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    DGAP-News  409  0 Kommentare Sangui BioTech International Inc.: Sangui reports increase in revenue, looking at longer Granulox market entry phase


    DGAP-News: Sangui BioTech International Inc. / Key word(s): Interim
    Report
    Sangui BioTech International Inc.: Sangui reports increase in revenue,
    looking at longer Granulox market entry phase (with additional
    features)

    21.05.2013 / 08:30

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    Sangui reports increase in revenue, looking at longer Granulox market entry
    phase

    Witten, Germany, May 21, 2013 - In the third quarter of its 2013 financial
    year Sangui BioTech International, Inc., realized revenues from product
    sales and royalties of above USD 33,000 (Q3 2012: USD 571). In the first
    nine months of the financial year revenues amounted to more than USD 81,000
    (9M 2012: USD 2,795). This can be derived from the quarterly 10-QSB report
    published today. Over the nine months the company used cash in operations
    of approximately USD 500,000 (9M 2012: approx. USD 461,000). It invested
    almost USD 900,000 of loans in promoting the market entry of its wound
    therapeutic Granulox (9M 2012: almost USD 667,000). Cash inflow from
    financing activities amounted to USD 1.27 million (9M 2012: 1.05 million).

    Sangui Director Hubertus Schmelz explained: 'A year ago, when Granulox was
    successfully presented in the market we had hoped for a faster market
    penetration. We underestimated the inertia of the health system. Today it
    seems realistic to be prepared for a more extended market entry phase.' As
    before successful treatments are well received by medical experts and among
    patients. According to the global licensee the repurchase rate is high. In
    the next step its focus will be on expanding the number of doctors actually
    using the wound therapeutic, further stimulating the demand from patients
    and entering new international markets.

    A German language independent market research study will be made available
    on www.sanguibiotech.com today. It covers the wound care market and
    discusses market entry scenarios.

    Sangui BioTech International, Inc. ('SGBI') is a holding company the shares
    of which are being traded on the OTCQB marketplace (www.otcmarkets.com:
    SGBI) and the OTC markets of the Berlin and Hamburg-Hannover stock
    exchanges. Its purpose is to provide financing and access to the capital
    markets for the enterprises of the Sangui group. SanguiBioTech GmbH is a
    ninety percent subsidiary of Sangui BioTech International, Inc.

    For more information please contact:

    Joachim Fleing
    Phone: +49 (179) 7963472
    Fax: +49 (2302) 915191
    e-mail: fleing@sangui.de


    End of financial news

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