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    DGAP-News  382  0 Kommentare Sangui BioTech: Positive Outlook after Weak Fourth Quarter / Cost Cutting Initiated Inc.:


    DGAP-News: Sangui BioTech International Inc. / Key word(s):
    Preliminary Results
    Sangui BioTech: Positive Outlook after Weak Fourth Quarter / Cost
    Cutting Initiated Inc.:

    27.08.2015 / 14:00

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    Sangui BioTech: Positive Outlook after Weak Fourth Quarter / Cost Cutting
    Initiated

    Witten, Germany, August 27, 2015 - According to preliminary, unaudited
    figures Sangui Biotech International, Inc. yielded revenues from royalties
    and product sales of less than USD130,000 in the course of its financial
    year 2015, ended June 30, 2015. In the financial year 2014 revenues
    amounted to USD133,470. Revenues in the fourth quarter came in at around
    USD11,000 (Q4/2014: USD43,729).

    Royalties from the licensing agreement regarding the wound treatment
    product Granulox engrossed by SanguiBioTech GmbH in the operating currency
    EUR, however, increased by 34.4% in the 2015 financial year.

    SanguiBioTech GmbH has reacted to the sluggish top line development by
    starting a new round of cost cutting involving personnel expenses and
    office space as well as reducing patent expenses by giving up marginal
    patents, in particular those protecting the cosmetics business.

    According to preliminary information provided by global licensee SastoMed
    GmbH Granulox sales are expected to increase again slightly in the current
    quarter (ending September 30) and more significantly in the December
    quarter.

    Sangui BioTech International, Inc. ("SGBI") is a holding company the shares
    of which are being traded on the OTCQB venture stage marketplace for early
    stage and developing U.S. and international companies (OTCQB: SGBI).
    Companies are current in their reporting and undergo an annual verification
    and management certification process. Sangui shares also trade on the OTC
    markets of Berlin and Hamburg-Hannover stock exchanges (symbol: SBH). 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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    27.08.2015 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,
    Financial/Corporate News and Press Releases.
    Media archive at www.dgap-medientreff.de and www.dgap.de

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    389705 27.08.2015


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    DGAP-News Sangui BioTech: Positive Outlook after Weak Fourth Quarter / Cost Cutting Initiated Inc.: DGAP-News: Sangui BioTech International Inc. / Key word(s): Preliminary Results Sangui BioTech: Positive Outlook after Weak Fourth Quarter / Cost Cutting Initiated Inc.: 27.08.2015 / 14:00 …