VICTORIA, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2008) - Vigil Health Solutions Inc. ("Vigil") (TSX VENTURE:VGL) announces the results of operations for the quarter ending September 30, 2008.

Business highlights

- 82% growth in revenue over Q2FYE08 to $1.03 million in Q2FYE09

- 14 projects completed in the quarter compared to 9 in Q2FYE08

- 8% increase in sales bookings for the quarter to $1.16 million

- 51% growth in backlog to $4.14 million

- 54% decrease in losses to $144 thousand, or $0.001 per share

- Secured $80 thousand in National Research Council Canada Industrial Research Assistance Program (NRC-IRAP) funding for research and development of Vigil's independent living monitoring and alerting system.

"During the second quarter, we achieved 82% year-over-year revenue growth and continued to see sales booking growth." said Troy Griffiths, President and CEO. "While cautious in the short term given the challenging macro economic conditions, I am very encouraged by these results."

Financial Results

Revenue for Q2FYE09 was $1.03 million compared to $568 thousand in the period ended September 30, 2007, an increase of 82%. Revenue for FYE09 to date was $1.73 million compared to $1.47 million in the first six months of FYE08, an increase of 18%. There were 22 projects completed in the period compared to 18 in the comparative period of FYE08.

Bookings for the quarter were $1.16 million up 8% compared to $1.07 million in Q2FYE08. Bookings for FYE09 to date were up 17% to $2.31 million compared to $1.97 million in the first six months of FYE08.

At September 30, 2008, Vigil had a backlog of approximately $4.14 million (including $1.75 million in deposits and progress billings, recorded as deferred revenue on balance sheet) as compared to approximately $2.75 million (including $851 thousand in deposits and progress billings, recorded as deferred revenue on balance sheet) at September 30, 2007. Management recognizes that in the current financial climate there is a greater opportunity for delays or even cancellations of signed contracts.

The gross margin percentage for Q2FYE09 was 43% compared to 46% for Q2FYE08. The gross margin percentage for FYE09 to date was 44% compared to 49% for first six-months of FYE08. Gross margins are in line with management's expectations of annual margins of between 42% and 47%.

Operating expenses for Q2FYE09 were $585 thousand, up 12% from $523 thousand in the same quarter of the prior year. Operating expenses for FYE09 to date were $1.20 million up 15% from $1.05 million in the same period of the prior year. The increases relate mainly to increased payroll, insurance, and share compensation costs.

Losses for Q2FYE09 were $144 thousand, or $0.001 per share a decrease of 54% compared to $311 thousand, or $0.003 per share for the previous year. The decrease in losses reflects the large increase in revenue with stable expenses as well as a foreign exchange gain in the current quarter as opposed to the $40 thousand loss in fiscal 2008. Losses for FYE09 to date were $432 thousand, or $0.004 per share an increase of 9% compared to $398 thousand, or $0.004 per share for the previous year. The increase in losses can be primarily attributed to the lower revenue in the first quarter of fiscal 2009 compared to fiscal 2008.

Detailed financial statements along with Management Discussion and Analysis have been filed with SEDAR and may be viewed at (www.sedar.com) or on the Company web site (http://www.vigil.com/investors/financial-statements/).

Financial information will be mailed to entitled security holders on November 14, 2008. Or, upon notice to the Company, entitled security holders may request a copy of financials in advance.

Summary Financial Information


                             Three Months Ended           Six Months Ended
                         ----------------------    -----------------------
                          30-Sep-08   30-Sep-07     30-Sep-08    30-Sep-07


Revenue:                 $1,032,775   $ 567,883    $1,733,318   $1,471,963


Cost of sales            $  590,226   $ 308,900    $  962,096   $  746,559
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Gross Profit             $  442,549   $ 258,983    $  771,222   $  725,404



Expenses                 $  584,826   $ 522,828    $1,199,142   $1,046,709
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Loss before the
 following items         $ (142,277)  $(263,845)   $ (427,920)  $ (321,305)



Other income (expense):  $   (1,823)  $ (47,620)   $   (4,311)  $  (76,241)
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Loss for the period      $ (144,100)  $(311,465)   $ (432,231)  $ (397,546)
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About Vigil Health Solutions Inc.

Vigil offers a proprietary technology platform combining software and hardware to provide comprehensive solutions to the expanding seniors' housing market. Vigil has established a growing presence in North America and an international reputation for being on the leading edge of systems design and integration. The Vigil Integrated Care Management System^TM (Vigil^® System) includes the award-winning Vigil Dementia System, a nurse call system, bed monitoring, resident check in, and the latest development the Vigil Wireless call system. The first to supply dementia specific care technology, Vigil facilitates the highest standard of care for cognitive residents while helping dementia residents enjoy a higher quality of life and greater dignity.

Certain statements contained in this news release that are not based on historical facts may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). These forward-looking statements are not promises or guarantees of future performance but are only predictions that relate to future events, conditions or circumstances or our future results, performance, achievements or developments and are subject to substantial known and unknown risks, assumptions, uncertainties and other factors that could cause our actual results, performance, achievements or developments in our business or in our industry to differ materially from those expressed, anticipated or implied by such forward-looking statements.

Forward-looking statements include all financial guidance, disclosure regarding possible events, conditions, circumstances or results of operations that are based on assumptions about future economic conditions, courses of action and other future events. We caution you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. These forward-looking statements appear in a number of different places in this presentation and can be identified by words such as "may", "estimates", "projects", "expects", "intends", "believes", "plans", "anticipates", or their negatives or other comparable words. Forward-looking statements include statements regarding the outlook for our future operations, plans and timing for the introduction or enhancement of our services and products, statements concerning strategies or developments, statements about future market conditions, supply conditions, end customer demand conditions, channel inventory and sell through, revenue, gross margin, operating expenses, profits, forecasts of future costs and expenditures, the outcome of legal proceedings, and other expectations, intentions and plans that are not historical fact.

The risk factors and uncertainties that may affect our actual results, performance, achievements or developments are many and include, amongst others, our ability to develop our sales force and generate revenue, the length of the sales cycle, management of the Company's growth, ability to recruit and retain staff, fluctuations in demand for current and future products, our ability to develop, manufacture, supply and market existing and new products that meet the needs of customers, volatility in the exchange rate, ability to secure financing, ability to secure product liability insurance, the continuous commitment of our customers, increased competition, changes in regulation and reliance on third party suppliers. These risk factors and others are discussed in the Risks and Uncertainties section of our "Management Discussion and Analysis" segment of our fiscal 2008 Annual Report. Many of these factors and uncertainties are beyond the control of the Company. Consequently, all forward-looking statements in this news release are qualified by this cautionary statement and there can be no assurance that actual results, performance, achievements or developments anticipated by the Company will be realized.

Forward-looking statements are based on management's current plans, estimates, projections, beliefs and opinions and, except as required by law, the Company does not undertake any obligation to update forward-looking statements should the assumptions related to these plans, estimates, projections, beliefs and opinions change.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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