RX Biosyent Inc

BioSyent Inc. ("BioSyent") (TSX VENTURE:RX) today released a summary of its
Second Quarter (Q2) 2012 financial results.




--  Q2 Sales of $1,216,115 sets an all time quarterly record and represents
    growth of 89% over Q2 2011 
--  Q2 2012 Pharmaceutical Sales of $ 1,054,026 grew by 127% vs. Q2 2011 and
    38% vs. Q1 2012 
--  Record Q2 Earnings Before Tax of $337,437 represents growth of 198% over
    Q2 2011 
--  Total Comprehensive Income for first half 2012 of $611,813 was higher
    than that of 2011 by 439% 
--  Q2 basic earnings per share of $0.03 
--  Cummulative Basic EPS over the last 4 consecutive quarters is $0.07



Total Sales for Q2 2012, hit a new quarter record and were $1,216,115 or 89%
higher compared to $643,177 in the corresponding prior year period and 34%
higher than the immediately preceeding quarter (Q1 2012) which had sales of
$904,488. Pharmaceutical Sales were $1,054,026 in Q2 2012, or 127% higher than
the corresponding prior year period sales which were $465,163. 


Earnings Before Tax (EBT - sales and other income less all expenses other than
tax) for the second quarter of 2012 was $337,437 which is 198% higher than
$113,214 in the second quarter of 2011. EBT for the first six months of 2012 was
$610,620 or 431% higher than $115,093 in corresponding prior year period.


The Company earned Total Comprehensive (Net) Income of $ 338,962 in Q2 2012
compared to a Total Comprehensive Income of $ 114,340 in Q2 2011. For the six
months ended June 30, 2012, the Total Comprehensive Income of $611,813 was 439%
higher than $113,454 in the corresponding prior year period.


Working capital has increased by 55% from $ 1,128,065 as at December 31, 2011 to
$1,744,243 as at June 30, 2012. Cash and cash equivalents on June 30, 2012 were
64% of working capital compared to 94% as at December 31, 2011. During the First
Half of 2012 the Company channelled a portion of the incremental cash flow
resulting from Net Income into investments in working capital, primarily
receivables and inventory. 


Subsequent to the Quarter end BioSyent Inc. announced that its subsidiary
BioSyent Pharma Inc. has received marketing approval from Health Canada for its
unique new oral iron supplement FeraMAX(R) Powder and that it has signed an
exclusive Licensing and Distribution Agreement with a European partner for two
new products that will be marketed by its' Hospital Products Division.


The Financial Statements and Management's Discussion & Analysis will be posted
on www.sedar.com on August 22, 2012. 


As at the date of this press release the Company had 12,806,195 shares issued
and outstanding.


For a direct market quote (15 minutes delay) for the TSX Venture Exchange and
other Company financial information please visit www.tmxmoney.com.


BioSyent Inc. continues to concentrate on its pharmaceutical strategy to source
products that have been successfully developed and proven to be safe and
effective; manage these products through the regulatory process and product
registration (approval); and once approved, market these products in Canada. The
Company is focused on medications that occupy a niche in the market, that are
unique either due to complexity of manufacture or provide novel technological or
therapeutic advantages, or that are backed by strong partners holding
intellectual property rights that are defendable. This strategy allows the
Company to market these medications as brands owned by, or licensed to, it.


BioSyent Inc. is a publicly traded specialty pharmaceutical company whose wholly
owned subsidiary, BioSyent Pharma Inc., sources, acquires or in-licences
pharmaceutical products and markets these products in Canada. Wholly owned
BioSyent subsidiary Hedley Technologies Ltd. operates the company's legacy
business marketing bio and health friendly non-chemical insecticides. BioSyent
common shares are listed for trading on the TSX Venture Exchange (TSXV) under
the symbol RX. 


This press release may contain information or statements that are
forward-looking. The contents herein represent our judgment, as at the release
date, and are subject to risks and uncertainties that may cause actual results
or outcomes to be materially different from the forward-looking information or
statements. Potential risks may include, but are not limited to, those
associated with clinical trials, product development, future revenue,
operations, profitability and obtaining regulatory approvals.

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