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Imagenetix Reports Record Quarter
Tuesday August 16, 8:10 am ET
Sales Hit All Time High -- Up 142%
Before-Tax Income Soars 174%
Company Reports Ten Consecutive Quarters of Operating Profits


SAN DIEGO--(BUSINESS WIRE)--Aug. 16, 2005--Imagenetix, Inc. (OTCBB:IAGX - News), www.imagenetix.net, a company focused on inflammation and inflammation-related markets, announces the results for the first fiscal quarter ended June 30, 2005.
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For the first fiscal quarter ended June 30, 2005, the company reported revenue of $2,869,745, a 142% increase compared to $1,186,163 reported in the same quarter of the prior fiscal year.

For the first quarter, the company reported income before taxes of $538,311 compared to income before taxes of $196,454, a 174% increase for the same period last year. For the first fiscal quarter, the company reported net income of $304,011 compared to $290,029 for the same quarter of the prior fiscal year. For the first fiscal quarter ended June 30, 2005, income taxes amounted to $234,300 compared to a credit of $93,575 for the same period last year, resulting in a $327,875 increase in income tax expense compared to the same quarter last year.