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    DGAP-News  564  0 Kommentare Sangui BioTech International Inc.: Revenues slightly improved in the first half of the 2015 financial year


    DGAP-News: Sangui BioTech International Inc. / Key word(s): Quarter
    Results
    Sangui BioTech International Inc.: Revenues slightly improved in the
    first half of the 2015 financial year

    12.02.2015 / 12:00

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    Sangui BioTech: Revenues slightly improved in the first half of the 2015
    financial year

    Research and development focuses on preclinical trials

    Witten, Germany, February 12, 2015

    For the first half (as of December 31, 2014) of its 2015 financial year
    Sangui BioTech International, Inc. reports revenues from product sales and
    royalties in the amount of USD104,906 an increase of 74.0% over the
    revenues in the first half of the financial year 2014. In the second
    quarter (October through December 2014) revenues amounted to USD31,166 a
    decrease of 57.7% as compared with the most recent quarter(July through
    September 2014).

    Research and development expenses amounted to USD134,977 (H1/2014: USD
    107,234). The increase is due to the ongoing preclinical trials aimed at
    demonstrating the functionality of Sangui's technology with respect to
    various indications. The net loss attributable to shareholders of the
    parent company came to USD355,928 (H1/2014: USD570,032), the cash outflow
    from operations during the six months amounted to USD318,740 (H1/2014:
    USD337,419).

    As of December 31, 2014, the equity ratio was minus 33.3% (June 30, 2014:
    2.8%).

    In the course of the second quarter, preclinical trials at Giessen
    University demonstrated that a hemoglobin based product developed by
    SanguiBioTech is apt to improve the oxygen supply of vital organs. It is
    now being supposed that Sangui's hemoglobin-based artificial oxygen
    carriers may interrupt the self-perpetuating mechanism of septic shock,
    that has so far been highly resistant to treatment, and may thus ultimately
    reduce the high mortality rates.

    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 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

    Some of the statements contained in this news release discuss future
    expectations, contain projections of results of operation or financial
    condition or state other "forward-looking" information. These statements
    are subject to known and unknown risks, uncertainties, and other factors
    that could cause the actual results to differ materially from those
    contemplated by the statements. The forward-looking information is based on
    various factors and is derived using numerous assumptions. Important
    factors that may cause actual results to differ from projections include,
    among many others, the ability of the Company to raise sufficient capital
    to meet operating requirements. Words such as "anticipates," "expects,"
    "intends," "plans," "believes," "seeks," "estimates," and variations of
    such words and similar expressions are intended to identify such
    forward-looking statements. Unless required by law, the Company undertakes
    no obligation to update publicly any forward-looking statements, whether as
    a result of new information, future events or otherwise.



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    12.02.2015 Dissemination of a Corporate News, transmitted by DGAP - a
    service of EQS Group AG.
    The issuer is solely responsible for the content of this announcement.

    The DGAP Distribution Services include Regulatory Announcements,
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    DGAP-News Sangui BioTech International Inc.: Revenues slightly improved in the first half of the 2015 financial year DGAP-News: Sangui BioTech International Inc. / Key word(s): Quarter Results Sangui BioTech International Inc.: Revenues slightly improved in the first half of the 2015 financial year 12.02.2015 / 12:00 …