Global Med Technologies(R), Inc. Announces Backlog From Business Generated in Last Six Months Valued at Over $3 Million
June 16 2004 - 10:30AM
PR Newswire (US)
Global Med Technologies(R), Inc. Announces Backlog From Business
Generated in Last Six Months Valued at Over $3 Million DENVER, June
16 /PRNewswire-FirstCall/ -- During the past six months, Global Med
Technologies(R), Inc. (OTC:GLOB) (BULLETIN BOARD: GLOB) entered
into customer relationships and a letter of intent for SafeTrace(R)
and SafeTrace Tx(R)* with potential five-year revenues that the
Company believes may be in excess of $3 million. As of March 31,
2004, the Company had recognized approximately $150 thousand in
revenues from these sources and contracts, and a number of these
were entered into after March 31, 2004. Therefore, management of
the Company believes that these revenue sources and the potential
contract underlying the letter of intent represent an opportunity
for the Company to recognize over $2.9 million in additional
revenues over the next five years, with a possibility that a
majority of the revenues will be front-loaded over the first two
years. The estimated revenue from these sources consists of
software license fees, implementation fees, and maintenance fees
and assumes the Company will provide maintenance services during
the five-year period. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO ) Dr.
Mick Ruxin, Chairman and CEO of Global Med Technologies, Inc.,
stated, "Our customer base has grown and the Company currently has
over 133 hospital transfusion sites with SafeTrace Tx, and the
SafeTrace donor system is installed at over 125 locations,
establishing a solid platform for our business model of growing
revenue on a firm base of recurring revenue derived primarily from
maintenance fees. Our pipeline of opportunities continues to expand
domestically and now internationally following our recently
announced success in Africa." Dr. Ruxin continued, "The focus of
our company has always been to provide high quality products and
services to our customers with the highest regard for safety. Our
software products have become the standard in the industry which is
why our products are firmly established in the marketplace." Dr.
Ruxin added, "Our opportunity for continued growth, both in the
United States and internationally, remains very strong through our
internal sales force as well as through our channel partners."
About Global Med Technologies, Inc. Global Med Technologies, Inc.
is an international e-Health medical information technology company
providing information management software products and services to
the healthcare industry. Its Wyndgate Technologies division is a
leading supplier of information management systems to U.S. and
international blood centers and hospital transfusion centers.
Current clients of Wyndgate's products and services manage more
than 3 million units of blood, or over 22% of the U.S. blood
supply, each year. Together, the SafeTrace Tx advanced transfusion
management system and the SafeTrace donor management system provide
Vein-to-Vein(R) tracking from donor collection to patient
transfusion. For more information about Global Med's products and
services, please call 800-WYNDGATE or visit
http://www.globalmedtech.com/, http://www.peoplemed.com/ and
http://www.wyndgate.com/. Press Inquiries: Investor Inquiries:
Patti Larson Tom Marcinek Senior Director of Marketing Development
President and COO 916-404-8492 916-404-8413 Statements in this
press release that are not strictly historical are
"forward-looking" statements within the meaning of the Safe Harbor
provisions of the federal securities laws. Forward-looking
statements involve risks and uncertainties, including, but not
limited to, continued acceptance of the Company's products and
services in the marketplace, regulatory and competitive factors,
new products and technological changes, the Company's dependence
upon third-party suppliers, and other risks detailed from time to
time in the Company's Form 10-K and other regularly filed reports.
* Patent Pending
http://www.newscom.com/cgi-bin/prnh/20040226/GLOBALMEDLOGO
http://photoarchive.ap.org/ DATASOURCE: Global Med Technologies,
Inc. CONTACT: media, Patti Larson, Senior Director of Marketing
Development, +1-916-404-8492, , or investors, Tom Marcinek,
President and COO, +1-916-404-8413, , both for Global Med
Technologies, Inc. Web site: http://www.globalmedtech.com/
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