Nexsan Filed for $80.5 million IPO

The company records $30.0 million revenue for the six months period ending December 31, 2007, a 24% growth compared to the same period in 2006, with a net loss of $2.3 million, greater than in 2006 ($1.5 million). In fact, Nexsan was never profitable since 2003.

To read the complete FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 as filed with the Securities and Exchange Commission on April 25, 2008 (more than one hundred pages), click on:

http://www.sec.gov/Archives/edgar/data/1133448/000104746908005175/a2183514zs-1.htm