principal payments on capital lease obligations
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (4,184
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (10,569
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Payment of equity issuance costs
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (688,969
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Proceeds from warrant exercises
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          619,980
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Proceeds from borrowings on notes payable
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          3,000,000
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl2 bwpadb1  bwvertalignt bwalignl">
          Principal payments on notes payable
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (18,650
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          -
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl8 bwpadb1  bwvertalignt bwalignl">
          <b>Net cash provided by (used in) financing activities</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          (22,834
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl bwsinglebottom">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          2,920,442
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl8  bwvertalignt bwalignl">
          <b>Net (decrease) in cash and cash equivalents</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (603,034
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          (383,730
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignl">
          )
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          CASH AND CASH EQUIVALENTS
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl2 bwpadb1  bwvertalignt bwalignl">
          Beginning
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          819,906
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwsinglebottom">
          2,417,256
        </td>
        <td class="bwsinglebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl2 bwpadb3  bwvertalignt bwalignl">
          Ending
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          216,872
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr bwdoublebottom">
          2,033,526
        </td>
        <td class="bwdoublebottom">
          &nbsp;
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          SUPPLEMENTAL CASH FLOW DISCLOSURE
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Cash paid for interest
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          128,215
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          241,987
        </td>
        <td>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          SUPPLEMENTAL DISCLOSURE OF NONCASH
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          INVESTING AND FINANCING ACTIVITIES
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Warrants issued for financing fees
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          47,000
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          $
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Warrants issued with debt
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          940,000
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Warrants issued for debt guarantee fee
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          1,061,000
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Accrued IPO costs
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          601,430
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Payment of accrued IPO costs
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          162,878
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          IPO costs discounted
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          733,250
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          IPO costs reclassified to accounts receivable
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          120,000
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td colspan="3">
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Accrued expenses reclassified as derivative warrant liability
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          221,000
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Accrued expenses recorded as financing fees
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          147,000
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl2  bwvertalignt bwalignl">
          Retirement of treasury stock
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          17,442
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignr">
          -
        </td>
        <td>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
</table>
<table cellspacing="0" class="bwtablemarginb">
<tr>
<td colspan="6">
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignc" colspan="6">
          <b>RECONCILIATION OF GAAP OPERATING EXPENSES TO NON-GAAP ADJUSTED
          OPERATING EXPENSES</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
          &nbsp;
        </td>
        <td>
          &nbsp;
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
        <td>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0  bwvertalignt bwalignc" colspan="3">
          <b>For the Three Months Ended</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0  bwvertalignt bwalignc bwsinglebottom" colspan="3">
          <b>March 31,</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
          <b>2013</b>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
          <b>2012</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          <b>Operating Expenses</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc">
          <b>2,458</b>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc">
          <b>1,799</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          <i>Adjustments to Operating Expense</i>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3 bwpadb1  bwvertalignt bwalignl">
          One-Time Write Off of IPO Costs
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
          618
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
          -
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          <b>Adjusted Operating Expenses</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc">
          <b>1,840</b>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc">
          <b>1,799</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl" colspan="6">
          <p class="bwcellpmargin">
            The non-GAAP metric above is not a substitute for GAAP but is
            viewed as useful
          </p>
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl" colspan="6">
          <p class="bwcellpmargin">
            by management this quarter because of its recent IPO.
          </p>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignc" colspan="6">
          <b>RECONCILIATION OF GAAP LOSS FROM OPERATIONS TO NON-GAAP ADJUSTED
          LOSS FROM OPERATIONS</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0  bwvertalignt bwalignc" colspan="3">
          <b>For the Three Months Ended</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0  bwvertalignt bwalignc bwsinglebottom" colspan="3">
          <b>March 31,</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
          <b>2013</b>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
          <b>2012</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          <b>Loss from Operations</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc">
          <b>(2,309)</b>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc">
          <b>(1,788)</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          <i>Adjustments to Loss from Operations</i>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
      </tr>
<tr>
<td class="bwpadl3 bwpadb1  bwvertalignt bwalignl">
          One-Time Write Off of IPO Costs
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
          618
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc bwsinglebottom">
          -
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl">
          <b>Adjusted Loss from Operations</b>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc">
          <b>(1,691)</b>
        </td>
        <td>
        </td>
        <td class="bwpadl0 bwnowrap bwpadr0 bwvertalignb bwalignc">
          <b>(1,788)</b>
        </td>
      </tr>
<tr>
<td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
        </td>
        <td>
          &nbsp;
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl" colspan="6">
          <p class="bwcellpmargin">
            The non-GAAP metric above is not a substitute for GAAP but is
            viewed as useful
          </p>
        </td>
      </tr>
<tr>
<td class="bwpadl0  bwvertalignt bwalignl" colspan="6">
          <p class="bwcellpmargin">
            by management this quarter because of its recent IPO.
          </p>
        </td>
      </tr>
<tr>
<td class="bwpadl1  bwvertalignt bwalignl" colspan="6">
          <p class="bwcellpmargin">
            &nbsp;
          </p>
        </td>
      </tr>
</table>
<p>
    </p>
  <p><span class="bwct31415"></span></p>



    <p>
      Investor Relations<br>RedChip Companies, Inc.<br>Jon Cunningham,
      800-733-2447, ext. 107<br><a href="mailto:jon@redchip.com">jon@redchip.com</a>
    </p>


<p>Source: Cancer Genetics, Inc.</p>
</body></html><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/EnELbVaxZEI" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/194/cancer-genetics-announces-first-quarter-2013-financial-results-and-significant-business-and-portfolio-progress</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics to Sponsor and Host Roundtable at BioNJ Diagnostics &amp; Personalized Medicine Innovation Summit</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/T72r55gVSmQ/cancer-genetics-to-sponsor-and-host-roundtable-at-bionj-diagnostics-personalized-medicine-innovation-summit</link>
      <pubDate>Tue, 14 May 2013 17:44:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/184/cancer-genetics-to-sponsor-and-host-roundtable-at-bionj-diagnostics-personalized-medicine-innovation-summit</guid>
<content:encoded><![CDATA[<html><body>
<p>    RUTHERFORD, N.J.--
      Cancer Genetics, Inc. (OTCQB: CGIX) ("CGI" or the "Company"), a leader
      in oncology-focused personalized medicine, will sponsor and host a
      roundtable discussion at the second annual BioNJ Diagnostics &amp;
      Personalized Medicine Innovation Summit on Thursday, June 6, 2013 at
      Sanofi&rsquo;s U.S. headquarters in Bridgewater, NJ.
    </p>
    <p>
      The BioNJ Diagnostics &amp; Personalized Medicine Innovation Summit will
      bring together leaders from major global biotechnology and
      pharmaceutical companies, diagnostics companies, and emerging
      &ldquo;innovator&rdquo; companies to discuss the latest trends, developments and
      challenges in the evolution and adoption of personalized medicine. The
      all-day event will include company presentations, networking
      opportunities, and moderated panel discussions focused on research and
      commercialization challenges in diagnostics and personalized medicine.
    </p>
    <p>
      Panna Sharma, CEO and President of CGI, will moderate a morning
      roundtable discussion that will offer a cross-industry perspective from
      thought leaders and operators in the frontline of driving personalized
      medicine. The panel will discuss trends and strategies that are emerging
      among leading companies in personalized medicine. Panelists include:
    </p>
    <ul>
<li class="bwlistitemmargb">
        <b>G. Steven Burrill</b>, CEO, Burrill &amp; Company
      </li>
      <li class="bwlistitemmargb">
        <b>Sam Chawla,</b> Managing Director Global Head of Diagnostics and
        Tools, UBS Investment Bank
      </li>
      <li class="bwlistitemmargb">
        <b>Kevin DeGeeter,</b> Managing Director Personalized Medicine
        Research Analyst, Ladenburg Thalmann &amp; Co.
      </li>
      <li class="bwlistitemmargb">
        <b>Sung Ji Nam</b>, Life Science Tools &amp; Diagnostics Analyst, Cantor
        Fitzgerald
      </li>
      <li class="bwlistitemmargb">
        <b>Frank Prendergast, M.D., Ph.D.</b>, Professor of Biochemistry &amp;
        Molecular Biology and Professor of Molecular Pharmacology &amp;
        Experimental Therapeutics,&nbsp;The Mayo Clinic
      </li>
    </ul>
<p>
      To learn more about the BioNJ Diagnostics &amp; Personalized Medicine
      Innovation Summit, visit <a href="http://www.bionj.org/diagnostics-and-personalized-medicine-innovation-summit">http://www.bionj.org/diagnostics-and-personalized-medicine-innovation-summit</a>.
    </p>
    <p>
      <b>About Cancer Genetics, Inc.</b>
    </p>
    <p>
      Cancer Genetics, Inc. (CGI) is an emerging leader in DNA-based cancer
      diagnostics and services&nbsp;some of the most prestigious medical
      institutions in the world. Our tests target cancers that are difficult
      to diagnose and predict treatment outcomes. These cancers include
      hematological, urogenital and HPV-associated cancers. We also provide a
      comprehensive range of non-proprietary oncology-focused tests and
      laboratory services.
    </p>
    <p>
      CGI&rsquo;s cutting-edge proprietary tests and state-of-the-art reference
      laboratory provide critical genomic information to healthcare
      professionals as well as biopharma and biotech. Our state-of-the-art
      reference lab is focused entirely on maintaining clinical excellence and
      is both CLIA certified and CAP accredited and has licensure from several
      states including New York State.
    </p>
    <p>
      Founded in 1999 by world-renowned cytogeneticist Dr. R.S.K. Chaganti,
      the Company has been built on a foundation of world-class scientific
      knowledge and IP in solid and blood-borne cancers, and has established
      strong research collaborations with major cancer centers such as
      Memorial Sloan-Kettering, The Cleveland Clinic and the National Cancer
      Institute. For further information, please see&nbsp;<a href="http://www.cancergenetics.com">www.cancergenetics.com</a>.
    </p>
  <p><span class="bwct31415"></span></p>



    <p>
      Investor Relations<br>RedChip Companies, Inc.<br>Jon Cunningham,
      800-733-2447, ext. 107<br><a href="mailto:jon@redchip.com">jon@redchip.com</a>
    </p>


<p>Source: Cancer Genetics, Inc.</p>
</body></html><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/T72r55gVSmQ" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/184/cancer-genetics-to-sponsor-and-host-roundtable-at-bionj-diagnostics-personalized-medicine-innovation-summit</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics Announces Conference Call to Discuss First Quarter Results</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/zktgyaMxI-s/cancer-genetics-announces-conference-call-to-discuss-first-quarter-results</link>
      <pubDate>Fri, 10 May 2013 09:01:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/174/cancer-genetics-announces-conference-call-to-discuss-first-quarter-results</guid>
<content:encoded><![CDATA[<html><body>
<p>    RUTHERFORD, N.J.--
      Cancer Genetics, Inc. (OTCQB: CGIX) ("CGI" or the "Company"), a leader
      in oncology-focused personalized medicine, will hold a conference call
      on Thursday, May 16, 2013, at 9:00 a.m. Eastern time to discuss its
      results for the first quarter ended March 31, 2013.
    </p>
    <p>
      Cancer Genetics&rsquo; president and chief executive officer, Panna Sharma,
      and chief financial officer, Elizabeth Czerepak, will host the call and
      be available during the question-and-answer session.
    </p>
    <p>
      To participate in the call, please dial (877) 941-1428, or (480)
      629-9665 for international calls, approximately 10 minutes prior to the
      scheduled start time. Interested parties can also listen via a live
      Internet webcast, which can be found via the Company&rsquo;s website at <a href="http://ir.stockpr.com/cancergenetics/events">http://ir.stockpr.com/cancergenetics/events</a>,
      or alternately at <a href="http://ViaVid.net">http://ViaVid.net</a>.
    </p>
    <p>
      A replay of the call will be available for two weeks from 5:00 p.m. ET
      on May 16, 2013, until 11:59 p.m. ET on May 30, 2013. The number for the
      replay is (877) 870-5176, or (858) 384-5517 for international calls; the
      passcode for the replay is 4619856. In addition, a recording of the call
      will be available via the Company&rsquo;s website at <a href="http://www.cancergenetics.com">http://www.cancergenetics.com</a>.
    </p>
    <p>
      <b>About Cancer Genetics, Inc.</b>
    </p>
    <p>
      Cancer Genetics, Inc. (CGI) is an emerging leader in DNA-based cancer
      diagnostics and services&nbsp;some of the most prestigious medical
      institutions in the world. Our tests target cancers that are difficult
      to diagnose and predict treatment outcomes. These cancers include
      hematological, urogenital and HPV-associated cancers. We also provide a
      comprehensive range of non-proprietary oncology-focused tests and
      laboratory services.
    </p>
    <p>
      CGI&rsquo;s cutting-edge proprietary tests and state-of-the-art reference
      laboratory provide critical genomic information to healthcare
      professionals as well as biopharma and biotech. Our state-of-the-art
      reference lab is focused entirely on maintaining clinical excellence and
      is both CLIA certified and CAP accredited and has licensure from several
      states including New York State.
    </p>
    <p>
      Founded in 1999 by world-renowned cytogeneticist Dr. R.S.K. Chaganti,
      the Company has been built on a foundation of world-class scientific
      knowledge and IP in solid and blood-borne cancers, and has established
      strong research collaborations with major cancer centers such as
      Memorial Sloan-Kettering, The Cleveland Clinic and the National Cancer
      Institute. For further information, please see&nbsp;<a href="http://www.cancergenetics.com">www.cancergenetics.com</a>.
    </p>
    <p>
    </p>
  <p><span class="bwct31415"></span></p>



    <p>
      Investor Relations<br>RedChip Companies, Inc.<br>Jon Cunningham,
      800-733-2447, ext. 107<br><a href="mailto:jon@redchip.com">jon@redchip.com</a><br></p>


<p>Source: Cancer Genetics, Inc.</p>
</body></html><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/zktgyaMxI-s" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/174/cancer-genetics-announces-conference-call-to-discuss-first-quarter-results</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics Announces Distribution Partnership with Nikon Instruments</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/Ia9wutkM5AU/cancer-genetics-announces-distribution-partnership-with-nikon-instruments</link>
      <pubDate>Wed, 08 May 2013 07:59:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/164/cancer-genetics-announces-distribution-partnership-with-nikon-instruments</guid>
<content:encoded><![CDATA[<html><body>
<p class="bwalignc">
      <b>The Company&rsquo;s best-in-class cancer diagnostic technologies are
      becoming widely accepted in the global oncology healthcare community</b>
    </p>



    <p>    RUTHERFORD, N.J.--
      Cancer Genetics, Inc.&rsquo;s (OTCQB: CGIX) (&ldquo;CGI&rdquo; or the &ldquo;Company&rdquo;)
      wholly-owned subsidiary, Cancer Genetics Italia, S.r.l. (&ldquo;CGI Italia&rdquo;),
      has entered into an agreement with Nikon Instruments S.p.A. (&ldquo;Nikon&rdquo;)
      for the distribution of oncology-focused DNA Probes intended for
      fluorescence <i>in situ</i> hybridization (&ldquo;FISH&rdquo;) in the Italian
      market. This new partnership extends CGI&rsquo;s global distribution network
      and provides more evidence that its best-in-class cancer diagnostic
      technologies are becoming widely accepted in the global oncology
      healthcare community.
    </p>
    <p>
      FISH allows for the detection of targeted DNA rearrangements commonly
      found in cancers, and is therefore widely used for the diagnosis,
      outcome prediction and clinical management of cancer patients.
      Characterized by a fast turnaround time, high sensitivity, and the
      ability to study the cell cycle at different stages, this methodology
      represents the leading technology in the molecular cytogenetics market.
      With approximately 70,000 tests performed annually in Italy, this new
      partnership is expected to rapidly gain market share in Italy through
      the offering of a complete solution, including microscopy and reagents,
      to cytogenetics and cancer laboratories.
    </p>
    <p>
      Nikon is ranked among the top microscope manufacturers worldwide, and
      offers a wide line of products intended to help laboratories to deliver
      quality research and clinical results. Nikon&rsquo;s microscopes and imaging
      software systems, both automated and user-friendly, provide cytogenetics
      laboratories with solutions that improve workflow efficiency and reduce
      subjectivity. Combined with the CGI Italia DNA-FISH Probes, which allow
      for more efficient pinpointing of genetic aberrations, this full
      solution will allow laboratories to perform simultaneous multicolor FISH
      testing with complex image analysis in academic and clinical settings.
    </p>
    <p>
      &ldquo;Through research, CGI has designed and developed a set of outstanding
      DNA-FISH Probes for diagnosis of genomic aberrations currently
      recognized as essential in clinical practice,&rdquo; says Raju Chaganti,
      professor at the Memorial Sloan-Kettering Cancer Center and founder of
      the Company. &ldquo;Joining hands with Nikon is a great opportunity for both
      companies, and it advances the cause of personalized cancer management.&rdquo;
    </p>
    <p>
      &ldquo;Nikon appreciates the great opportunity to distribute CGI Italia
      DNA-FISH Probes in the Italian market. This partnership allows us to
      complete our instrumentation and consumables line for FISH
      applications,&rdquo; says Cristiana Ricci of Nikon. &ldquo;Nikon has developed,
      especially for the Oncology/Hematology field, a microspots system to
      investigate FISH on a microchannel, and CGI Italia&rsquo;s probes are very
      important to complete our full solution offer for our customers.&rdquo;
    </p>
    <p>
      This partnership further enables the Company&rsquo;s mission to provide
      clinical laboratory professionals with robustly designed products for
      FISH and cancer diagnostics. While focused initially on the Italian
      market, this partnership is expected to expand to other Western European
      countries. CGI estimates that over 350,000 FISH-based diagnostic tests
      are done annually in Western Europe.
    </p>
    <p>
      <b>About Nikon Instruments S.p.A</b>
    </p>
    <p>
      Nikon Instruments S.p.A., the Italian subsidiary of Nikon Corporation,
      Japan, was founded in 1995. The company&rsquo;s principal activity is to
      distribute diagnostic, research and measurement instruments. The Nikon
      Instruments division provides products used for leading-edge research
      purposes in clinical, educational usage and training applications. For
      more information about Nikon Instruments SPA, please visit&nbsp;<a href="http://www.nikoninstruments.com">http://www.nikoninstruments.com</a>.
    </p>
    <p>
      <b>About Cancer Genetics Italia S.r.l.</b>
    </p>
    <p>
      Cancer Genetics Italia S.r.l. (&ldquo;CGI Italia&rdquo;) is a wholly-owned
      subsidiary of Cancer Genetics Inc. (&ldquo;CGI&rdquo;). CGI Italia manufactures and
      distributes DNA-FISH Probes to the clinical and academic communities
      worldwide. CGI Italia, founded in 2009 by world-renowned human
      geneticist R.S.K. Chaganti, is now celebrating its fourth year of
      business, and is offering an array of high-quality products with an
      oncology focus. Indeed, CGI Italia offers 31 FISH Probes that are CE
      marked (also available as RUO &ndash; &ldquo;Research Use Only&rdquo;) and cover the most
      relevant FISH panels for hematological and solid tumors. It should also
      be noted that CGI Italia was the first to launch a CE marked&nbsp;<i>ALK</i>&nbsp;Break
      Apart Probe in the EU. In addition to commonly used FISH Probes, CGI
      Italia developed a proprietary Probe that targets chromosomal
      aberrations observed in HPV-associated cancers. We launched the FISH
      Based HPV-Associated Cancer Test (FHACT&trade;) intended for cervical cancer
      in 2012. FHACT&trade; is currently available as RUO. CGI Italia news releases
      and other information are available on the company's Web site at <a href="http://www.cancergeneticsitalia.com">www.cancergeneticsitalia.com</a>.
    </p>
  <p><span class="bwct31415"></span></p>



    <p>
      <b>Investors:</b><br>RedChip Companies, Inc.<br>Jon Cunningham,
      800-733-2447, ext. 107<br><a href="mailto:jon@redchip.com">jon@redchip.com</a>
    </p>


<p>Source: Cancer Genetics, Inc.</p>
</body></html><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/Ia9wutkM5AU" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/164/cancer-genetics-announces-distribution-partnership-with-nikon-instruments</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics to Present at UBS Global Healthcare Conference</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/M_dYYeW_ly4/cancer-genetics-to-present-at-ubs-global-healthcare-conference</link>
      <pubDate>Mon, 06 May 2013 07:59:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/154/cancer-genetics-to-present-at-ubs-global-healthcare-conference</guid>
<content:encoded><![CDATA[<html><body>
<p>    RUTHERFORD, N.J.--
      Cancer Genetics, Inc. (OTCQB: CGIX) (&ldquo;CGI&rdquo;) will present at the UBS
      Global Healthcare Conference on May 22, 2013 at 12:30 p.m. ET at the
      Sheraton New York. Panna Sharma, CEO and President, will provide a
      corporate overview.
    </p>
    <p>
      The CGI presentation will be webcast live and can be accessed by
      visiting the investor relations section of the Company&rsquo;s website at <a href="http://ir.cancergenetics.com/events">http://ir.cancergenetics.com/events</a>.
    </p>
    <p>
      <b>About Cancer Genetics, Inc.</b>
    </p>
    <p>
      Cancer Genetics, Inc. (CGI) is an emerging leader in the field of
      personalized medicine, offering products and services that enable cancer
      diagnostics as well as treatments that are tailored to the specific
      genetic profile of the individual patient. CGI is committed to
      maintaining the standard of clinical excellence through its investment
      in outstanding facilities and equipment. Our reference laboratory is
      both CLIA certified and accredited by the College of American
      Pathologists. In addition, we have approvals and accreditations from the
      states of Florida, Maryland, New York, and New Jersey. The company has
      been built on a foundation of world-class scientific knowledge and IP in
      solid and hematologic cancers, as well as strong research collaborations
      with major cancer centers such as Cleveland Clinic and the National
      Cancer Institute.
    </p>
    <p>
      CGI&rsquo;s dedicated staff takes pride in our specialized laboratory
      services, superior turnaround time, enhanced reporting, and ongoing
      research and development for new oncology tests. CGI&rsquo;s full-service
      cancer genetic practice and path to innovation with research makes for
      optimal patient care management. For further information, please see&nbsp;<a href="http://www.cancergenetics.com">www.cancergenetics.com</a>.
    </p>
    <p>
    </p>
  <p><span class="bwct31415"></span></p>



    <p>
      Investor Relations<br>RedChip Companies, Inc.<br>Jon Cunningham,
      800-733-2447, ext. 107<br><a href="mailto:jon@redchip.com">jon@redchip.com</a>
    </p>


<p>Source: Cancer Genetics, Inc.</p>
</body></html><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/M_dYYeW_ly4" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/154/cancer-genetics-to-present-at-ubs-global-healthcare-conference</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics Launches Proprietary Microarray for Kidney Cancer</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/O-gJ5deQ03k/cancer-genetics-launches-proprietary-microarray-for-kidney-cancer</link>
      <pubDate>Thu, 02 May 2013 07:59:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/144/cancer-genetics-launches-proprietary-microarray-for-kidney-cancer</guid>
<content:encoded><![CDATA[<html><body>
<ul>
<li class="bwlistitemmargb">
        UroGenRA&trade;-Kidney was designed and developed at Cancer Genetics to
        assist in the diagnosis and treatment selection of kidney cancer.
      </li>
    </ul>
<ul>
<li class="bwlistitemmargb">
        Clinical Laboratory Improvement Amendments (CLIA) &amp; New York State
        approvals of the microarray as a laboratory developed test (LDT)
        expand CGI&rsquo;s menu of proprietary molecular diagnostic tests for
        urogenital and hematological cancers.
      </li>
    </ul>
<p>    RUTHERFORD, N.J.--
      Cancer Genetics, Inc. (OTCQB: CGIX) (&ldquo;CGI&rdquo;), a leader in
      oncology-focused personalized medicine, has launched a proprietary
      urogenital cancer array, UroGenRA&trade;, intended for kidney cancer diagnosis
      and subtyping in its own laboratory. The company has received regulatory
      approvals from both CLIA and New York State and will offer the genomic
      microarray as part of its Kidney Complete<sup>SM</sup> Program.
    </p>
    <p>
      According to the National Cancer Institute, it is estimated that 64,000
      new kidney cancer cases will be diagnosed in the United States in 2013,
      while approximately 13,000 patients will die from the disease.
      Currently, kidney cancers are classified based on morphology into
      several subtypes which drive treatment decision. Renal neoplasms are
      often initially diagnosed as small renal masses by computerized
      tomography or magnetic resonance imaging while patients are still
      asymptomatic. However, imaging techniques are of limited help in
      distinguishing benign and malignant forms, and determining the proper
      subtype.
    </p>
    <p>
      Laparoscopic partial nephrectomy, where suspicious kidney tissue is
      removed, has become a common method for biopsy sampling. However, up to
      30% of the removed renal masses were classified as benign after surgery
      indicating that such procedure may not be appropriate in certain cases.
      In recent years, image-guided needle biopsy has emerged as a valuable
      option for diagnostic testing; yet, over 15% of needle biopsies yield
      insufficient tissue and are considered non-diagnostic by routine
      histology, rendering them clinically unreliable, so that a method for
      accurate diagnostic is needed. CGI&rsquo;s UroGenRA&trade;-Kidney provides critical
      genomic data that allows for an accurate discrimination among the three
      malignant renal cell carcinoma (RCC) subtypes &ndash; clear cell, papillary,
      and chromophobe RCC &ndash; and a benign form of renal cancer, oncocytoma, and
      for the proper therapy selection depending on the kidney cancer subtype.
      This genomic-based assessment has the potential to improve diagnosis and
      prevent unnecessary and costly surgical procedures.
    </p>
    <p>
      Results from a research collaboration between Jonathan Coleman, M.D., at
      Memorial Sloan-Kettering Cancer Center, and CGI based on the use of
      needle biopsy specimens were presented in a poster at the 2013
      Genitourinary Cancers Symposium.
    </p>
    <p>
      &ldquo;The decision to treat a renal mass is based on the tumor&rsquo;s biologic
      potential to metastasize to other sites in the body, where it can cause
      pain, debilitation, and death, but in many cases, these tumors may not
      be a threat and can be safely left alone under observation,&rdquo; said Dr.
      Coleman. &ldquo;The studies we have conducted demonstrate that it may be
      possible to better understand how a tumor will behave by analyzing the
      genetic makeup of tumor tissue obtained through biopsy.&rdquo;
    </p>
    <p>
      The UroGenRA&trade;-Kidney has been developed to assist in the diagnosis of
      both needle biopsy and resected specimens. While in many cases, surgery
      is recommended after diagnosis, this test will help to devise proper
      therapy selection based on the tumor genomic profiling for kidney
      patients without the need for invasive surgery. This microarray test
      joins other proprietary genomic testing solutions offered by CGI that
      target personalized cancer treatment while reducing healthcare cost.
    </p>
    <p>
      <b>About Cancer Genetics, Inc.</b>
    </p>
    <p>
      Cancer Genetics, Inc. (CGI) is an emerging leader in the field of
      personalized medicine, offering products and services that enable cancer
      diagnostics as well as treatments that are tailored to the specific
      genetic profile of the individual patient. CGI is committed to
      maintaining the standard of clinical excellence through its investment
      in outstanding facilities and equipment. Our reference laboratory is
      both CLIA certified and accredited by the College of American
      Pathologists. In addition, we have approvals and accreditations from the
      states of Florida, Maryland, New York, and New Jersey. The company has
      been built on a foundation of world-class scientific knowledge and IP in
      solid and hematologic cancers, as well as strong research collaborations
      with major cancer centers such as Cleveland Clinic and the National
      Cancer Institute.
    </p>
    <p>
      CGI&rsquo;s dedicated staff takes pride in our specialized laboratory
      services, superior turnaround time, enhanced reporting, and ongoing
      research and development for new oncology tests. CGI&rsquo;s full-service
      cancer genetic practice and path to innovation with research makes for
      optimal patient care management. For further information, please see <a href="http://www.cancergenetics.com">www.cancergenetics.com</a>.
    </p>
    <p>
    </p>
  <p><span class="bwct31415"></span></p>



    <p>
      <b>for Cancer Genetics, Inc.</b><br>RedChip Companies, Inc.<br>Jon
      Cunningham, (800) 733-2447, Ext. 107<br>Investor Relations<br><a href="mailto:jon@redchip.com">jon@redchip.com</a>
    </p>


<p>Source: for Cancer Genetics, Inc.</p>
</body></html><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/O-gJ5deQ03k" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/144/cancer-genetics-launches-proprietary-microarray-for-kidney-cancer</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics, Inc. Announces Closing of Initial Public Offering of 690,000 Shares of Common Stock</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/NyDPGSjWJ-Q/cancer-genetics-inc-announces-closing-of-initial-public-offering-of-690000-shares-of-common-stock</link>
      <pubDate>Wed, 10 Apr 2013 16:05:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/134/cancer-genetics-inc-announces-closing-of-initial-public-offering-of-690000-shares-of-common-stock</guid>
<content:encoded><![CDATA[<html><body>
<p>    RUTHERFORD, N.J.--
      Cancer Genetics, Inc. (OTCQB: CGIX), a diagnostics company focused on
      developing genomic-based, oncology tests and services, today announced
      it has closed its initial public offering of 690,000 shares of common
      stock (including 90,000 shares that were offered and sold by Cancer
      Genetics pursuant to the exercise in-full of the underwriters&rsquo;
      over-allotment option) at a price to the public of $10.00 per share.
      Total gross proceeds from the offering were $6,900,000, before deducting
      underwriting discounts and commissions and other offering expenses
      payable by Cancer Genetics.
    </p>
    <p>
      Aegis Capital Corp. acted as sole book-running manager for the offering.
    </p>
    <p>
      Feltl and Company, Inc. acted as co-manager for the offering.
    </p>
    <p>
      This offering was made only by means of a prospectus. Copies of the
      prospectus relating to this offering may be obtained by contacting Aegis
      Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor,
      New York, NY 10019, telephone: 212-813-1010, e-mail: <a href="mailto:prospectus@aegiscap.com">prospectus@aegiscap.com</a>.
    </p>
    <p>
      A registration statement relating to these securities was declared
      effective by the Securities and Exchange Commission on April 4, 2013.
      This press release shall not constitute an offer to sell or a
      solicitation of an offer to buy, nor shall there be any sale of these
      securities in any state or jurisdiction in which such an offer,
      solicitation or sale would be unlawful prior to registration or
      qualification under the securities laws of any such state or
      jurisdiction.
    </p>
    <p>
      <b>About Cancer Genetics:</b>
    </p>
    <p>
      Cancer Genetics, Inc. is an early-stage diagnostics company focused on
      developing and commercializing proprietary genomic tests and services to
      improve and personalize the diagnosis, prognosis and response to
      treatment (theranosis) of cancer. The proprietary tests being developed
      by Cancer Genetics target cancers that are difficult to prognose and
      predict treatment outcomes using currently available mainstream
      techniques. These cancers include hematological, urogenital and
      HPV-associated cancers. Cancer Genetics recently has begun to provide
      its proprietary tests and services along with a comprehensive range of
      non-proprietary oncology-focused tests and laboratory services that it
      has provided historically to oncologists and pathologists at hospitals,
      cancer centers and physician offices. Cancer Genetics is currently
      offering its tests and laboratory services in its 17,936 square foot
      laboratory located in Rutherford, New Jersey, which has been accredited
      under the Clinical Laboratory Improvement Amendments of 1988 to perform
      high complexity testing.
    </p>
  <p><span class="bwct31415"></span></p>



    <p>
      Cancer Genetics<br>Elizabeth Czerepak, 201-528-9200<br>Chief
      Financial Officer<br><a href="mailto:eczerepak@cancergenetics.com">eczerepak@cancergenetics.com</a>
    </p>


<p>Source: Cancer Genetics, Inc.</p>
</body></html><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/NyDPGSjWJ-Q" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/134/cancer-genetics-inc-announces-closing-of-initial-public-offering-of-690000-shares-of-common-stock</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics, Inc. Announces Full Exercise of Over-Allotment Option</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/RyzLULv7VO8/cancer-genetics-inc-announces-full-exercise-of-over-allotment-option</link>
      <pubDate>Fri, 05 Apr 2013 09:00:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/114/cancer-genetics-inc-announces-full-exercise-of-over-allotment-option</guid>
<content:encoded><![CDATA[<p><strong>RUTHERFORD, NJ (April 5, 2013):</strong> Cancer Genetics, Inc. (OTCQB: CGIX), a diagnostics company focused on developing genomic-based, oncology tests and services, today announced the full exercise of the over-allotment option granted to the underwriters to purchase an additional 90,000 shares of its common stock, at a price to the public of $10.00 per share, in connection with its previously announced underwritten initial public offering of 600,000 shares of common stock, bringing expected total gross proceeds from the offering to $6,900,000, before underwriting discounts and commissions and other offering expenses payable by Cancer Genetics.</p>
<p>Aegis Capital Corp. is acting as sole book-running manager for the offering.</p>
<p>Feltl and Company, Inc. is acting as co-manager for the offering.</p>
<p>This offering is being made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained by contacting Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY 10019, telephone: 212-813-1010, e-mail: prospectus@aegiscap.com.</p>
<p>A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on April 4, 2013. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>
<p><strong>About Cancer Genetics: </strong></p>
<p>Cancer Genetics, Inc. is an early-stage diagnostics company focused on developing and commercializing proprietary genomic tests and services to improve and personalize the diagnosis, prognosis and response to treatment (theranosis) of cancer. The proprietary tests being developed by Cancer Genetics target cancers that are difficult to prognose and predict treatment outcomes by using currently available mainstream techniques. These cancers include hematological, urogenital and HPV-associated cancers. Cancer Genetics recently has begun to provide its proprietary tests and services along with a comprehensive range of non-proprietary oncology-focused tests and laboratory services that it has provided historically to oncologists and pathologists at hospitals, cancer centers and physician offices. Cancer Genetics is currently offering its tests and laboratory services in its 17,936 square foot laboratory located in Rutherford, New Jersey, which has been accredited under the Clinical Laboratory Improvement Amendments of 1988 to perform high complexity testing.</p>
<p>Cancer Genetics Contact Information:</p>
<p>Elizabeth Czerepak<br /> Chief Financial Officer<br /> (201) 528-9200<br />eczerepak@cancergenetics.com&nbsp;</p><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/RyzLULv7VO8" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/114/cancer-genetics-inc-announces-full-exercise-of-over-allotment-option</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics, Inc. Announces Pricing of Initial Public Offering of 600,000 Shares of Common Stock</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/eSGExaOiMtI/cancer-genetics-inc-announces-pricing-of-initial-public-offering-of-600000-shares-of-common-stock</link>
      <pubDate>Thu, 04 Apr 2013 09:00:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/104/cancer-genetics-inc-announces-pricing-of-initial-public-offering-of-600000-shares-of-common-stock</guid>
<content:encoded><![CDATA[<p><strong>RUTHERFORD, NJ (April 4, 2013):</strong> Cancer Genetics, Inc., a diagnostics company focused on developing genomic-based, oncology tests and services, today announced the pricing of its initial public offering of 600,000 shares of its common stock at a price to the public of $10.00 per share. The gross proceeds to Cancer Genetics from the initial public offering are expected to be $6,000,000 (assuming no exercise of the over-allotment option), before underwriting discounts and commissions and other offering expenses payable by Cancer Genetics. Cancer Genetics has granted the representative of the underwriters a 45-day option to purchase up to 90,000 additional shares of common stock from Cancer Genetics to cover over-allotments, if any. Shares of Cancer Genetics&rsquo; common stock are expected to be quoted on the OTCQB Marketplace, operated by OTC Markets Group, under the symbol &ldquo;CGIX&rdquo; beginning on April 5, 2013. Investors will be able to find Real Time Level II quotes for &ldquo;CGIX&rdquo; on www.otcmarkets.com.</p>
<p>The offering is expected to close on April 10, 2013, subject to customary closing conditions. Aegis Capital Corp. is acting as sole book-running manager for the offering.<br /> Feltl and Company, Inc. is acting as co-manager for the offering.</p>
<p>This offering is being made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained by contacting Aegis Capital Corp., Prospectus Department, 810 Seventh Avenue, 18th Floor, New York, NY 10019, telephone: 212-813-1010, e-mail: prospectus@aegiscap.com.</p>
<p>A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on April 4, 2013. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.</p>
<p><strong>About Cancer Genetics: </strong></p>
<p>Cancer Genetics, Inc. is an early-stage diagnostics company focused on developing and commercializing proprietary genomic tests and services to improve and personalize the diagnosis, prognosis and response to treatment (theranosis) of cancer. The proprietary tests being developed by Cancer Genetics target cancers that are difficult to prognose and predict treatment outcomes by using currently available mainstream techniques. These cancers include hematological, urogenital and HPV- associated cancers. Cancer Genetics recently has begun to provide its proprietary tests and services along with a comprehensive range of non-proprietary oncology-focused tests and laboratory services that it has provided historically to oncologists and pathologists at hospitals, cancer centers and physician offices. Cancer Genetics is currently offering its tests and laboratory services in its 17,936 square foot laboratory located in Rutherford, New Jersey, which has been accredited under the Clinical Laboratory Improvement Amendments of 1988 to perform high complexity testing.</p>
<p>Cancer Genetics Contact Information:</p>
<p>Elizabeth Czerepak<br /> Chief Financial Officer<br /> (201) 528-9200<br />eczerepak@cancergenetics.com&nbsp;</p><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/eSGExaOiMtI" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/104/cancer-genetics-inc-announces-pricing-of-initial-public-offering-of-600000-shares-of-common-stock</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics, Inc. Selected By Gilead Sciences, Inc. to Provide Clinical Trial Services for International Trials in Chronic Lymphocytic Leukemia</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/2kvFW2dODGA/cancer-genetics-inc-selected-by-gilead-sciences-inc-to-provide-clinical-trial-services-for-international-trials-in-chronic-lymphocytic-leukemia</link>
      <pubDate>Mon, 11 Mar 2013 00:00:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/94/cancer-genetics-inc-selected-by-gilead-sciences-inc-to-provide-clinical-trial-services-for-international-trials-in-chronic-lymphocytic-leukemia</guid>
<content:encoded><![CDATA[<h3 class="spr-ir-news-article-title">Comprehensive, biomarker-based patient profiling will help risk stratification, improve trial efficacy and provide biomarker driven insight regarding patient targeting and potential outcomes</h3>
<p><strong>Rutherford, NJ, March 11, 2013&nbsp;</strong>- Cancer Genetics, Inc. (CGI) announces that it has been chosen by Gilead Sciences Inc. (Gilead) to provide clinical trial services and molecular profiling of chronic lymphocytic leukemia (CLL) patients. The trials cover both national and international locations. CGI will leverage its SelectOne&trade; program that includes proprietary genomic assays in CLL, data and logistics management, and comprehensive CLIA- and CAP-accredited clinical laboratory testing. The ongoing studies consist of testing across several methodologies, including flow cytometry, FISH, and molecular diagnostics assays including mutational analyses of&nbsp;<em>IGHV</em>,&nbsp;<em>TP53</em>,&nbsp;<em>NOTCH1</em>, and CGI&rsquo;s proprietary array-CGH assay for mature B-cell neoplasm, MatBA&reg;-CLL/SLL.</p>
<p>Targeted therapies have the potential of improving the lives of cancer patients and providing them with better treatment outcome. CGI&rsquo;s SelectOne&trade; offering empowers biotech and pharma companies like Gilead to achieve their goals in oncology clinical trials through the use of CGI&rsquo;s comprehensive oncology focused menu and proprietary microarrays.</p>
<p>CGI expects the trials to continue for the next several years, and may potentially enable an expedited and more efficient development timeline based on improved patient stratification. CGI also offers comprehensive CLL testing to cancer centers, oncologists and community hospitals under its CLL Complete<sup>SM</sup>&nbsp;offering. This includes the assessment of ZAP-70, CD38, mutational status of&nbsp;<em>IGHV</em>,&nbsp;<em>TP53</em>&nbsp;and&nbsp;<em>SF3B1</em>, genomic alterations by FISH and by a proprietary genomic microarray &ndash; MatBA&reg;-CLL/SLL which includes a comprehensive report&nbsp; stratifying the risk and potential outcome, to guide disease and patient management. CLL is a clinically heterogeneous disease and the most common form of leukemia in the Western Hemisphere. It is estimated that in the United States there is a new case diagnosed every forty minutes and there are over 110,000 people living with CLL.</p>
<p><strong>About Cancer Genetics, Inc.</strong></p>
<p>Cancer Genetics, Inc. (CGI) is an emerging leader in the field of personalized medicine, offering products and services that enable cancer diagnostics as well as treatments that are tailored to the specific genetic profile of the individual. CGI is committed to maintaining the standard of clinical excellence through its investment in outstanding facilities and equipment. Our reference laboratory is both CLIA certified and CAP accredited, and New-York State licensed. The company has been built on a foundation of world-class scientific knowledge and IP in solid and hematologic cancers, as well as strong research collaborations with major cancer centers such as Memorial Sloan-Kettering, Cleveland Clinic and the National Cancer Institute.</p>
<p>For further information, please see&nbsp;<a href="http://www.cancergenetics.com/">www.cancergenetics.com</a>.</p>
<p>For more information, contact:</p>
<p>Marie-Agnes Patrone-Michellod, PhD &nbsp;|&nbsp;Regulatory Affairs and Marketing Manager</p>
<p><a href="mailto:mmichellod@cancergenetics.com">mmichellod@cancergenetics.com</a></p><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/2kvFW2dODGA" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/94/cancer-genetics-inc-selected-by-gilead-sciences-inc-to-provide-clinical-trial-services-for-international-trials-in-chronic-lymphocytic-leukemia</feedburner:origLink></item>
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      <title>Cancer Genetics, Inc. receives regulatory approvals for MatBA®-DLBCL, a proprietary microarray test for the diagnosis, prognosis, and patient risk stratification of non-Hodgkin lymphoma</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/YOsvUIg9y8c/cancer-genetics-inc-receives-regulatory-approvals-for-matba-dlbcl-a-proprietary-microarray-test-for-the-diagnosis-prognosis-and-patient-risk-stratification-of-non-hodgkin-lymphoma</link>
      <pubDate>Tue, 26 Feb 2013 00:00:00 -0500</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/84/cancer-genetics-inc-receives-regulatory-approvals-for-matba-dlbcl-a-proprietary-microarray-test-for-the-diagnosis-prognosis-and-patient-risk-stratification-of-non-hodgkin-lymphoma</guid>
<content:encoded><![CDATA[<p><strong>Cancer Genetics, Inc. receives regulatory approvals for&nbsp;</strong><strong>MatBA&reg;-</strong><strong>DLBCL, a proprietary microarray test for the diagnosis, prognosis, and patient risk stratification of non-Hodgkin lymphoma</strong></p>
<ul>
<li>MatBA&reg;&nbsp;-DLBCL is designed to assist in the clinical management of diffuse large B-cell lymphoma (DLBCL), the most common form of non-Hodgkin lymphoma</li>
<li>Test was developed at Cancer Genetics, Inc. and clinically validated in collaboration with Memorial Sloan-Kettering Cancer Center</li>
<li>Regulatory approval expands CGI&rsquo;s menu of CLIA- &amp; New York State-approved molecular diagnostics for hematological, urogenital, and gynecological cancers</li>
</ul>
<p><strong>Rutherford, February 25, 2013</strong>&nbsp;&mdash; Cancer Genetics, Inc. (CGI), a leader in oncology-focused personalized medicine, today announced it has received CLIA and New York State approvals for clinical use of its proprietary mature B-cell neoplasm array or&nbsp;MatBA&reg;&nbsp;&nbsp;(patent 13/475,034) for diffuse large B-cell lymphoma.&nbsp;MatBA&reg;-DLBCL will assist clinicians in the diagnosis and prognosis of DLBCL.</p>
<p>DLBCL is the most common form of non-Hodgkin lymphoma (NHL), a diverse group of hematological malignancies. An estimated 190,000 people in the United State suffer from DLBCL, and up to 24,500 new U.S. cases diagnosed each year, which accounts for up to 40% of all NHL cases. Newly-diagnosed patients have a median age of 64 years, and disease progression and outcomes vary widely, due in part to the genomic characteristics of each individual patient&rsquo;s cancer. This creates a strong clinical need for accurate and molecularly-informed prognostic testing both at the time of initial diagnosis and throughout ongoing disease monitoring efforts to ensure selection of the best treatment plan for an individual patient. However, current prognostic modalities rely primarily on clinical features.</p>
<p>CGI&rsquo;s&nbsp;MatBA&reg;-DLBCL microarray provides clinicians with information on genomic alterations in DLBCL, including regions of gain and loss that are associated with disease outcome.</p>
<p>A research collaboration between the Memorial Sloan-Kettering Cancer Center and CGI using 87 patient samples, as well as the analysis of two open datasets including 171 samples (GSE11318, Lenz et al.) and 51 high risk samples (E-MEXP-3463, Taskinen) and other published datasets showed that:</p>
<ul>
<li>&nbsp; &nbsp; &nbsp;MatBA&reg;-DLBCL has both diagnostic and prognostic value</li>
<li>&nbsp; &nbsp; &nbsp;MatBA&reg;-DLBCL can assist in patient stratification for risk-adapted therapy when performed at diagnosis</li>
<li>&nbsp; &nbsp; &nbsp;MatBA&reg;-DLBCL assesses the presence of single biomarkers as well as genome complexity as measures of overall survival following front-line immunochemotherapy</li>
</ul>
<p>CGI believes&nbsp;that it is the only laboratory to have a CLIA and New York State approved microarray for the genomic assessment of DLBCL. The&nbsp;MatBA&reg;&nbsp;-DLBCL Array CGH assay joins the DLBCL Complete<sup>SM</sup>&nbsp;program offered by CGI, which includes a suite of esoteric tests used in the diagnosis, prognosis and clinical management of DLBCL patients.&nbsp; This newly-approved DLBCL test extends CGI&rsquo;s ongoing commitment to developing new diagnostic and disease management tools for some of the most costly and critical unmet needs in oncology today.&nbsp;MatBA&reg;&nbsp;-DLBCL joins&nbsp;MatBA&reg;&nbsp;-CLL (chronic lymphocytic leukemia) and&nbsp;MatBA&reg;&nbsp;-SLL (small lymphocytic leukemia) in CGI&rsquo;s suite of CLIA- and New York State-approved proprietary microarrays for the clinical management of underserved hematological malignancies.</p>
<p><strong>About Cancer Genetics, Inc.</strong></p>
<p>Cancer Genetics, Inc. (CGI) is an emerging leader in the field of personalized medicine, offering products and services that enable cancer diagnostics as well as treatments that are tailored to the specific genetic profile of the individual. CGI is committed to maintaining the standard of clinical excellence through its investment in outstanding facilities and equipment. Our reference laboratory is both CLIA certified and CAP accredited. In addition, we have approvals and accreditations from the states of Florida, Maryland, New York, and New Jersey. The company has been built on a foundation of world-class scientific knowledge and IP in solid and hematologic cancers, as well as strong research collaborations with major cancer centers such as Memorial Sloan-Kettering and the National Cancer Institute.</p>
<p>CGI&rsquo;s dedicated staff takes pride in our specialized laboratory services, superior turnaround time (TAT), enhanced reporting, EMR integration, and ongoing research and development for new oncology tests. CGI&rsquo;s full-service cancer genetic practice and path to innovation with research makes for optimal patient care management. For further information, please see&nbsp;<a href="http://www.cancergenetics.com/">www.cancergenetics.com</a>.</p>
<p>&nbsp;</p>
<h5><span>For more information, contact:</span></h5>
<p><span>Marie-Agn&egrave;s Patrone-Michellod, PhD. |&nbsp;Marketing and Regulatory Affairs Manager</span></p>
<p><span>Phone: (201) 528 9182 |&nbsp;Email: mmichellod@cancergenetics.com</span></p><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/YOsvUIg9y8c" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/84/cancer-genetics-inc-receives-regulatory-approvals-for-matba-dlbcl-a-proprietary-microarray-test-for-the-diagnosis-prognosis-and-patient-risk-stratification-of-non-hodgkin-lymphoma</feedburner:origLink></item>
    <item>
      <title>CGI Select One</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/W-KsUvB6d-8/cgi-select-one</link>
      <pubDate>Mon, 15 Oct 2012 00:00:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/74/cgi-select-one</guid>
<content:encoded><![CDATA[<p>CGI&rsquo;s Select One&trade; program offers unique solutions to investigators, CROs, and biopharma companies in support of their Phase 1-3 clinical trial testing needs. As a leader in personalized oncology, CGI provides disease- specific biomarker knowledge, proprietary assays, and state of the art oncology laboratory services. We believe the integration of clinical information with drug discovery is critical to providing customized solutions for patient stratification and treatment. Below is an overview of our services:</p>
<ul>
<li>Customizable tests and techniques to improve clinical trial design</li>
<li>Time sensitive trial test development</li>
<li>Rapid proof-of-concept studies</li>
<li>Dependable results from early phase initiatives</li>
<li>Microarrays to provide enhanced genomic information</li>
<li>Enhanced understanding of complex diseases at earlier stages</li>
</ul>
<p>Our clinical team is backed by CGI&rsquo;s strong R&amp;D background, which has led to the development of innovative and proprietary testing along with an in-depth understanding of complex cancer states. We leverage this knowledge and experience in oncology-based testing to provide solutions that lead to effective patient stratification, increased responder population, endpoints validation and optimization.</p>
<p>The size of our company enables us to respond quickly to the needs of clients and provide them with high quality specialized outcomes for clinical trials. Our laboratory, which is CLIA approved and CAP accredited ensures the service we provide to clients is accurate and reliable. Through our focus and dedication to innovation and personalized oncology, clients also benefit from our:</p>
<ul>
<li>World-class expertise in oncology</li>
<li>Strong oncology-focused R&amp;D program</li>
<li>Experience developing custom DNA probe panels and microarrays</li>
<li>Adaptability and quick response to client needs</li>
<li>Renown Scientific Advisory Board</li>
</ul>
<p>For more information please contact us at&nbsp;<a href="mailto:contact@cancergenetics.com">contact@cancergenetics.com&nbsp;</a>or visit our website&nbsp;<a href="http://www.cancergenetics.com/">www.cancergenetics.com</a>.</p><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/W-KsUvB6d-8" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/74/cgi-select-one</feedburner:origLink></item>
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      <title>Cancer Genetics, Inc. Named To the 2012 Inc. 500|5000 List</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/l4Xx_HSmK0s/cancer-genetics-inc-named-to-the-2012-inc-5005000-list</link>
      <pubDate>Tue, 21 Aug 2012 00:00:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/64/cancer-genetics-inc-named-to-the-2012-inc-5005000-list</guid>
<content:encoded><![CDATA[<p><strong>Rutherford, August 21, 2012</strong>&nbsp;&mdash; Cancer Genetics, Inc. (CGI), a leader in oncology-focused personalized medicine, today announced that Inc. magazine ranked the company #232 among private Healthcare companies, and #2859 overall on its sixth annual Inc. 500|5000 list, an exclusive ranking of the nation&rsquo;s fastest-growing private companies. The list represents a comprehensive look at the most important segment of the economy&mdash;America&rsquo;s independent entrepreneurs. This was the first year the Company has been on the list, and is among the first oncology-focused molecular diagnostic companies on the list.<strong></strong></p>
<p>Panna Sharma, CEO of Cancer Genetics, Inc. says &ldquo;Our team takes tremendous pride in being among other great companies and in our ability to scale our unique focus on personalizing the diagnosis for cancer patients. This recognition by Inc. results from the dedication of CGI&rsquo;s employees and our commitment towards paving the way of personalized medicine in oncology.&rdquo;</p>
<p>In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. The companies on this year&rsquo;s list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.</p>
<p>Complete results of the Inc. 5000, including company profiles, methodology and an interactive database that can be sorted by industry, region, and other criteria, can be found at&nbsp;<a href="file:///C:/Documents%20and%20Settings/phainault/Local%20Settings/Local%20Settings/Temporary%20Internet%20Files/Content.Outlook/Local%20Settings/Temporary%20Internet%20Files/OLKBF/www.inc.com/5000">www.inc.com/5000</a>.</p>
<p>&ldquo;Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward.&nbsp; Growth companies, not large corporations, are where the action is,&rdquo; says&nbsp;<em>Inc</em>. Editor Eric Schurenberg.<del datetime="2011-08-22T15:56" cite="mailto:Patrick%20Hainault"></del></p>
<p>About Cancer Genetics, Inc.</p>
<p>Cancer Genetics, Inc. (CGI) is an emerging leader in the field of personalized medicine, offering products and services that enable cancer diagnostics as well as treatments that are tailored to the specific genetic profile of the individual. CGI is committed to maintaining the standard of clinical excellence through its investment in outstanding facilities and equipment. Our reference laboratory is both CLIA certified and CAP accredited. In addition we have approvals and accreditations from the states of Florida, Maryland, New York, and New Jersey. The company has been built on a foundation of world-class scientific knowledge and IP in solid and blood-borne cancers, as well as strong research collaborations with major cancer centers such as Memorial Sloan-Kettering and the National Cancer Institute.</p>
<p>For further information,&nbsp;<a href="http://www.cancergenetics.com/">www.cancergenetics.com</a>.</p>
<p>&nbsp;</p>
<p>###</p>
<p>Contact</p>
<p>Marie-Agnes Patrone-Michellod</p>
<p><a href="mailto:mmichellod@cancergenetics.com">mmichellod@cancergenetics.com</a></p>
<p>phone: 201.528.9200</p><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/l4Xx_HSmK0s" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/64/cancer-genetics-inc-named-to-the-2012-inc-5005000-list</feedburner:origLink></item>
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      <title>Cancer Genetics, Inc. selected by Roche Servicios S.A. to provide services for the diagnosis and personalization of oncology treatment.</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/v_3YfNRHr3o/cancer-genetics-inc-selected-by-roche-servicios-s-a-to-provide-services-for-the-diagnosis-and-personalization-of-oncology-treatment-</link>
      <pubDate>Thu, 02 Aug 2012 00:00:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/54/cancer-genetics-inc-selected-by-roche-servicios-s-a-to-provide-services-for-the-diagnosis-and-personalization-of-oncology-treatment-</guid>
<content:encoded><![CDATA[<p>Rutherford, NJ, August 2<sup>nd</sup>, 2012- Cancer Genetics, Inc. (CGI) a leader in cancer diagnostics announces that it has been selected by Roche Servicios S.A., an affiliate of the Swiss drug maker Roche based in Costa Rica, as its partner for cancer testing. Under this service agreement, CGI performs highly complex testing intended to provide information for the diagnosis and prognosis of cancer patients. Services provided by CGI help Roche Servicios in delivering quality results to clinicians based in 14 different locations covering Central America and Caribbean Islands. The assessed biomarkers are related to the most prevalent cancers in those regions which also correspond to the primary cause of cancer related mortality. With this partnership, Roche Servicios S.A. and CGI join their efforts to commit to personalized medicine where molecular biology and advanced technologies provide crucial genomic information that can be used for better prediction outcome and targeted treatment.&nbsp; Personalized medicine and genomic testing drives positive impacts on the outcomes for the patients by improving treatment efficacy, providing greater insight to the disease and reduces the cost of healthcare by guiding better directed treatments.</p>
<p>&ldquo;Roche Servicios has had a great experience working with CGI. &nbsp;On one side, since the beginning, they understood our needs and requirements and most importantly consistently delivered the service we required. Moreover, together we have been able to add and improve the processes to meet our customer needs, allowing us to offer high quality results and in a very short time to our patients&rdquo;, mentioned Alvaro Soto, Roche Central America and the Caribbean&rsquo;s General Manager. &nbsp;&rdquo;This commitment with Roche vision and values to offer to patients the best service&nbsp; to improve their lives, has made CGI a true business partner for Roche Servicios, SA&rdquo;, added Soto.</p>
<p>Commenting on the partnership, Panna Sharma, CEO and President of CGI says &ldquo;Partnering with Roche Servicios is an important element of placing genomic and state-of-the-art biomarker based cancer testing into the community. Genomics will drive change in patient quality and healthcare costs by being incorporated globally into the routine testing paradigm, and with a partner like Roche we have the opportunity to make a significant impact. We share the same philosophy of placing the patients&rsquo; interest first.&rdquo;</p>
<p>CGI will initially target testing for solid tumors and will work in close conjunction with Roche for expansion into other oncology categories.</p>
<p><strong>About CGI</strong></p>
<p>Cancer Genetics, Inc. (CGI) is an emerging leader in the field of personalized medicine, offering products and services that enable cancer diagnostics as well as treatments that are tailored to the specific genetic profile of the individual. CGI is committed to maintaining the standard of clinical excellence through its investment in outstanding facilities and equipment. Our reference laboratory is both CLIA certified and CAP accredited. In addition we have approvals and accreditations from the states of Florida, Maryland, New York, and New Jersey. The company has been built on a foundation of world-class scientific knowledge and IP in solid and blood-borne cancers, as well as strong research collaborations with major cancer centers such as Memorial Sloan-Kettering and the National Cancer Institute.</p>
<p>CGI&rsquo;s dedicated staff takes pride in our specialized laboratory services, superior turnaround time (TAT), enhanced reporting, EMR integration, and ongoing research and development for new tests. CGI&rsquo;s full-service cancer genetic practice and path to innovation with research makes for optimal patient care management.</p>
<p>For further information,&nbsp;<a href="http://www.cancergenetics.com/">www.cancergenetics.com</a>.</p>
<p><strong>About Roche</strong></p>
<p>Headquartered in Basel, Switzerland, Roche is a leader in research-focused healthcare with combined strengths in pharmaceuticals and diagnostics. Roche is the world&rsquo;s largest biotech company with truly differentiated medicines in oncology, virology, inflammation, metabolism and CNS. Roche is also the world leader in in-vitro diagnostics, tissue-based cancer diagnostics and a pioneer in diabetes management. Roche&rsquo;s personalized healthcare strategy aims at providing medicines and diagnostic tools that enable tangible improvements in the health, quality of life and survival of patients. In 2011, Roche had over 80,000 employees worldwide and invested over 8 billion Swiss francs in R&amp;D. The Group posted sales of 42.5 billion Swiss francs. Genentech, United States, is a wholly owned member of the Roche Group. Roche has a majority stake in Chugai Pharmaceutical, Japan.</p>
<p>For more information:&nbsp;<a href="http://www.roche.com/">www.roche.com</a>.</p>
<p>###</p>
<p>For more information contact:<br />Marie-Agnes Patrone-Michellod<br />Regulatory Affairs and Marketing Manager<br /><span><a href="mailto:mmichellod@cancergenetics.com">mmichellod@cancergenetics.com</a></span></p><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/v_3YfNRHr3o" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/54/cancer-genetics-inc-selected-by-roche-servicios-s-a-to-provide-services-for-the-diagnosis-and-personalization-of-oncology-treatment-</feedburner:origLink></item>
    <item>
      <title>Cancer Genetics Appoints Elizabeth A. Czerepak as Chief Financial Officer</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/Th1rlJfuLcQ/cancer-genetics-appoints-elizabeth-a-czerepak-as-chief-financial-officer</link>
      <pubDate>Thu, 19 May 2011 00:00:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/53/cancer-genetics-appoints-elizabeth-a-czerepak-as-chief-financial-officer</guid>
<content:encoded><![CDATA[<p>Rutherford, NJ &ndash; May 18, 2011 &ndash; Cancer Genetics, Inc. (CGI), a life science company focused on personalized cancer medicine, today announced it has appointed Elizabeth A. Czerepak as Chief Financial Officer. In this role, Ms. Czerepak will lead the finance, clinical billing operations, human resources, and administrative support functions. She will report directly to Panna Sharma, President and CEO, and will be an officer of the Company.</p>
<p>&ldquo;We&rsquo;re fortunate to have Elizabeth join the management team at a time when CGI is growing through technology advancement, collaborations and partnerships,&rdquo; said Panna Sharma, CEO of CGI. &ldquo;Elizabeth&rsquo;s experience in biotech finance, venture capital, business development and licensing will be instrumental as we pursue several avenues to commercialize molecular diagnostics products and laboratory services, and to evolve CGI into a leading personalized cancer treatment company. We&rsquo;re pleased to welcome Elizabeth to the CGI team.&rdquo;</p>
<p>Ms. Czerepak, 55, brings 28 years of industry experience to CGI. She is a founder of BIOptima Advisors, a consulting firm providing business development, strategic planning and clinical advisory services to biotechnology and pharmaceutical companies. Most recently, Ms. Czerepak was Managing Director at Bear, Stearns &amp; Co.,later JP Morgan, where she founded Bear Stearns Health Innoventures (BSHI), a $212 million venture capital fund that led investments in thirteen biotechnology companies. From 1982 to 2000, Ms. Czerepak held senior positions in licensing, business development and finance at BASF Pharma, Hoffmann-La Roche and Merck &amp; Co.</p>
<p>Ms. Czerepak earned an MBA from Rutgers University and graduated magna cum laude with a B.A. in Secondary Education from Marshall University. She is a member of Licensing Executives Society and serves on the Board of Directors of ToleRx, Inc.</p>
<p># # #</p>
<p>About CGI<br />Based in of Rutherford, NJ, CGI was founded by Dr. R.S.K. Chaganti in 1999 and has become an emerging leader in personalized cancer treatment. CGI&rsquo;s synergistic business model provides cancer-focused diagnostic testing services to leading oncologists, pathologists, hospitals, and academic centers as well as the development of next-generation diagnostic products that leverage CGI&rsquo;s unique IP in molecular genetics and oncology. Products developed by CGI are revolutionizing the management and treatment of certain cancers while reducing healthcare costs. Information about the company can be found on the Internet at: www.cancergenetics.com.</p><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/Th1rlJfuLcQ" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/53/cancer-genetics-appoints-elizabeth-a-czerepak-as-chief-financial-officer</feedburner:origLink></item>
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      <title>Cancer Genetics, Inc. Named # 20 Nationwide by The Scientist in “Best Places to Work Industry, 2011”</title>
      <link>http://feedproxy.google.com/~r/CancerGeneticsInc/~3/EwelfU_xtTk/cancer-genetics-inc-named-20-nationwide-by-the-scientist-in-best-places-to-work-industry-2011</link>
      <pubDate>Thu, 28 Apr 2011 00:00:00 -0400</pubDate>
      <guid isPermaLink="false">http://ir.stockpr.com/cancergenetics/company-news/detail/43/cancer-genetics-inc-named-20-nationwide-by-the-scientist-in-best-places-to-work-industry-2011</guid>
<content:encoded><![CDATA[<p>CGI was selected based on over 2,200 responses from readers and scientists as one of the Best Places to Work In Industry for Scientists. Also it is important to note that management is not allowed to interact with The Scientist magazine in this process &ndash; only bench workers, lab researchers and scientific staff that qualify to participate in the confidential and rigorous survey. Companies were evaluated across 43 different criteria and assessed for strengths and weaknesses across 8 different dimensions. &ldquo;Breaking into the 20 position as our first year on the list is quite a feat and a great testament to our people, our management and the culture we are developing. Moreover, we were the only company on the list that has clinical lab services as a critical component of the overall business&rdquo; says Panna Sharma, President and Chief Executive Officer of CGI.</p>
<p>Learn more at&nbsp;<a href="http://www.the-scientist.com/bptw/">http://www.the-scientist.com/bptw/</a></p><img src="http://feeds.feedburner.com/~r/CancerGeneticsInc/~4/EwelfU_xtTk" height="1" width="1"/>]]></content:encoded>    <feedburner:origLink>http://ir.stockpr.com/cancergenetics/company-news/detail/43/cancer-genetics-inc-named-20-nationwide-by-the-scientist-in-best-places-to-work-industry-2011</feedburner:origLink></item>
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